• 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.”


2016 February 10

15:04 BMT provides new design for the River Murray ferry services
14:50 Maersk Line provides containers for the Logistics Museum
14:39 Stena Line to move service from Majnabbe terminal at the Port of Gothenburg
14:31 Wärtsilä fuel flexibility supporting Japan's 'gas age' shipping sector
14:10 ABS Europe and Africa Division President Kirsi Tikka elected as a Foreign Member of the NAE
13:10 Bibby Offshore develops collaborative approach to unlock subsea productivity
12:51 Implementation of CTSP development program in 2015
12:27 Icebreaker escort services in the eastern part of the Gulf of Finland provided to 16 vessels
12:10 Transport workers protest across Europe in support of Polish dockers
11:30 BG03 approved to serve vessels by the Cyprus registry
11:05 ICS publishes Shipping Industry Flag State Performance Table for 2015/2016
10:55 Fratelli Neri takes delivery of a Damen ASD Tug 3212
10:35 Brent Crude futures price down 2.54% to $31.09, Light Sweet Crude - up 2.38% to $28.6
10:14 Baltic Dry Index down to 291 points
09:56 Bunker prices are still high at port St. Petersburg (graph)
09:37 Victor Olersky takes up a post of Deputy Minister of Transport – Head of Federal Marine and River Transport Agency
09:19 Throughput of port Ventspils (Latvia) down 30.8% % to 1.8 mln t in Jan'16

2016 February 9

18:06 ITF and IDC ink statement of intent
17:35 LNG Gorskaya set to have its floating storage unit built at shipyard Maris
17:06 Wilhelmsen Ship Management certified by TRACE
16:51 Port of New York and New Jersey cargo volume up 10.4 percent to 6,371,720 20 TEUs in 2015
16:44 Crude exports via CPC terminal up 9.5% to 3.91 mln t in Jan'16 in Jan'16
16:31 Fincantieri starts works on the logistic support unit for Italian Navy’s fleet
16:01 Throughput of port Klaipeda (Lithuania) up 5.1% to 3.16 mln t in Jan'16
15:56 Fincantieri launches “Majestic Princess” for Carnival Group
15:40 Caspian Flotilla Marines moved to the ranges in the course of the combat readiness inspection
15:17 Throughput of port Liepaja (Latvia) up 8.6% to 477,800 t in Jan'16
14:58 Novoship selects Ecochlor BWTS for installation on four tankers
14:39 MGO prices at port Vladivostok are down to the level of port Singapore (graph)
14:23 Technip awarded a subsea contract for the South Santa Cruz and Barataria fields in the Gulf of Mexico
14:03 Wärtsilä Ballast Water Management System chosen for new crane ship design
13:25 Throughput of port Taganrog down 39.8% to 164,700 t in Jan'16
12:48 Lithuanian LNG terminal services demand triples
12:12 Diana Shipping announces time charter contract for m/v Semirio with SwissMarine
11:56 Sea Port of Saint-Petersburg increased social expenses by 38%
11:26 First Panama Canal water-saving basin filled
11:24 Icebreaker escort services in the eastern part of the Gulf of Finland provided to 4 vessels
11:01 IMO Member States urged to ratify compensation regime for Hazardous and Noxious Cargoes
10:58 Meyer Turku Yard confirms contract with TTS Marine AB for delivery of access equipment to their fifth and sixth newbuildings for TUI Cruises
10:20 Brent Crude futures price down 0.17% to $32.82, Light Sweet Crude - up 0.83% to $29.94
09:49 ABP's ports in Scotland set to expand with new land in Ayr
09:13 Baltic Dry Index down to 293 points

2016 February 8

18:22 Throughput of Arkhangelsk Sea Commercial Port down 31.4% to 121,900 t in Jan'16
18:06 Western Bulk ASA sells 100% of subsidiary WB Chartering to Kistefos AS
17:47 Average wholesale prices for М-100 HFO up to RUB 3,307 in RF spot market
17:25 Throughput of Kavkaz down 20% to 1.11 mln t in Jan'16
17:04 Krishnapatnam Port marks a new milestone with Hanjin's first service call
16:51 Throughput of port Odessa (Ukraine) down 19.2% to 1.64 mln t in Jan'16
16:26 Freeport of Ventspils authority invites to apply for acceptance of hazardous waste from vessels (scrubbers) at the Port of Ventspils
16:04 New offshore vessel to be fitted with Cathelco Ballast Water Treatment System
15:48 Shipyard Lotos signs contracts for construction of vessels worth over RUB 1.5 bln (photo)
15:34 CMA CGM upgrades fleet and offers new transport solutions to Northern Europe
15:19 Most extensive project regarding reconstruction and building of access roads of the Port of Ventspils is finished
15:02 AMSA prohibits vessel from using Australian ports for second time
14:50 Throughput of Ukraine’s seaports down 21.7% to 8.83 mln t in Jan'16
14:25 South African Navy welcomes new Damen ATD Tug 2909 into fleet
14:02 VOS Sugar joins Vroon fleet
13:40 Throughput of port HaminaKotka (Finland) down 4% to 1.1 mln t in Jan'16
13:13 New passenger terminal building at port Korsakov (Sakhalin) to be put into operation in 2018 (graphics)
13:02 Hambantota Port Welcome largest cruise ship