• 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 June 28

10:41 Fincantieri secures U.S. Navy LCU and T-ATS(X) design studies & analyses contracts
10:22 Austal delivers EPF 7 to U.S. Navy
09:58 Brent Crude futures price up 1.15% to $48.32, Light Sweet Crude – up 1.30% to $46.93
09:27 Baltic Dry Index up to 616 points
09:19 Rauma Shipyard secures its first Ro-Ro ferry contract worth EUR 68m

2016 June 27

18:43 USCG responds to tanker aground near Nunivak Island, Alaska
18:16 Port of Antwerp extends collaboration with North-Chinese university
17:51 Throughput of port Azov up 18.1% to 2.96 mln t in Jan-May'16
17:36 VOTL of Essar Ports is the best performing marine terminal in Kandla Port Trust
17:16 PSA launches living lab for port and logistics industry
16:52 Average wholesale prices for М-100 HFO up to RUB 8,379 in RF spot market
16:33 Free port regime will let Vanino attract over RUB 40 bln as investments
16:15 Sredne-Nevsky Shipyard completed body shell for second serial mine countermeasure ship being built for RF Navy (photo)
16:03 Maersk welcomes the Panama Canal expansion
15:34 MPA participates in second Port Authorities Roundtable held in Rotterdam to enhance collaboration
14:55 Port of Antwerp extends collaboration with North-Chinese university
14:17 TransCanada to present at J.P. Morgan Inaugural Energy Equity Conference
13:14 MOL Liner announces May 2016 KPI results for Asia region
12:49 Marine Façade (Saint-Petersburg) welcomed 15 cruise ships last week
12:10 HKND engaged Nicaraguan environmental NGO FUNDAR to develop the first Biodiversity Management Plans for the Nicaragua Grand Canal
11:51 ABB increases ship connectivity by opening its first Integrated Operations Center in Asia
11:05 Wärtsilä to power two new Indian dredgers
10:48 United Kingdom first to accept marine geoengineering amendments
10:30 Graduation ceremony held at Nevelskoy University’s Maritime College (photo release)
10:13 HRH Prince Charles places the final section of HMS Prince of Wales
09:47 Brent Crude futures price up 0.24% to $49.16, Light Sweet Crude – up 0.02% to $47.63
09:19 Baltic Dry Index up to 609 points
09:12 TPS secures two electric cranes order from Assiciated British Ports

2016 June 26

10:26 POSH Arcadia to provide accommodation support for Shell's FLNG Prelude
08:20 CMA CGM implements GRR from Asia to Panama, all Caribbean, Cuba & North Brazil
08:17 New traffic separation schemes off Western Australia
08:16 VOS Challenge joins Vroon fleet
08:15 Second Colombo International Maritime Conference kicks off in September

2016 June 25

22:18 Danish ships to be issued with digital certificates
21:59 Seaspan and the Foundation announced multi-year investment in the training of BC’s future shipbuilders
21:13 UK Chamber calls for ‘Free Trade Commission’ in wake of Brexit
20:34 Conrad Shipyard forms LNG business unit

2016 June 24

18:28 Subsea 7 announced vessel substitution, offshore Brazil
18:00 Vympel Shipyard lays down border patrol boat of project 1496М1 Lamantin for FSB coast guard (photo)
17:40 Two new ports with annual capacity of 5 mln t each to be built in Dikson (Krasnoyarsk Territory)
17:36 Largest and most powerful MAN B&W engine enters service aboard large boxship
17:24 NYK's Bulk Argentina rescues sailors in distress
16:24 Kiel is first German port of call for “Mein Schiff 5”
16:20 RS rules conform to the IMO goal-based standards
15:30 Zvezda Shipbuilding Complex features a concept of one stop shop for all state orders, says Dmitry Rogozin (photo)
15:02 Crowley to launch weekly LCL shipping service from Houston to 33 port destinations in the Caribbean Basin July 1
14:45 U.S. Navy takes delivery of LCS 8 from Austal
14:02 CMA CGM implements GRR from Asia to Red Sea
13:11 BS Offshore takes delivery of X-STERN, X-BOW wind farm SOV from Ulstein Verft
13:02 Jacques Vandermeiren is new CEO of Antwerp Port Authority
12:33 Damen wins best paper award
12:23 Skou appointed new CEO of Maersk Group
11:56 German towage specialist Bugsier adds first Damen ASD 2411 tug to its fleet
11:21 Austal secures contract to build the largest high speed ferry for Mols
11:00 Warships of the Northern Fleet perform antisubmarine tasks in the White Sea
10:37 LUKOIL shareholders approved dividend distribution based on the results of 2015 in the amount of RUB 112 per ordinary share
10:12 Brent Crude futures price down 4.3% to $48.73, Light Sweet Crude – down 4.43% to $47.91
09:55 Baltic Dry Index up to 596 points
09:39 LUKOIL shareholders elected the Board of Directors
09:24 Bad weather may disrupt Kerch Straits ferry operations