• 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 March 27

14:40 Free Port in Primorje to include 12 municipal territories
14:32 Epic Gas announces sale of two pressurised LPG carriers
14:08 PIL, COSCON, Wan Hai and Yangming launch second Far East -Middle East service
14:06 Two ASD 2411 tugs delivered to URAG
14:03 The municipality of Rotterdam extends the enforcement of the entry requirements for trucks visiting the Maasvlakte
13:19 Nigeria closes land and sea borders until midnight March 28 2015
12:29 Tuco Marine holds sea trials for the new 2015 ProZero 10.5m WBW Archipelago workboat
12:25 Bunker prices at port St. Petersburg go up in late 14th week (graph)
12:02 Russia names its first-ever candidate to compete for the IMO Secretary-General post
11:17 Kochetkovsky hydraulic engineering complex is ready to service vessels
10:49 Tanks of water treatment plant installed at port Bronka (photo)
10:19 COSCO secures contract for seven container vessels
09:42 European Dredging Summit 2015 to focus on dredging strategies, environmental monitoring to gain project approval
09:35 Baltic Dry Index up to 598 points
09:12 Oil price up to $59.19 in London and up to $51.43 in New York

2015 March 26

21:06 Bunker prices to continue on mixed trend next week
18:42 Hapag-Lloyd announces improved port call frequency for Port of Helsingborg
18:40 New built-for-stock Damen pontoons and workboats reach Rotterdam
18:08 North-Western Customs Administration considers inclusion of Big Port St. Petersburg into “Marine Portal” project
17:34 Long Beach, Los Angeles collaborate to improve cargo flow
17:04 Wärtsilä inaugurates new manufacturing plant in Porto do Açu, Brazil
16:43 ANO United Transport Directorate to open vehicle accumulation facilities at port Kavkaz and in Slavyansk-on-Kuban by holiday season
16:40 Konecranes introduces the next generation Agilon material handling solution
16:04 Swire Pacific Offshore celebrates the naming of two new vessels
15:53 Director General of Sredne-Nevsky Shipyard chairs the Council of composite cluster in St. Petersburg
15:41 MOL to withdraw an additional sailing on the Asia- Europe corridor
15:19 Bunker prices at Far East ports go down in late 13th week (graph)
15:04 Damen Shipyards Group becomes the latest member of the World Ocean Council
14:30 SMM delivers three portal cranes to Murmansk Commercial Seaport
14:28 Sino-Global signs Letter of Intent on vessel acquisition and terminates current securities offering
14:13 Finnish Seamen Union to enter into strike on Thursday 2nd of April
14:07 MOL's сoal сarrier to serve for Tokyo Electric Power
13:55 Yang Ming launches new container vessel “YM Excellence”
13:40 RS takes part in 5-th International Offshore Engineering Technology & Equipment Exhibition China Maritime
13:07 V International Forum «Transport security» gathers over 500 participants
12:22 Throughput of Klaipeda Seaport up 10.4% to 6.04 mln t in Jan-Feb’15
11:38 Marine Façade awarded “Best stevedoring company of 2014” in passenger operations category
11:05 Hapag-Lloyd announces last roundtrip voyage of CSAV Gulf Bridge Express Service
10:51 Hyundai Merchant Marine, Hanjin Shipping and Yang Ming Marine to launch a new FE - Latin America service
10:29 Volga Shipping Company opens cargo navigation on Niznaya Volga
09:50 Oil price up to $56.48 in London and up to $49.21 in New York
09:33 Baltic Dry Index up to 598 points
09:17 Sovcomflot posts net profit of USD 83.9 mln in 2014 vs. loss of USD 39.2 mln in 2013
09:05 German cruise ship Hamburg opens cruise season of Sochi (photo)

2015 March 25

19:06 Giant lock gates built by ZPMC for the port of Antwerp (photo)
18:22 London to host 10th Annual Conference FLNG 2015, June 8-11
17:18 Secretary-General promotes Maritime Ambassador scheme in Guatemala
17:15 Bibby Offshore secures a contract with the Moattama Gas Transportation Company
16:40 State commission accepts patrol boat of project 03160 built by Pella Shipyard for Baltic Fleet
16:03 Wärtsilä selected to Ethibel Sustainability Index Excellence Europe
15:31 RF Transport Ministry opposes exclusion of small-size vessels from Transport Security Law
15:03 The CMA CGM VOLGA enters the CMA CGM fleet
14:45 Construction costs at Russian shipyards are well above customers’ demand price, Ministry of economy says
14:30 Royal Caribbean expands deployment and investment in China vacation market
14:03 ABS updates guidance on LNG as fuel & LNG bunkering in North America
13:40 RF shipbuilding recovery tasks set up by Vladimir Putin fulfilled by less than 50%, Dmitry Rogozin says
13:36 Icebreaker Murmansk for the Russian Ministry of Transport launched today at Arctech Helsinki Shipyard (photo)
12:52 Hyundai Heavy Industries integrates overlap of functions
12:28 Oleg Kozhemyako appointed as Acting Governor of Sakhalin Region, Aleksandr Kozlov – Amur Region Governor
11:32 Bunker prices at port St. Petersburg go down in 13th week (graph)