• 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 November 25

18:18 Throughput of Ust-Luga Oil terminal to grow by 16%, year-on-year, to 28 mln t in 2015
17:49 Railway line towards Sabetta seaport to be built in Yamal-Nenets Autonomous District
17:20 Murman is heading for port Stavanger (photo)
17:05 MacGregor wins several orders for Pusnes deck machinery in South Korea
16:35 Wärtsilä Ship Design to supply design for offshore vessel conversion
16:05 Kalmar gets an agreement to supply seven RTG cranes to the new Terminal a Conteneurs 3 in Casablanca
15:42 Port of Antwerp is a central hub for Russian trade and industry
15:28 Marshalls wins CILT Safety Award with HIAB cranes
14:34 UCL Holding signed Sister-port Agreement between OJSC “Sea Port of Saint-Petersburg” and the port of Guangzhou (China)
14:11 Klaipeda Seaport cargo handling up 9.3% to 28.92 mln t in 9M’15
13:46 Further EU funding of Rail Baltica project have been secured
13:08 Net income of Rosneft up 16.1% to RUB 303 bln in 9M’15
12:50 Vladimir Putin signs Law on Ratification of Agreement on Preservation of Caspian Sea Biological Resources
12:33 Proposals developed during IV Murmansk International Business Week will be directed to RF Govt
12:10 Navig8 Solidarity joins the Alpha8 Pool
11:51 Tax relief approved in Primorje for PDA and Free Port residents
11:26 ClassNK releases draft amendments to container ship rules
11:24 Stena Bulk places order for three 50,000 dwt IMOIIMAX MR tankers
11:05 Hapag-Lloyd to revise Inland Haulage Tariff from/to Benelux
10:10 Brent Crude futures price up 0.54% to $46.34, Light Sweet Crude - up 0.95% to $43.06
09:49 Bunker prices at port St. Petersburg go down in 48th week (graph)
09:26 Three icebreakers to provide escort services at Astrakhan and Olya seaports (photo)
09:08 Baltic Dry Index up to 528 points
08:02 PrimeServ wins retrofit contract from Royal Caribbean Cruises

2015 November 24

18:31 Metal Shark delivers 55′ port security fireboat to Plaquemines Port
18:05 Nippon Foundation’s Sasakawa receives International Maritime Prize
17:59 MacGregor receives order for cargo access systems on world's largest commercial RoRo carriers
17:57 Sharjah Ports Authority takes delivery of a Damen ASD Tug 2411
17:35 Cargotec's MacGregor reaches a settlement agreement and will book EUR 11 million cost
17:20 Lithuania and China seal accord to set up a joint venture providing forwarding and logistics servicevs
17:05 Abu Dhabi Ports starts welcoming cruise liners at Sir Bani Yas Island
16:35 IACS Secretary General visits RS
16:31 Stena Bulk invests in more IMOIIMAX tankers
16:13 Rosmorport announces tender for maintenance dredging at port Ust-Luga
16:05 Vessels Ardmore Chippewa and Ardmore Seahawk join Ardmore fleet
15:40 UNFCCC publishes a Synthesis Report analysing the impact of the pledges made by 146 nations to reduce CO2 emissions
15:38 Grandweld delivers one dive maintenance & support vessel “TAWAM1” to ADNOC
15:34 Concordia Maritime inks contract for the charter of an IMO2/3 class MR tanker
15:12 Swire Pacific Offshore wins the Environment Protection Award at the Seatrade Maritime Awards Asia 2015
14:29 Bunker prices in the Far East ports slightly up in early 48th week (graph)
14:12 Abu Dhabi Ports wins People Development Award At IBJ Awards
13:55 Pella shipyard completes state trials of tugboat Afalina (Project 16609) built for Russia’s Black Sea Fleet (photo)
13:33 Abu Dhabi National Oil Company accepts delivery of DM&SV "Tawam1" from Grandweld Shipyard
13:31 Hapag-Lloyd adds three port calls to its Europe-Australia Service
13:14 Far Eastern Shipbuilding and Ship Repair Center to build two multi-functional ice class ships costing RUB 11.5 bln each for Rosneft
13:01 The Port of Savannah adds Peruvian avocados to perishable imports
12:31 Cammell Laird signs contract to build NERC’s new £200m polar research ship
12:25 Multipurpose salvage vessel Murman leaves Wismar for Murmansk (photo)
12:01 CMA CGM offers direct links between La Reunion Island, Europe and Australia
11:47 Lena United River Shipping Company plans spending RUB 850 mln on repair and construction of ships
11:29 IMO Assembly opens for 29th session
11:25 Dorian LPG announces delivery of the Chaparral
11:21 Fifth annual International Forum “Arctic: Today And The Future” to be held in Saint-Petersburg on December 7-9
10:59 Inland water transport of Russia carried 11.3 mln t of cargo in navigation period of 2015
10:38 Hydrocarbon production volumes of Gazprom Neft up 22.2% Y-o-Y to 436.42 in 9M 2015
10:07 Brent Crude futures price up 0.18% to $45.05, Light Sweet Crude - up 0.73% to $42.06
09:45 Gazprom Neft posts 9M’15 net income of RUB 130.9 bln, up 6.2% Y-o-Y
09:19 Baltic Dry Index up to 516 points

2015 November 23

18:36 Hapag-Lloyd to revise the Canadian import and export inland tariffs
18:06 Fujian Southeast Shipbuilding holds keel-laying ceremony for VOS Start