• 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 February 23

19:37 Global bunker market: No firm trend in bunker prices next week, expert says
13:19 Hapag-Lloyd announces FAK rates from Far East Westbound Middle East to Europe North Continent and Mediterranean
13:17 Mitsui Engineering & Shipbuilding delivers a 60,000 dwt type bulk carrier to ARIST MARITIME
13:16 IBIA raises awareness of sulphur compliance verification challenges at IMO
13:13 Fincantieri, CSSC and Carnival Corporation sign MOU for 2 cruise ships with an option for additional 4
13:07 Damen Shiprepair & Conversion announces a reorganisation at three Dutch yards

2017 February 22

19:11 Moody's changes the outlook on Sovcomflot from negative to stable
18:36 JV of Port of London Authority and Peel Ports London Medway buys new pilot boat
18:15 Ban of M/V "BEAM” with IMO number 8408258 has been lifted
18:07 Port of Brisbane hosts two mega cruise ships
17:55 Port of Ipswich receives 743 ships in 2016
17:36 ZIM to add a second Asia-Pacific North West service
17:05 CMA CGM announces FAK rates from North Europe to East Mediterranean
17:01 Ningbo Zhoushan Port receives world’s largest vessel
17:00 Bahri Dry Bulk signs a joint venture agreement with Koninklijke Bunge B.V.
16:40 APM Terminals increases Port Elizabeth investment plans to USD $200 million in preparation for ultra large container ships
16:38 Van Oord partner in PortXL innovation platform
16:35 Konecranes wins order in Paraguay for BOXHUNTER RTGs
16:05 Eimskip starts calling Helsingborg in Sweden
15:49 Exercise on the liberation of the captured vessel held in Saint-Petersburg
15:41 Maersk Line’s Margrethe Maersk becomes the largest vessel to call Vietnam
15:23 Yuriy Orekhov appointed to the position of the Head of the RS Branch Office in Spain
15:18 DAMEN launches the latest 70-metre yacht support vessel with helicopter hangar
14:51 Gazprom Neft reports net profit growth of 82.5 % y-o-y for its FY 2016 financial results
14:35 Gazprom Neft to drill first prospecting and appraisal well at the Ayashsky licence block in the Sea of Okhotsk
14:12 DEME’s subsidiary GeoSea to design, manufacture and install turbine foundations for EnBW offshore wind farm Hohe See in Germany
13:40 Yevgeny Dmitrakov elected as new Director General of Commercial Seaport Vanino OJSC
13:12 Six further shipping lines to call at Wilhelmshaven
12:52 The number of modernised warehouses and buildings at the Port of Gdansk is increasing
12:31 Marseille Fos posts 2016 results
12:26 NOVATEK says its profit in 2016 increased by more than three-fold to RR 257.8 billion
12:22 ICS releases latest Flag State Performance Table
12:01 New Times Shipbuilding announces delivery of product oil and chemical tanker
11:41 Cargo transportation by Ukraine’s water transport in January 2017 fell by 33.9% to 0.1 mln t
11:30 ICS releases latest Flag State Performance Table
11:18 HII authenticates keel for destroyer Frank E. Petersen Jr. (DDG 121)
11:00 DP World Australia progresses to RFP for Port of Townsville Berth 4 upgrade
10:55 MEYER WERFT starts construction of the world's first LNG cruise liner for ADIA Cruises
10:38 DryShips re-enters the tanker market, acquires two modern tankers
10:23 ABS issues industry’s first cyber safety notation
10:12 NYK completes winter safety campaign
10:09 Brent Crude futures price up 0.42% to $56.9, Light Sweet Crude – up 0.35% to $54.52
09:55 Onezhsky shipyard (Karelia) launches workboat of Project ST23WI-M, Yevgeny Vasilyev, built for FSUE Rosmorport (photo)
09:34 Norwegian Minister of Foreign Affairs to visit Russia for first time in three years for ‘Arctic: Territory of Dialogue’ International Arctic Forum
09:15 Baltic Dry Index up to 778 points

2017 February 21

18:11 M/V “RINA” refused access to the Paris MoU region
17:20 'MOL Group Safety, Environmental and Social Report 2016' earns Award of Merit in Environmental Communication Awards
17:02 Kelvin Hughes to supply its SharpEye™ radar for Pakistan Navy submarine upgrades
16:20 Wan Hai Lines again tops the “Container Shipping Line of The Year - Far East Trade Lane” Award
15:41 Igor Ponomaryov appointed as Director General of Severnaya Verf shipyard
15:22 Forland Subsea enters into a time charter party with a major international contractor for the Lewek Inspector
14:51 Vyborg Shipyard to deliver second icebreaking support ship intended for Novy Port in May 2017
14:20 Port of London Authority to discuss 20 year growth plan for the Thames river
14:02 CMA CGM announces GRR from India to West Africa
13:41 Bunker prices go down in the Far East ports of Russia (graph)
13:10 New Times Shipbuilding holds naming ceremony for two oil tankers and announces delivery of cargo lake ship
12:55 Yamal major landing ship of RF Navy's Black Sea Fleet returned to Sevastopol from the Mediterranean Sea (photo)
12:39 IAA PortNews offers a photo release from the 4th International Forum of Dredging Companies
12:23 KCA Deutag secures platform drilling contract with Sakhalin Energy
12:10 Intermodal Asia to launch the Industry Leaders Strategy Summit in Shanghai on 21st – 22nd March 2017