• 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 April 16

17:57 Odessa Commercial Sea Port to boost capacity to 10-12 mln t of grain by 2015
17:31 Damen developed conceptual design for Arctic class LNG-powered vessel
16:40 CIMC Raffles delivers "HYSY 932" jackup drilling rig
16:23 Atomflot to work with major clients under long-term contracts
16:22 Coast Guard monitoring damaged drilling rig in Gulf of Mexico
15:17 Throughput of port Gdansk (Poland) up 5% to 8.01 mln t in QI'14
15:09 IMB warns of new charter party fraud tactics
14:40 RF Border checkpoint at Sabetta to be opened by July 1, 2014
14:08 BHP Billiton announces the appointment of Non-Executive Director
13:08 MSC Mediterranean Shipping Company announces GRI on the Panda and Wallaby services from the Far East to Australia
12:39 Tender on construction of support fleet for Gazprom Neft New Port terminal can be announced in 2014
12:26 Havyard to construct hybrid battery powered Arctic PSV
12:12 Subsea platform to be used at Shtokman field, Gazprom says
12:08 MARAD celebrates groundbreaking for final stage of $50 mln Port of Guam expansion project
11:49 Zamakona Yards wins to build Voith Schneider tug for Haifa Port
11:32 Oil shipments from Novoportovskoye field via sea terminal at Kamenny Cape (Yamal) to commence in 2016 (map)
11:09 Golden Ocean to buy ice class Panamax vessel
10:57 Rosmorport announces tender for dredging at port Novorossiysk and oil terminal Sheskharis
10:30 Ensco orders two ENSCO 140 series jackups
10:21 Baltic Dry Index down to 970 points
10:08 MSC Mediterranean Shipping Company announces GRI on cargo from Asia to the Caribbean
09:54 Bunker prices at port St. Petersburg slightly down in early 16th week (graph)
09:46 Cargo transportation by North-Western Shipping Company down 8% to 1.42 mln t in QI'14
09:38 Wreck-removal convention to enter into force
09:19 Oil price down to $108.74 in London and down to $103.75 in New York
08:37 OW Bunker and Genoil to build upgrader in Rotterdam

2014 April 15

18:21 DP World honours best performing vendors at Jebel Ali port
17:44 ClassNK opens new exclusive survey office in Belem
17:30 Award of contract for construction of two nuclear icebreakers of project 22220 postponed till May 7, 2014
17:12 Two river-sea oil tankers of project RST 22M are to be built to the Russian Maritime Register of Shipping class
16:47 Rosmorport and Krasnoye Sormovo shipyard sign contract for construction of three dredging vessels
16:34 Hapag-Lloyd stops Baltimore call on its A-Service (ATA)
16:22 Draft law on development of Russia’s Arctic shelf to be elaborated in 2014
16:11 Solstad Offshore signs Letter of Intent for the construction and operation of a large subsea construction vessel
15:49 Throughput of NCSP Group down 9.2% to 33.6 mln t in QI'14
15:30 Anna Fomenko appointed as Director of Rosmorport’s Azovo-Chernomorsky Basin Branch (photo)
15:28 AOM gets contract modification worth $32 million for operation, maintenance of Navy's Ro-Ro ships
15:11 Cruise vessel Scenic Gem performs well during river trials on the river Rhine
14:53 COSCO (Dalian) Shipyard delivers a bulk carrier of 57000DWT, "GUOTOU 108", to its Asian buyer
14:50 Bunker prices in Far East ports declines in early 16th week (graph)
14:48 Lloyd’s Register report predicts fast LNG bunkering development
14:28 Coast Guard, TP&W recover body in San Antonio Bay
14:01 Rolls-Royce to supply anchor handling equipment for four ocean going tugs for ALP Maritime Services
13:31 Russian Maritime Register of Shipping expands participation in offshore projects
13:22 Port of London Authority's David Phillips: “The real security question very often is more prosaic”
13:00 Kiel’s new cruise ship passenger pavilion takes shape at Berth No.1
12:48 Rosneft: Infrastructure of Northern Sea Route does not meet required standards
12:31 Maersk Line to stop all service to and from Muscat
12:20 Rosneft says 3 icebreakers are required for operation in the Kara Sea
12:11 Port of Rotterdam and TOC Worldwide join hands to promote cooperation across international supply chains
12:00 Topaz Energy secures contract in West Africa
11:40 TTS Group signes a contract for a new container terminal in USA
11:31 Rosneft needs 300 support vessels for development of fields in the Kara Sea
11:20 Corvette Stoiky completes sea part of official tests (photo)
11:10 Fishing vessel Taurus joins the Russian fleet
11:04 Rosneft to start drilling at Universitetskaya field (Kara Sea) in August 2014
10:12 Hapag-Lloyd changes terminal on its Asia - Europe Loop 6 service
09:58 Drydocks World to build highly specialised CJ 54 Jack-Up Drilling Rigs
09:29 Throughput of port Helsinki (Finland) up 3% to 2.4 mln t in QI'14
09:15 Oil price up to $109.07 in London and up to $104.05 in New York