• 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 25

11:28 Fourth of a total five purpose built offshore chasers enters service
11:23 Statoil takes on offshore operatorship in Australia
10:22 Diana Shipping announces time charter contract for m/v Triton with Glencore
10:14 Rickmers implements ECA surcharge
09:20 Kleven gets contract for building of unique vessel from diamond company De Beers

2014 October 24

18:38 Damen delivers the fourth of a series of five purpose built SRSVs
18:19 Diesel-electric submarine Vyborg joins Baltic Fleet upon completion of her technical readiness recovery (photo)
17:14 Port of Rotterdam throughput up 0.3% in Jan-Sept 2014
17:07 Nevsky Shipyard signs contract for construction of four rescue tugboats (graphics)
16:34 Orient Overseas (International) Limited posts Q3 2014 results
16:03 Busan Port Authority to conduct “2014 Busan Port Safe Korea Excercise”
15:34 WEC Lines enhances Portugal - UK service at Tilbury’s London Container Terminal
15:16 Sea Port of Saint-Petersburg allocates RUB 320.3 mln for implementation of its development programme in Jan-Sep’14
15:03 CMA CGM revises import THC in Mogadishu, Somalia
14:45 Fire extinguished at SOCAR's platform No441 of Narimanov oil and gas production department
14:31 COSCO (Dalian) Shipyard deliveres a 80,000 DWT bulk carrier to its European buyer
14:10 Lithuania’s goal – a unified transport supply chain connecting Asian and European continents
14:00 One of the Product Tankers in Vela fleet transferred to Bahri's ownership
13:22 Next generation Wärtsilä WST-14 steerable thruster design awarded exceptional classification approval
13:01 NewLead Holdings Ltd. announces time charter contract of the M/V Newlead Castellano
12:39 Port of Ilyichevsk (Ukraine) accepts first batch of 84,200 t of coal from SAR
12:02 Tuco Marine discloses the newest vessel in the ProZero series of Fast Rescue Boats
12:00 Denmark nominates Andreas Nordseth for the post as Secretary General of United Nations’ IMO
11:30 Deep Sea Supply takes delivery of the newbuilding Platform Supply Vessel
11:15 Sergey Frank elected as Chairman of United Shipbuilding Corporation’s BoD
11:00 A super luxury cruise ship launched at the Ancona shipyard
10:46 Bunker market of port St. Petersburg sees prices stabilization in late 43rd week (graph)
10:31 The Global Shippers' Forum call for transparency on reduced sulphur surcharges
10:05 Vroon announces the launching of two MPSV at Fujian South East Shipyard
09:53 Baltic Dry Index up to 1,155 points
09:53 APM Terminals refutes ITF statements on Aqaba Container Terminal
09:30 Bunker prices at Far East ports changed in late 43rd week (graph)
09:17 Oil price up to $86.83 in London and up to $82.09 in New York

2014 October 23

18:44 MABUX: Bunker prices to remain stable around today's level
18:06 P&O Ferries expands Teesport - Zeebrugge service
17:36 Kalmar launches its fifth generation Gloria reachstackers into the Americas
17:06 Bergen gets contract from Prosafe for berthing of the accommodation rig at Hanøytangen
16:30 MSC Mediterranean Shipping Company improves services from Northern Europe to Boston and Philadelphia
16:19 MHI-MME agrees to license propeller production & marketing to a chinese manufacturer
16:17 Port of Antwerp throughput up 3.7% to 148,344,168 tonnes in Jan-Sept 2014
16:01 Construction of crane runway begins at port Bronka (photo)
16:01 MacGregor reorganises into seven operative Divisions
15:39 Throughput of ADP Group’s stevedoring companies up 7% to 3.2 mln t in Jan-Sep’14
15:25 OW Bunker posts Q3 2014 Interim Financial report
15:00 Navigation within water area of Big Port St. Petersburg is banned for small-size vessels
14:41 Spetsmornefteport Kozmino equips its berths with telescopic boarding bridges (photo)
14:03 Kuwait Oil Tanker Company receives fourth and final DWT 47K MR tanker from HMD “Mutriba”
13:12 Participants of Intermodal Europe 2014 to tour Port of Rotterdam
13:00 Colombian maritime professionals to be trained in Antwerp
12:43 Wärtsilä posts Interim Report for January-September 2014
12:00 Navis implements Navis N4 terminal operating system at Modern Terminals Limited in Hong Kong
11:11 Rail cargo transportation by CIS countries down 2.5% to 1.51 bln t in Jan-Sep’14
11:00 NYK again included in FTSE4Good Index
10:24 Baltic Dry Index up to 1,136 points
10:09 Construction begins on Crowley’s new Commitment Class LNG-powered ConRo ships
09:48 Upper superstructure of ice-resistant stationary platform No. 1 is on its way to Caspian Sea
09:25 Deep Sea Supply and Petrobras extend the charter contracts for two PSVs
09:14 Total’s BoD named Patrick Pouyanné CEO and President of the Executive Committee (Photo)

2014 October 22

18:09 Bureau Veritas Singapore Laboratory achieves LEED Gold Certification
17:53 NCSP Group and Metallonivest to build specialized bulk cargo terminal