• 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.”


2017 May 25

15:02 RF Navy's Pacific Ocean Fleet detachment finished its visit to Jakarta
14:30 RF Ministry of Agriculture approves Strategy of sea terminals servicing fishing ships
14:15 Scorpio Tankers to merge with Navig8 Product Tankers
14:14 Norwegian Bliss' keel laying ceremony held at MEYER WERFT in Germany
13:37 NSAG joint venture wins contract to supply Integrated Platform Management Systems
13:21 Liability cover for Antarctic waters
12:40 New service for project cargo to the Arctic Ocean
12:39 DryShips announces delivery of its newbuilding Suezmax tanker
12:13 Cruise ship Costa NeoRomantica will make her maiden call at port Vladivostok on May 30 (photo)
11:39 Сore functions of London Protocol to participants at workshop in Accra, Ghana
10:55 Arctia strengthens its customer relations team
10:17 Gazprom Neft reports record net income for Q1 2017
09:46 Brent Crude futures price up 0.80% to $54.39, Light Sweet Crude – up 0.76% to $51.75
09:28 Baltic Dry Index down to 934 points
09:12 Keppel secures contract to build LNG carriers worth over S$100m
08:39 Nor Lines and Rolls-Royce sign landmark Power-by-the-hour service agreement
08:14 Wärtsilä propellers and shaft generator system chosen for two new RoRo vessels

2017 May 24

18:01 Finnish Business Community took over AEC Chairmanship at AEC Annual Meeting
17:55 Port of Hamburg’s total throughput up by 1.7 percent at 35.4 million tons in the first quarter of 2017
17:44 RAO/CIS Offshore to be held on 12 - 15 September 2017 in Saint-Petersburg, Russia
17:41 Piraeus Port Authority investment plans tabled at 4th Posidonia Sea Tourism Forum
17:37 Greece is open for cruise industry business says Greek minister at Posidonia Sea Tourism Forum
17:00 Hapag-Lloyd and UASC complete merger
16:26 Throughput of NCSP Group up 1.4% to 50.6 mln t in 4M’17
16:02 MOL starts initiative to develop enhanced operational support tool
15:37 VSM reports record number of merchant vessel orders received by German yards
15:02 Australia develops new blockchain security architecture TBSx3
14:35 Stolt-Nielsen Gas orders two small-scale LNG carriers, with options for three additional ships
14:02 Port of Oakland vessel calls to Southeast Asia up 50 percent
13:44 Port of Hamburg’s total throughput in QI’2017 was up 1.7% at 35.4 mln t
13:23 Vympel Shipyard launches fast patrol boat of Project 12150 Mangust for Sakhalin Border Department of Russia’s FSB (photo)
13:02 ABS launches new and completely mobile application from ABS Nautical Systems
12:31 Pharma logistics services expanding strongly in Antwerp
12:14 “K” Line announces delivery of woodchip carrier “FORESTAL GAIA”
11:49 OSC launches its VLCCs commercial chartering desk
11:17 World’s first LPG-fueled ferry design using GE gas turbine completes HAZID meetings
10:51 BC Ferries will take final acceptance and ownership of its newest vessel, Salish Raven, upon final inspection once the vessel arrives in B.C.
10:20 Brent Crude futures price up 0.22% to $54.27, Light Sweet Crude – up 0.17% to $51.56
09:58 Russian Railways set to facilitate implementation of BAM, Transsib and NLR projects
09:33 Indicative bunker prices go up at the port of Saint-Petersburg (graph)
09:15 Baltic Dry Index down to 949 points

2017 May 23

18:10 Passenger Port of Saint Petersburg welcomes maiden call of Mein Schiff 3
17:51 Spliethoff further extends its Medliner service to Sagunto, Spain
17:27 RF Navy's Black Sea Fleet practiced rescuing a crew of conditionally distressed submarine
17:06 Wagenborg installed the Bøkfjord bridge in Kirkenes (Norway)
16:44 Sovcomflot demonstrated TCE revenues of USD 274.4 million in Q1’17 amid tanker market slowdown
16:35 Keppel to build two additional dredgers worth S$120 million for Jan De Nul
16:22 CMA CGM launches service between the west coast ports of North, Central and South America
16:13 Severomorsk major landing ship of RF Navy’s Northern fleet finished completing tasks in the Mediterranean and entered the Atlantic Ocean (photo)
15:50 Ukraine’s water transport carried 3,000 passengers in Jan-April'17, down 3.3%, Y-o-Y
15:25 Accra, Ghana will host the Ports and Intermodal West Africa Conference on 17-19 July 2017
15:04 Vallianz scores new charter contracts worth up to US$ 115 million for 4 vessels
14:49 TTS Group signs new contract for naval vessels
14:21 Design of nuclear-powered icebreaker-leader discussed at the Krylov Centre
13:56 Igor Ponomarev elected as Director General of Severnaya Verf shipyard (photo)
13:29 Okskaya shipyard sent fourteenth tanker of Project RST27, Balt Flot 15, for sea trials (photo)
13:02 Essar Shipping acquires a Panamax vessel of 74,005 DWT
12:43 MOL sets sights on construction of LNG-fueled tugboat
12:07 Rashid Sharipov elected as Chairman of NCSP BoD (photo)
11:42 Bunker prices show no considerable changes at the Far East ports of Russia (graph)