• 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.”


2015 September 2

18:26 Hapag-Lloyd to revise the Equipment Inspection Fee in Republic of Ireland
18:06 Hapag-Lloyd to revise the Equipment Inspection Fee in Northern Ireland
17:57 Coal exports via Rosterminalugol terminal hit 11 mln t milestone in 2015 (photo)
17:36 Global Cleantech Summit begins in Helsinki in a week
17:06 China Oilfield Services Limited to drill for the Rosneft and Statoil project in the Okhotsk Sea
17:04 DFDS Seaways reaches an agreement on the Dover-Calais route
17:03 MPI Workboats steps up presence in Sheringham Shoal windfarm
17:00 Van Oord to be present at the World Port Days in Rotterdam
16:39 Yantar Shipyard launches Navy's frigate Admiral Makarov (photo)
16:27 Containerships starts Black Sea Express service
16:05 Lukoil develops co-operation with Ford Sollers
15:41 Wasa Dredging Ltd rolls out new dredging equipment
15:26 Expert says multiplicative effect from investments into debottlenecking of Russia’s deepwater system could make RUB 1.3 trillion
14:33 General Electric to supply equipment for LNG plant under LNG-Gorskaya project
13:44 Gdansk Bulk Terminal expands its capacity
12:58 First commercial ship to call at Bronka on September 8, 2015
12:29 Azeri crude exports via port Novorossiysk up 37.3% to 930,670 t in 8M’15
12:00 New drone visual inspection technology demonstrated at Remontowa
11:32 Throughput of port Azov down 27.4% to 5.89 mln t in 8M’15
11:07 Hapag-Lloyd to implement Booking Cancellation Fee in Taiwan
10:56 Baltic Dry Index climbed to 911 points
10:38 Brent Crude futures price down 1.22% to $48.59, Light Sweet Crude – down 2.38% to $44.03
10:07 Hapag-Lloyd to increase rates from Italy to South America West Coast / Central America & Caribbean
09:59 Cargo clearance procedure simplified in Ukrainian seaports
09:42 Rosmorport announces tender for maintenance dredging at seaway canal of Kaliningrad
09:17 Nigel Smith becomes new CEO of DB Schenker Rail Netherlands
08:17 CMA CGM implements Operational Cost Recovery surcharge in Yemen
07:10 Philippines launches special edition of ICS Training Record Books
07:00 CMA CGM to implement new Port Congestion Surcharge in Shuwaikh, Kuwait
06:50 Wan Hai Lines announces “tariff Bunker Charge” for Transpacific trade

2015 September 1

18:18 Hans Nagtegaal to be the new Head of Containers at the Port of Rotterdam Authority
17:59 Cleaning vehicle delivered to port Bronka (photo)
17:20 Rosneft, Sberbank and Pietro Barbaro close the acquisition of Prime Shipping
17:04 Euronav signs USD 750 million credit facility for refinancing 21 vessels and financing four newbuilding VLCCs vessels
16:28 Baltic Fleet marines repelled naval assault of the simulated enemy
16:04 Aker Solutions to reduce the workforce capacity in its Norwegian subsea business
15:04 DNV GL announces the acquisition of Noomas Certification
14:31 Bunker prices in the Far East ports up in early 36th week (graph)
14:30 APM Terminals Pipavav starts new Ro/Ro service
14:02 Sovcomflot’s Zaliv Aniva delivers to Japan 400th cargo of oil (photo)
13:40 Alexander Novak has been elected Chairman of Transneft BoD
13:19 Nadezhda sailing ship celebrates Day of Knowledge
12:56 FSUE “Rosmorport” General Director takes part in discussion of Vladivostok seaport infrastructure development
12:28 Gazprom posts HI’2015 net profit of RUB 691.3 bln (+49%, year-on-year)
11:34 Loading at Russian Railways network down 1.4% to 796.8 mln t in 8M’15
11:09 Pacific Exploration & Production announces changes to its Board of Directors and nomination agreement with ALFA and the O'Hara Group
10:27 Brent Crude futures price down 2.44% to $52.83, Light Sweet Crude - down 2.62 to $47.91
10:09 Hapag-Lloyd to revise the Terminal Handling Charges in Fiji
09:58 RF Transport Ministry starts developing mechanism for non-admission of substandard ships to seaports of Russia
09:00 China Merchants Holdings posts interim results for the period ended 30 June 2015
08:52 Sembcorp Marine Subsidiary SMOE secures an EPC contract to build three topsides for the Culzean Field Development in the UK North Sea

2015 August 31

18:04 Rosneft posts financial and operating results for Q2 2015
17:48 Mir sailing ship participates in Sail de Ruyter 2015
17:34 CMA CGM posts Q2 2015 results
17:04 CMA CGM, Bolloré and CHEC obtain the Kribi Container Terminal concession for a period of 25 years
16:59 Michael Giresi named senior vice president & chief information officer for Royal Caribbean Cruises
16:57 HELCOM meets EU Commissioner for Research
16:56 Port of Rotterdam Authority wants to construct a deep sea port in Indonesia
16:51 Rosneft announces 2-pct increase of HI’15 production of hydrocarbons
16:34 Hapag-Lloyd to increase rates from North Europe to USA, Canada and Mexico