• 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.”


2014 October 31

09:24 Rosneft puts into operation its bunkering tanker RN Tuapse (photo)
09:09 Oil price down to $86.24 in London and down to $81.12 in New York

2014 October 30

18:53 Expert says bunker prices to swing around $5 or $10 PMT next week
18:25 Wilhelmsen Ships Service appoints new Ships Agency Manager for Singapore
18:02 Flag-of-convenience and ‘port-of-convenience’ practice can be introduced in Crimea’s sea harbors
17:52 Jan Rindbo appointed CEO of Dampskibsselskabet NORDEN A/S
16:48 National Chamber of Shipping renamed as Russian Chamber of Shipping
16:35 Tchibo plans to import via Wilhelmshaven.
16:14 Rotterdam roll on/roll throughput up 8% to 15 mln tonnes in the first nine months of 2014
16:05 CMA CGM announces further blank sailings on its Asia/North Europe routes
15:42 Wärtsilä fuel efficient propulsion equipment chosen for two new fishing vessels
15:18 Hapag-Lloyd starts a new feeder service to and from Kokkola port
15:10 Crystal Cruises selected as Best Cruise Ship Line for record 21st time
15:05 MPE Interiors unveils partnership to install fast-fit modular ship accommodation
14:14 Admiralty Shipyards (Saint-Petersburg) lays down Veliky Novgorod and Kolpino submarines
14:02 One of the VLCCs in Vela fleet was transferred to Bahri's ownership
13:31 Yuri Dolgorukiy submarine of Russia’s Northern Fleet successfully launches intercontinental ballistic missile Bulava (photo)
13:02 Mitsui Engineering & Shipbuilding Co., Ltd establishes Service Companies in Qatar and Turkey
12:30 Norwegian Cruise Line reports financial results for Q3 2014
12:02 CMA CGM improves its service from Rouen to West Africa
11:56 67,000 yearlings of speckled trout released into Ladoga as Bronka compensatory measures (photo)
11:30 Mikhail Margelov appointed as Vice-President of Transneft
11:30 OPDR starts new service between Morocco and Northwest Europe
11:02 Pacific Drilling announces closing of $500 mln revolving credit facility
10:40 Transneft resumes oil loading onto tankers at three ports
10:30 CSAV receives new containerships
10:17 CMA CGM announces Winter Surcharge to imports into Russia/Baltic ports
10:11 Multipurpose Reloading Complex (Ust-Luga) allocates RUB 1.3 mln for social programmes in Jan-Sep’14
09:21 Baltic Dry Index up to 1,428 points
09:07 Oil price up to $87.12 in London and up to $82.2 in New York

2014 October 29

18:36 Perdana Neptune Limited sells offshore support vessel to Hauston Limited
18:06 AIDA receives the Deutsche Kreuzfahrtpreis 2015 (German Cruise Line Award)
17:48 Mexico’s Naviera Integral orders two Damen FCS 4008
17:42 Neway completes major pumping operation for Liverpool dock project
17:36 Vroon’s revolutionary “walk-to-work” vessel to be available from mid-2015
17:22 International Maritime Bureau notes concern over small tanker attacks in SE Asia
17:16 Hantong gets order for the world’s first CNG carrier
17:15 4 International Annual Conference of RUMI «Marine insurance in Russia 2014» to be held in Moscow on November 20
17:06 CMA CGM announces Peak Season Surcharge from Asia to West Africa Southern range
16:47 The use of LNG to reduce annual greenhouse gas emissions of 170 000 tons CO2 at Skangass' new LNG terminal in Lysekil
16:45 ITF “will fight” Costa Rica port violence
16:41 Fincantieri and Vittoria Shipyard sign a cooperation agreement
16:41 Technip wins substantial subsea contract for Bangka Development in Indonesia
16:34 EU to support rail freight traffic improvements to the Port of Rotterdam
16:31 Hapag-Lloyd changes terminal / rotation on INDAMEX - India America Express (IMX)
16:13 Statoil posts results for Q3 2014
15:31 Additional cargo line to be launched at Kerch ferry service from November 1
15:09 Petrobras plans to launch a new tender for two ultra-deepwater drilling rigs
14:50 Court of Appeal dismisses complaint of Russia’s Central Energy Customs related to offshore bunkering ban
14:48 Wärtsilä to supply highly efficient integrated propulsion and ship design for two offshore support vessels
14:30 World’s first subsea wet gas compressor one step closer to Gullfaks
14:09 Qatargas deliveres LNG on-board a Q-Max Vessel to Jebel Ali Port for the first time
13:35 Finnlines sells MS Finnhansa and MS Finnarrow
12:50 Winter navigation period starts at port Sabetta
12:28 IMS to sell LPG / Ethylene carrier Norgas Napa to a subsidiary of Teekay for USD 27.0 mln
12:09 CIMC Raffles completes its 7th semisubmersible drilling rig sea trial
11:23 Vroon announces launching of VOS Paradise at Cosco Guangdong Shipyard
11:22 Floating Maintenance Base “Lepse” placed to open shipbuilding platform (photo)
11:09 ECT Delta Terminal sets new record: 10,557 containers unloaded and loaded on Thalassa Pistis
10:27 Deltamarin designs the Libra FPSO