• 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 September 2

18:06 Deep Sea Supply takes delivery of the newbuilding Platform Supply Vessel
17:58 Rosneft and ExxonMobil start field studies in shelf area of Laptev Sea
17:47 Throughput of Neva-Metal (Saint-Petersburg) up 19% to some 2.2 mln t in Jan-Aug’14
17:32 MSC Mediterranean Shipping Company announces BUC on cargo from Adriatic/West Med. to South Africa & Mozambique
17:20 Bunker prices at Far East ports down in early 36th week (graph)
17:08 MOL pledges emergency support to combat spread of Ebola in Liberia
16:40 Oil product exports via RPK-Vysotsk-LUKOIL-II up 8.8% to 8.51 mln t in Jan-Aug’14
16:32 MSC Mediterranean Shipping Company announces BUC on cargo from North Europe to South Africa
16:08 NYK opens new planning center in Kumamoto
16:07 IMR picks Optimarin BWT system for its new RV Dr Fridtjof Nansen
15:50 Damen completes a major upgrade of a Keppel Fels ‘N’ Class drilling rig within schedule
15:50 Baltic Fuel Company obtains approval of Saint-Petersburg Administration for land reclamation at Turukhtannye Islands (picture)
15:32 Statoil and DNV GL to drive subsea factory interface standardisation
15:23 Throughput of Port Vysotsky up 12.6% to 3.55 mln t in Jan-Aug’14
15:11 Palmaly Group takes delivery of Shovket Alekperova, seventh tanker of project RST22M (photo)
15:09 Mojo Maritime’s HF4 demonstrates stunning Dynamic Positioning performance and manoeuvring characteristics
14:53 IAA PortNews offers exclusive services
14:31 Wärtsilä and Yuchai joint venture inaugurates new medium-speed marine engine factory in China
14:09 AIDA Cruises has been voted Germany's most family-friendly cruise company
14:09 Khalifa Port Container Terminal ranks fifth in annual EMEA Port Productivity report
13:31 Prologis to develop logistics facility at Prologis Parc Venlo at Trade Port North
13:08 The Panama Canal Authority certifies Verified Emission Reductions or carbon credits
12:46 Marine Façade (Saint-Petersburg) saw 6 cruise ships on August’31
12:32 MSC Mediterranean Shipping Company announces BUC on cargo to/from the Canaries
12:31 Post-Kogeko sets up business on Maasvlakte
12:08 Kleven Verft launches Exploration Support Vessel
11:45 CMA CGM to participate in WorldFood Moscow
11:24 Loading at Russian Railways network down 1.4% to 808.4 mln t in Jan-Aug’14
10:00 Ports of Auckland increases freight rail service to bring efficiencies
09:48 Samskip Van Dieren Multimodal introduces new rail connection between Scandinavia and France / Spain
09:30 RF Government publishes draft decree on construction of Kerch Strait bridge
09:07 Oil price down to $102.79 in London
08:31 Van Oord orders a new subsea rock installation vessel

2014 September 1

18:26 Visser & Smit Marine Contracting changes name to VBMS
18:06 Nautronix сommissions largest NASDive digital diver communications system
17:58 Official promises improvement of situation with depth at Russian IWW
17:50 Deep Sea Supply's AHTS fleet had an average gross income of approx. USD 23.300 per ship per day in August
17:06 MPE Interiors manufactures and fitted-out a new lorry drivers’ lounge for Stena Line’s ferry terminal
16:25 Taizhou Sanfu Ship Engineering holds keel laying ceremony for No.one 2400TEU container vessel
16:21 Hamburger Hafen und Logistik AG expands fleet of electric vehicles to 64
16:09 Imtech Marine Nav/Com partner for Ship owner Groen
15:59 Net profit of Novorossiysk Commercial Sea Port up 9.9 times to $137.9 mln in HI’14
15:15 Throughput of Baltic Coal Terminal (Latvia) down 8.4% to 2.77 mln t in Jan-Aug’14
15:05 JSC “Latvian Shipping Company” posts H1 2014 results
14:48 ClassNK and Nakashima Propeller announce world’s first installation of a CFRP Propeller on a merchant vessel
14:28 Kaliningrad Branch of Baltic Sea Ports Authority commences operation
13:52 Australia expands sanctions against Russia
11:35 Average wholesale prices for М-100 HFO up to RUB 11,755 in RF spot market
11:03 Acceptance commission accepts Pella's tugboat “RB-407”
10:36 Samsung Heavy Industries announces merger with Samsung Engineering
09:51 FESCO posts its 1H’14 loss of RUB 1.9 bln
09:30 Baltic Dry Index up to 1,147 points
09:14 Oil price up to $103.19 in London and up to $95.96 in New York
08:43 BIMCO launches new eLearning module on voyage chartering

2014 August 31

14:50 Pirates hijack Thai tanker off Malaysia
12:47 MCG completes acquisition of the Super High Resolution MC2D survey in the Hoop area
11:48 Port of Rotterdam posts improvement in container handling of inland shipping
11:15 Havyard to deliver the ship design and equipment for four anchor handling tug supply (AHTS) vessels
10:52 Hamburg Süd christenes container ship “San Christobal” in South Korea

2014 August 30

20:31 A.P. Møller - Mærsk A/S initiates first phase of share buy-back program