• 2012 July 18 19:13

    ICTSI expects concession agreement for Nigerian port in August

    International Container Terminal Services, Inc. (ICTSI), which has proven to be the trailblazer in the Philippines and abroad, invests $ 300 million for the container terminal in Nigeria and express interest to bid for Davao port, PNA  reports.
    ICTSI Chairman and President Enrique K. Razon Jr. said ICTSI is pursuing the ongoing privatization opportunities in Africa.
    A number of African countries has been opening up their gateway ports to privatization.
    “We are now negotiating the final concession agreement for container terminal in Nigeria. It’s a sub-concession with Tolaram group, having a joint venture with the Nigerian Ports Authority,” Razon said.
    “We hope to finalize the concession agreement in August. Investments amount to $ 300 million,” he added.
    The African region provides good opportunity for growth and ICTSI is bent on participating in such growth.
    In the country, the Philippine Ports Authority (PPA) plans to bid out the Davao port also known as Sasa Wharf.
    PPA General Manager Juan Sta. Ana said the Davao port modernization project is submitted to the National Economic Development Authority (NEDA) board's Investment Coordination Committee (ICC) for approval.
    “We will have it bid,” Sta. Ana said.
    “We want to bid. We don’t want no bidding,” Razon stressed.
    ICTSI’s subsidiary, the Davao Integrated Port Stevedoring Service Corporation (DIPSSCOR), handles the cargo handling of the said port.
    The Department of Transportation and Communications (DOTC) prepared the Terms of Reference for the port’s privatization.
    PPA Davao said volume growth at Sasa wharf is at a rate of seven to 10 percent every year for the last eight years.
    The Port of Davao has a total cargo throughput of 5.194 million metric tons in 2010.
    Shipping lines such as American President Lines (APL) and Maersk Lines are pushing for the port privatization due to congestion.
    The vessels average waiting time before discharging at the port is around 40 hours and they spend extra time, tantamount to additional bunker fuel cost.
    ICTSI is also preparing the Manila International Container Terminal (MICT)’s berth 7 in case of accelerated growth in Manila.
    “Despite our expansion overseas, we remain bullish on the Philippines and it will always be our priority. And when the time comes for even brisker Philippine trade, the MICT will be ready with berth 7,” said Razon.
    “We’re looking at spending around P3.5 billion to P4 billion for berth 7, because we see continuous growth,” he added.
    ICTSI is also promoting heavily on its Subic port to be able to entice more shippers to use its new container terminals 1 and 2 (NCT1 and NCT2) with combined capacity of 600,000 TEUs.
    Businessmen said in order to increase the cargo traffic in Subic and Batangas port, PPA must issue a policy to shift foreign cargoes from the Port of Manila to Batangas or Subic.
    Christian Gonzalez, ICTSI Vice President and MICT general manager, said ICTSI makes sure that the necessary capacity in ports they operate are in placed.
    “If Subic port grows, we will be there and we will bring the capacity. We don’t make two ports, MICT and Subic compete against each other. The market will drive where the volume goes,” he said.
    Razon said “MICT will serve the cargo traffic volume in Manila, but you have markets in Central Luzon and Southern Luzon for Subic, which they hope to grow as well.”


2017 January 19

11:32 Odessa Sea Port Authority issues ice advisory
11:21 Bunker prices are still high in the Far East ports of Russia (graph)
10:59 Connecting ships, ports and people theme launched by IMO Secretary-General
10:43 Yury Tsvetkov congratulates Novoship on its 50th anniversary
10:15 Sergey Frank congratulates Novoship on its 50th anniversary
09:55 Brent Crude futures price up 0.93% to $54.42, Light Sweet Crude – up 0.92% to $51.55
09:16 Baltic Dry Index up to 952 points

2017 January 18

18:07 Siem Offshore cancels shipbuilding contract with Remontowa Shipbuilding
17:56 Port of Gdansk throughput up 3.8% to 37 mln t in 2016
17:40 COSCO (Dalian) Shipyard delivers Salvage Lifting Vessel and bulk carrier
17:19 RF Navy’s Pacific Ocean Fleet ship detachment arrived in Busan
17:06 Höegh LNG signs new FSRU contract with Hyundai Heavy Industries
16:45 Acting Chairman of USPA calls upon strengthening of dialogue between industry leaders and ports’ society
16:32 The Port of Gothenburg want to reward the shipping companies for their green initiatives
16:30 IMO welcomes entry into force of financial security for seafarers
16:18 Vladivostok Sea Fishing Port handled 327,000 t of fish in 2016, up 6.3%, Y-o-Y
15:54 The new head of USPA criticized the management of Odessa port
15:23 CMA CGM announces FAK rates from India Sub-Continent to North Europe & Mediterranean
15:01 Production at LUKOIL’s Filanovsky field reached one million tons (photo)
14:39 Container throughput of port Hong Kong (China) down 2.5% to 19.58 mln TEUs in 2016
14:23 SHI wins KRW 270bn order for build FSRU
13:46 Murmansk hosts exhibition dedicated to Arctic convoy
13:23 OPC, CHEC ink deal for Puerto Cortes terminal expansion
12:57 Seaport of Azov expanded with a plot of land intended for construction of terminal for grain and general cargo exports
12:26 Port of Zeebrugge volume down 1.3% to 38 million tonnes in 2016
12:08 Successful cooperation for safe sea transport of oil told in new exhibition
11:40 Composit supports 4th International Forum of Dredging Companies as its Sponsor
11:11 Free Port Kamchatka company to build multi-functional transit cargo hub in Petropavlovsk-Kamchatsky
10:33 Brent Crude futures price up 0.34% to $55.66, Light Sweet Crude – up 0.34% to $52.66
10:29 OSM & Forland Shipping extend cooperation to full technical management
10:14 Victor Olersky congratulates Novoship on its 50th anniversary
10:00 Rusal is set to invest over RUB 5 bln in construction of alumina terminal in Vanino Bay
09:54 Baltic Dry Index down to 922 points
09:38 TransContainer freight traffic rises 9% in 2016 to 1,500 TEUs
09:16 Indicative bunker prices slightly up at the port of Saint-Petersburg, Russia (graph)
08:25 Port of Antwerp freight volume up 2.7% to 214,057,529 tonnes in 2016
07:27 Ports of Stockholm sets new container record in 2016

2017 January 17

21:13 Cargo volume of a UCL Holding's stevedoring division in 2016 up 3% to 34,1 million tonnes
18:44 DNV GL certifies new prototype of Siemens’ 8 MW offshore wind turbine
18:42 Port of Kiel posts record cargo and passenger handling, up 5.3% and 3.4%, accordingly
18:23 Berge Bulk takes delivery of handy-size vessel Berge Rishiri
18:20 CMA CGM upgrades its SEAS1 and SEAS2 services
18:12 Euroseas announces delivery of newbuilding Ultramax drybulk carrier
17:54 Subsea 7 announces offer for Seaway Heavy Lifting
17:24 Russian crude exports via oil terminal Kozmino in 2016 rose 4.6% to 31.8 million tonnes
17:06 Castor Networks launches new worldwide one stop shop formula for maritime IT and communication after takeover Watum Solutions
16:11 Vyborg Shipyard and Arkhangelsk Trawl Fleet ink an agreement for optional and modified ST series trawlers (photo)
16:02 Hapag-Lloyd announces new FAK rate from Far East WB - ISC to Europe North Continent & Med
15:28 Russia's Port of Nakhodka throughput in 2016 rose 9.4% to 23.3 million tonnes
15:14 Bunker prices at Far Eastern ports remain flat (graph)
14:24 Moldova-flagged dry bulk carrier refloated at Port of Azov
14:13 VARD signs Letter Of Intent with international cruise company
13:40 Cargo transportation by inland water ways of Russia down 2.9% to 117.9 mln t in 2016
13:02 CMA CGM announces GRI from Asia to Mexico, West Coast of South America (WCSA) & West Coast of Central America (WCCA)
12:21 Boskalis receives LOI for EUR 480 million port development project in Oman
12:12 TTS Group delivers TTS shipset to COSCO/Shanghai Shipyard
11:59 Peter Döhle turns to MacGregor for 70-ship service agreement deal
11:58 Throughput of port Olga (Primorsky Territory) up 13.4% to 1.529 mln t in 2016
11:01 Throughput of port Posiet (Primorsky Territory) up 26.6% to 8.202 mln t in 2016
10:40 Throughput of port Vostochny (Primorsky Territory) up 5.2% to 68.533 mln t in 2016