• 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.”


2016 May 5

18:31 Production of diesel fuel in Russia up 6.6% to 24.965 million tonnes in Jan-Apr 2016
18:05 FAS prepared provisional tariff levels for Rosmorport's services
17:50 Production of HFO in Russia in Jan-Apr grew 13.4% to 19.942 million tonnes
17:15 Bureau Veritas acquires TMC Marine
15:16 The MSC Musica call kicks off navigation season in St. Petersburg Passenger Port (photo)
15:14 Ancona shipyard starts dry dock works on “Viking Sun” for Fincantieri
14:45 Russia's coal exports up 6.2% to 50.315 million tonnes in Jan-Apr, 2016
14:37 Bunkering volume at Vladivostok port and its offshore locations in April plummeted four times to 35,000 tonnes
14:14 European shipowners invite Commission to acknowledge emerging sustainable shipping practices in India
14:04 Russian crude exports rose 6% in Jan-Apr, 2016 to 84.922 million tonnes
13:24 Harley Marine starts construction of two harbor tugs
13:14 Jensen Maritime designs new tractor tug meeting Tier IV emissions standards
12:13 ICS pushes for balanced update of York Antwerp Rules
11:49 Four-month cargo volumes of Port Vysotsky jump 20.5% to 1.95 million tonnes
11:34 Four port operators pre-qualified for Panama Canal’s Corozal Port
10:12 Crude oil futures prices rise 1.41% to $45,25 in London and 2.01% to $44,66 in New York
09:49 CMA CGM implements ERR from all Asian ports to Mediterranean trades
09:12 Baltic Dry Index slides 4.40% to 652 points
08:55 Cargotec's Kalmar wins its largest ever crane upgrade contract
08:32 Yilport acquires 100% shares of Gävle Container Terminal

2016 May 4

18:59 The State Council approves establishment of Zhoushan River-Sea Intermodal Transport Service Center
18:57 Kalmar wins order for nine diesel-electric straddle carriers from EUROGATE Container Terminal Hamburg
18:53 Damen and Expedition Voyage Consultants team up to develop globally capable expedition ship
18:51 Damen opens office in the US
18:47 CMA CGM implements GRR from Asia to Red Sea
18:45 CMA CGM implements GRR from Mediterranean ports to Asia
18:37 Maersk posts profit of USD 1.6bn for Q1 of 2016
18:36 ABB to supply special transformers for the world’s most powerful wind turbines
18:34 Hapag-Lloyd to increase rates from East Asia to East Coast of South America
18:30 Diana Shipping announces time charter contract for m/v Alcyon with Norden
17:59 Damen Shipyards Group and GustoMSC introduce DG JACK
17:56 Damen Shiprepair Amsterdam undertakes project on the jack-up vessel Sea Installer
17:45 Admiralty Shipyards contracted to built ice class patrol ships for Defense Ministry
17:29 More Russian Far Eastern ports to join porto franco regime
16:17 Zvesdochka Shiprepair Centre's Sevastopol yard to repair high-speed catamaran Sochi-2 (photo release)
16:05 CMA CGM implements GRR from all Asian origins to North Europe destinations
15:08 Icebreaker NS 50 Let Pobedy escorts first ship in 2016, MV AUDAX with cargo for Yamal-LNG project (photo)
15:05 Maersk Line announces new Chief Human Resources Officer
14:41 Russian M100 product spot price gains last week to RUB 5,594/mt
14:39 E-marine announces maintenance contract win for Bay of Bengal Gateway
14:19 FESCO swings back into red, reports net loss of RUB11,5bn in FY2015
14:04 BMT delivers CFD study for oil major to calculate current coefficients
13:42 Amur region opens summer cruising season between Blagoveshchensk, Russia and Heihe, China
13:09 Crude exports through offshore CPC terminal in Novorossiysk rises 4% to 15,06 million tonnes
13:03 Security Council statement highlights IMO capacity-building work in Gulf of Guinea
12:19 Four month freight volume handled across RZD's rail network rises 0.9% to 395,3 million tonnes
12:09 Rosmorports imposes port security fee at Murmansk region's Port of Varandey
12:03 Navig8 Product Tankers Inc takes delivery of its sixth LR1 74k from STX
11:51 Keel-laying of 22800-series missile boat at Morye Shipyard slated for May 10
11:23 Four port operators pre-qualified for Panama Canal's Corozal Port
10:21 Keppel completes acquisition of LeTourneau
10:20 Cochin Shipyard lays the keel of the second double ended roro ferry
10:08 Crude oil futures price gains slightly to $45,08 in London and to $43,78 in New York
09:53 Lena United Shipping Company opens 2016 navigation season (picture)
09:31 Baltic Dry Index drops nearly 3% to 337 points

2016 May 3

12:53 CMA CGM implements Emergency Rate Restoration from all Asian ports to Mediterranean trades
12:51 MacGregor launches compact new Pusnes RamWindlass
12:48 European seafarers and shipowners oppose the sentencing of Captain Mangouras
12:27 Abu Dhabi Ports posts 31% volume surge in first quarter of 2016

2016 May 2

18:15 APM Terminals presents 10th Annual Global Safety Day