• 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 November 23

11:18 Royal Caribbean to transfer Majesty of the Seas to Pullmantur
11:13 Ulstein launches first vessel for Kuma
11:11 Statoil to cancel the Stena Carron rig contract
11:05 Chairman Drydocks World & Maritime World receives “Outstanding Achievement Award” from Lloyds List

2014 November 22

11:10 MSC U.K. wins the Shipping Line of the Year Award
11:07 Hapag-Lloyd suspends sailings on Central China 4 Service
11:03 Boskalis wins SponsorRing 2014 award
11:00 Vroon's tanker-assist vessel VOS Hera joins Aberdeen fleet
10:58 LUKOIL Board of Directors approves key indicators of corporate budget for 2015

2014 November 21

18:06 CSSC and Carnival Group sign memorandum of understanding
17:36 Havyard Ship Technology signs contract for two more icebreakers
17:05 CMA CGM announces General Rate Restoration from Asia to Mozambique on Mozex Line
16:46 Rosmorrechflot’s expert council approves Krylov Center’s design of new shallow-water icebreaker (photo)
16:04 Port of Gothenburg and eight shipping companies to join forces to increase the volume of paper and timber products
15:53 IMO adopts regulations to enhance safety of navigation in polar waters
15:50 CMA CGM announces General Rate Restoration from Asia to West Africa for all 20' containers
15:50 Dredging vessel of project TSHD 2000 to RS class laid down in Vietnam
15:05 Cochin Shipyard delivers the Fast Patrol Vessel to the Indian Coast Guard
15:04 FESCO Board of Directors approves new composition of Management Board
14:44 «Spasatel Karev» takes on board 21 crew members of a drilling platform «GSP Saturn»
14:39 Southampton named UK’s best cruise departure port
14:05 Golden Ocean reports loss of $11.7 million for the third quarter of 2014
13:48 Cargo transportation within Azov-Don River Basin up 0.6% to 13.76 mln t in navigation-2014 (photo)
13:04 Dr Helmut Sohmen retires as Chairman of BW Group and BW Offshore Boards
12:56 EPC in Oil and Gas 2015 to focus on management of major EPC projects in the industry
12:04 ZIM posts Q3 2014 results
11:46 Shipyard “Oka” to lay down multipurpose bunkering tanker of project 92800 on November 27, 2014
11:30 Integr8 Fuels hires several former OW Bunker group traders
11:04 Fincantieri signs agreements with Carnival Corporation and China State Shipbuilding Corporation
10:38 Drewry All Earnings Shipping Index surges 50% on tanker gains
10:35 Rosneft ships first oil from the Northern Tip of Chayvo field
10:22 Gazpromneft Marine Bunker boosts “on board” sales of marine fuel by 48% to 2.5 mln t in Jan-Sep’14
09:58 Baltic Dry Index up to 1,332 points
09:30 Oil price up to $79.33 in London and up to $75.85 in New York

2014 November 20

18:06 COSCO (Guangdong) Shipyard delivered a self-erecting drilling tender barge to Energy Drilling
17:36 Carnival Corporation reduces rate of CO2 emissions by 20 percent
17:06 ERS increases the frequency of its rail service between the port of Rotterdam and the CLIP Terminal near Poznan to 8 per week
16:41 JOC ranks Jebel Ali Number One over more than 480 ports worldwide
16:39 MOL implements General Rate Restoration from Asia to East Coast South America
16:36 Hapag-Lloyd announces temporary suspension of PA2 Service between US East Coast and Europe
16:33 G6 Alliance announces Pacific Atlantic Service adjustment
16:29 APM Terminals signs expansion plan for Tema
16:10 Creditreform updates the company rating of Rickmers Holding
15:49 Expert predicts mixed price movements in bunker market next week
15:33 Construction of building for state authorities commenced at port Bronka
15:05 Wison Offshore & Marine celebrates the undocking of the Caribbean FLNG facility in Nantong, China
14:51 Alexander Likhachev appointed as head of FSUE Rosmorport’s Sochi Branch Directorate
14:29 Transas Group to manufacture navigation and communications equipment for tankers under Yamal LNG project
14:10 Fred. Olsen Cruise Lines is ‘Best Value for Money’ three years in a row
13:04 Ulstein Verft’s largest vessel so far is under full production
12:47 Russian shipbuilders are behind leading global producers, RF Prime Minister says
12:30 Norwegian Cruise Line completes acquisition of Prestige Cruises International
12:12 RAS and FASO back up establishment of Arctic research center in Arkhangelsk
12:03 Rickmers-Linie implements ECA Surcharge for container
11:30 ECT orders three new quay cranes
11:11 Tugboat MB-134 built by Pella Shipyard completes sea trials
11:03 Damen patrol vessel starts Volvo Ocean Race Cape Town
10:49 CMA CGM launches the CITRUS EXPRESS service for seasonal exportation of fruits between East Med and Black Sea
10:32 Maher Terminals orders more Konecranes straddle carriers
10:11 Cargo transportation by Ukraine’s water transport up 5.2% to 4.9 mln t in Jan-Oct’14