• 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 22

18:09 Bureau Veritas Singapore Laboratory achieves LEED Gold Certification
17:53 NCSP Group and Metallonivest to build specialized bulk cargo terminal
17:30 First vessel makes a call to DP World's new container terminal in Jebel Ali
17:00 Hapag-Lloyd temporarily suspends the Central China Service
16:58 Andrey Lavrishchev takes part in the meeting of the Marine Board under the Government of the Russian Federation
16:50 Marine Arctic School opens at Murmansk State Technical University
16:04 CMA CGM announces Rate Restoration Program from Mediterranean to Asia, Middle East Gulf, India and Pakistan
15:34 CMA CGM announces Rate Restoration Program from all Asian ports to Middle East Gulf ports
15:02 Gulf Craft to invest in new shipyard in Dubai Maritime City
14:49 Dredge Yard supports II International Forum of Dredging Companies as its Sponsor
14:36 Containerships and OPDR offer a semi-direct service from Agadir, Morocco to St. Petersburg
14:28 Boskalis supports II International Forum of Dredging Companies as its Sponsor
14:09 "New Tango" Service brings additional Post-Panamax vessels to Charleston
13:59 Passenger Port of St. Petersburg "Marine Façade" welcomes M/S Marco Polo for the fifth time in cruise season (photo)
13:32 WAN HAI to launch independent Pakistan-Saudi Arabia Express service
13:00 CMA CGM upgrades its Cagema Main Liner service
12:46 MOL postpones General Rate Increase for cargo moving from Far East Asia to Europe
12:42 Anatoly Tsurkin appointed as Transport Minister of Crimea
12:30 CMA CGM upgrades its Cagema Inter Island Feeder service
12:09 Port of Long Beach container traffic up 7.3 percent to 629,771 TEUs in September
11:48 Employees of Crimean ports to be trained at Tuapse port
11:09 MSC, Great White Fleet, Chiquita Brands start new reefer service ‘Central America Express’
10:52 Bunker prices at port St. Petersburg go down in early 43rd week (graph)
10:28 Estonia and Sweden have common views on Baltic Sea security
10:09 Hapag-Lloyd to merge the New York Express and South China Express
09:50 State committee accepts tugboat MB-135 of project PE-65 built by Pella shipyard (photo)
09:36 G6 Alliance announces Asia - U.S. West Coast Winter Program
09:28 Oil price up to $86.22 in London and down to $82.81in New York
09:16 Baltic Dry Index up to 1,090 points

2014 October 21

18:26 Katoen Natie Singapore held opening ceremony of Jurong Logistics Terminal Phase 4
18:03 Throughput of Neva-Metal (Saint-Petersburg) up 14.2% to over 2.4 mln t in Jan-Sep’14
17:59 IAA PortNews updates dredging tenders announcements
17:51 LUKOIL posts Jan-Sep net profit of RUB 230.78bln
17:22 Mordraga supports II International Forum of Dredging Companies as its Sponsor
17:10 Dryships announces latest developments
16:48 Shipyard Pella (Leningrad region) delivers tugboat Griphon-8 of project 90600 to customer (photo)
16:30 TRIYARDS acquires shipbuilding and fabrication companies Strategic Marine and Strategic Marine in Vietnam
16:09 De Hoop announces departures of PSV Delta Admiral for seatrials to Rotterdam
15:42 International Association of Dredging Companies (IADC) supports II International Forum of Dredging Companies as its Partner
15:31 Qatargas celebrates 5000th loading by Ras Laffan Terminal Operations
15:20 Bunker prices at Far East ports continue sinking in early 43rd week (graph)
15:03 The ports of Calais, Cork and Moerdijk receive recognition for high environmental standards
14:45 Jan De Nul Group supports II International Forum of Dredging Companies as its Sponsor
14:31 Containerships SIA and Silvirom OU sign a partnership agreement
14:03 CKYHE Alliance files agreement and reports to related regulators for expansion of cooperation scope to U.S. trades
13:43 Damen supports II International Forum of Dredging Companies as its Sponsor
13:31 Nippon Yuka Kogyo's ballast-water management system receives approval from MLIT
13:15 Zamakona Yards delivers a second tuna freezer vessel to the Jadran Group
12:50 TransContainer reports its financial results under Russian Accounting Standards for 9M’14
12:34 Van Oord supports II International Forum of Dredging Companies as its General Sponsor
12:15 Oleg Valinsky appointed as head of Oktyabrskaya Railway
12:00 TransContainer announces 1.8-pct increase of transportation volumes to 1.09 mln TEUs in Jan-Sep’14
11:29 Dredging works scheduled for navigation period of 2014 fully completed in Sabetta
10:48 ASOP sees no dramatic impact of sanctions on throughput of Russia’s container terminals
10:14 Wilhelmsen Technical Solutions sets a new standard for LNG cargo containment systems
09:40 Baltic Dry Index up to 973 points
09:27 CMA CGM acquires 7,000 last generation Reefer containers
09:19 Oil price down to $84.91 in London and down to $82.91 in New York
08:23 IMO’s environment committee addresses implementation issues as ballast water management treaty nears entry into force
08:20 IMO’s Marine Environment Protection Committee approves Draft Polar Code