• 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 August 29

18:30 Uson Marine AB adds the Uson Clean Pilot to its marine waste management portfolio
17:55 Sovcomflot reports strong first half 2014 results
17:40 Baltic Customs bans import of 528 consignments of sanctioned cargo exceeding 13,900 t
17:31 Uson Marine offer functionality from the Environmental Navigator for GPS Discharge Control system forfood waste
16:24 Kiel Port cargo and passenger handling rise by 3% in first half 2014
15:13 Rickmers Group posts Interim Report H1 2014
14:10 China Rongsheng Heavy Industries announces 2014 interim results
13:58 Zelenodolsk Shipyard launches serial production of non-self-propelled dry cargo barges of project 3136 (drawing)
13:31 Rolls-Royce to supply offshore cranes for Brazilian Platform Supply Vessels
13:10 CNOOC posts 1H 2014 results
12:47 Bunker prices at port St. Petersburg up in late 35th week (graph)
12:30 Skangass granted permission for LNG Terminal
12:19 Baltic Dry Index up to 1,119 points
12:00 Daihatsu joins ClassNK Research Project on Cloud-based Maintenance System “ClassNK CMAXS LC-A”
11:58 Government of Western Australia to sell port handling facilities in Port Hedland and Kwinana in the first round of asset sales
11:03 Port Bronka starts recruiting process
11:00 Cargo operations resume at the Port of Long Beach
10:53 Divex gets contract to supply a saturation diving system for the BP Exploration Shah Deniz II Project in the Caspian Sea
09:57 Bunker prices at port Novorossiysk steady in late 35th week (graph)
09:33 Oil price down to $102.46 in London and up to $94.55 in New York
09:15 Nevsky Shipyard to build passenger and cargo self-propelled ferry for «Lenavtodor» (photo)

2014 August 28

18:25 Frontline announces a net loss of $78.2 million in Q2 2014
18:06 Van Oord present at World Port Days in Rotterdam
17:21 Euronav NV posts H1 2014 results
17:04 China Merchants Holdings container volume up by 18.1% to 38.52 million TEUs in 1H 2014
17:00 Bunker prices at Far East ports still high in late 35th week (graph)
16:53 KONGSBERG to supply integrated control and safety system, E-House and electrical system for BW Offshore Catcher FPSO
16:51 Viking Supply Ships finances a new Search and Rescue vessel in Kristiansand
16:23 Wärtsilä signs long-term maintenance agreement to support Harvey Gulf’s LNG offshore supply vessels
15:56 Global bunker markets to see mixed price movements next week
15:40 Throughput of port Gdansk (Poland) up 8% to 17.726 mln t in Jan-July’14
15:14 Port Metro Vancouver posts a 3.6% growth to 69 million tonnes of cargo in the first half of 2014
14:59 LUKOIL launches new ecological marine fuel (presentation)
14:34 KKR and Borealis Maritime acquire nine ships from Commerzbank
14:13 Panama Canal opens Second International Maintenance Congress
13:57 Admiralty Shipyards launches third submarine of project 636 (photo)
13:13 Bureau Veritas posts H1 2014 results
12:43 DP World profit grows 41 % in first six months of 2014
12:32 Construction of cable tunnel commenced at port Bronka (photo)
12:13 Peter G. Livanos becomes Euronav Chairman
11:46 "Rosneft" completely restored meteorological observations system in the Kara Sea
11:03 Imtech sells investment in IHC Systems
10:39 Storm halts vessel operations at the Port of Long Beach
09:55 Pacific Drilling announces ultra-deepwater drillship Pacific Sharav begins contract in U.S. Gulf of Mexico
09:27 Oil price up to $102.72 in London and up to $93.88 in New York
09:13 Baltic Dry Index up to 1,063 points

2014 August 27

18:13 Clarkson Research to exhibit at the International Trade Fair in Hamburg
18:04 Drydocks World to participate in the SMM 2014 Maritime Industry Exhibition in Hamburg
16:15 Сontainer ship Vega Auriga banned from Australian ports
15:14 Alfa Laval wins SEK 240 million offshore pumping systems order in South Korea
14:31 Euroports sells its shares in Trilogiport Terminal to DP World
14:30 MacGregor gets new order from Stena Stena North Sea to convert the 29,800gt RoPax ferry
14:29 Bunker prices at port St. Petersburg down at 35th week (graph)
14:12 Golden Ocean posts Q2 and H1 2014 results
13:55 Border control and customs clearance procedure changed at port Kavkaz
13:37 Seaport Harbour Master Statute comes into effect in Russia
13:11 Wan Hai Lines announces Bunker Charge for Transpacific trade
12:53 Mikhail Ozheredov appointed as Deputy Director of Rosmorport’s Azov-Black Sea Basin Branch (photo)
12:01 Port of Stockholm container throughput up eight percent in August 2014
11:08 Alexander Medvedev takes part in the naming ceremony for LNG carrier in the city of Jinhae (South Korea)