• 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 November 20

18:06 Shipping must be economically sustainable if it is to deliver on environmental sustainability, ICS tells OECD
17:51 Port of Goole supports region’s green future
17:29 Government of Germany сontinues support to WMU
17:06 Sokhna World Zone project presented to investors in Dubai
16:44 Sovcomflot posts operating profit over 9M’17 rising by 50.5% to USD 131.2 million
16:18 New sugar terminal to be constructed at the Port of Gdansk
16:00 Wärtsilä to deliver high efficiency and low emissions for new Viking Line ferry
15:55 Azerbaijan Caspian Shipping Company expands its activities in foreign waters
15:30 IMO takes part in Green Ship Technology North America Conference
15:04 Cammell Laird issues EU worker statement
14:46 Port of Klaipeda (Lithuania) handled 35.12 mln t of cargo in 10M’17, up 5.5% Y-o-Y
14:29 National Fish Resources to invest RUB 3-4 bln in creation of a fishery cluster in the Kaliningrad Region
14:08 RS class: gas carriers “BORIS VILKITSKY” and “FEDOR LITKE” delivered to the customer
13:37 Average wholesale prices for М-100 HFO up to RUB 12,821 in RF spot market
13:14 Damen launches cutting-edge Fishery Research Vessel for Angolan Fisheries Ministry
13:01 Optimarin shakes up BWT sector with unique promise for shipowners
12:43 IMO’s Jan De Boer participated at the LNG Ship/Shore Interface Conference in London
12:22 International seminar on mutual cooperation between IMO, WMU and KMOU held in Busan, Republic of Korea
12:01 Maersk Line and Damco deliver a block train solution for Decathlon
11:36 JMSDF’s destroyer Hamagiri arrives in Vladivostok
11:12 Onezhsky Shipyard launches floating bridges built for a residential area in Petrozavodsk (photo)
10:50 Container throughput of port Hong Kong (China) up 7.7% to 17.26 mln TEUs in 10M’17
10:24 Brent Crude futures price down 2.09% to $45.08, Light Sweet Crude – down 0.16% to $56.62
10:05 Nonius Engineering supports “Hydraulic Engineering Structures of Water Transport” Congress as its Sponsor
09:43 Commercial Sea Port of Ust-Luga performs unique unloading operation (photo)
09:20 Baltic Dry Index up to 1,371 points
09:08 EU NAVFOR’s Italian ship Virginio Fasan chases and captures suspected pirates
08:18 First shipload of liquefied natural gas to Northern Finland delivered to Manga LNG terminal

2017 November 19

17:31 Wison signs MOU with Shanghai Electric for medium large floating LNG power solution
17:22 Tomini Shipping places order for three Kamsarmaxes
17:15 Shareholders of Teekay Tankers and Tanker Investments approve proposals to permit merger
17:12 Cruise Gate Hamburg announces record growth for 2017

2017 November 18

06:35 Brisbane wins Port of the Year 2017
06:30 Polarcus secures fully prefunded multi-client project in Australia

2017 November 17

18:06 Swiber's subsidiary placed into bankruptcy by the District Court of Helsinki
17:55 Pacific Fleet warships arrive in Chuk Samet port, Thailand
17:36 Damen supports team AkzoNobel in the Volvo Ocean Race 2017-18
17:20 Sevmash floated out nuclear-powered missile submarine Knyaz Vladimir (photo)
17:06 CMA CGM announces FAK rates from Asia to North Europe
16:45 Yantar Shipyard launches first trawler of Project SK-3101R for Kamchatka fishing company (photo)
16:26 DNV GL: Standardisation can help enable the digital transformation of shipping
16:00 Maersk Line appoints new president in North America
15:58 Onezhsky shipyard lays down Yury Maslyukov dredger of Damen TSHD 2000 design (photo)
15:26 IMO runs cooperation for oil spill preparedness in west, central and southern Africa
15:00 Special tactical exercises held at CPC Marine Terminal Tank Farm facilities
14:37 Water Transport newspaper will celebrate its centenary in 2018
14:02 NCC conducts yet another groundbreaking ceremony at the Port of Gothenburg Logistics Park
13:45 MSCC Bronka set to increase its heavy cargo transshipment capacity
13:32 Diana Shipping announces time charter contract for m/v Naias with Phaethon
13:14 Vostochny Port extends its collective labor contract for three years
13:02 Acta Marine's walk-to-work construction support vessel in final construction phase
12:30 Scottish Ports Group call for right infrastructure and planning conditions
12:01 Aker Solutions to provide umbilicals for three offshore Norway field developments
11:53 MOL's newbuilding coal carrier NAGARA MARU to serve JERA Trading
11:17 301 ships loaded with export coal left Rosterminalugol this year (photo)
10:53 Icebreaker Moskva set sail for seaport Sabetta (photo)
10:30 Brent Crude futures price down 0.29% to $61.18, Light Sweet Crude – up 0.24% to $55.27
10:08 ABS raises cyber awareness to marine insurance industry
09:45 Bunker prices go down at the Port of Saint-Petersburg, Russia (graph)
09:21 Baltic Dry Index down to 1,361 points