• 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 January 26

13:15 Nikolai Aleksandrov to head Arctic Transport Company (Yakutia)
13:02 Maersk Line gets new AEO number
12:40 Gazprom Marketing & Trading Singapore and Yamal Trade sign long-term contract for LNG supply
12:21 Port of Gothenburg posts throughput for 2014
11:59 Ed Davey marks ground-breaking of Siemens Hull development
10:43 Prime Minister of Russia signs Decree on moving Arkhangelsk seaport’s boundaries
10:10 Murmansk Commercial Seaport changes its name from OJSC to PJSC
09:50 Belfreight to supply drilling platform Prirazlomnaya with reusable offshore containers
09:24 Baltic Dry Index down to 720 points
09:08 Oil price up to $48.79 in London and up to $45.59 in New York

2015 January 25

15:36 Abu Dhabi Ports installs cutting edge terminal operating system
14:21 DP World orders new protoype pilot boat for Jebel Ali Port

2015 January 24

17:27 ITF East Asia action begins Monday
17:25 China Shipping Container Lines “CSCL GLOBE” (19.100 TEU) moored in the Port of Zeebrugge
17:22 Mojo and IKM secure EU Horizon 2020 Grant for development of a hi flo rov
17:21 The Council of the European Union backs European Shipping Week
17:16 Star Bulk announces the sale of M/V Star Julia for demolition

2015 January 23

18:29 EURONAV NV announces upsizing and pricing of IPO of shares in US
17:54 Marcon brokers sale of former “Google” barge “JMC 262”
16:35 Ammended Resolutions of PJSC NCSP’s Board of Directors
15:41 Klaipėdos nafta acknowledged as “The Most Visible Improvement over the Year”
15:03 COSCO (Zhoushan) Shipyard delivers 64,000 DWT bulk carriers to European and Asian buyers
14:23 Oman Drydock Company (ODC) set to unleash potential following 300th drydocking and first major conversion job
13:24 Belgian N.V. BESIX starts construction of a new deepwater berth in DCT Gdansk
13:10 MPI WTIVs continue work on E.On’s Amrumbank supported by new MPI Offshore Tees Base
11:30 Bunker prices at port St. Petersburg go down in late 4th week (graph)
11:04 Port of Rotterdam intensifies engagement in Austria and Central Europe
10:42 OOCL suspends Asia- East Med / Black Sea services
09:54 Deadlines of project “General-purpose port of Rostov” can be revised, Rostov Governor says
09:39 Baltic Dry Index up to 751 points
09:17 Oil price down to $48.52 in London and down to $46.31 in New York

2015 January 22

19:05 MABUX: Bunker prices to remain volatile, may end the week lower
18:26 Essar Ports Q3 FY15 net profit up 5% at Rs 98.3 crore
18:03 EUROGATE officially starts up its second wind turbine
17:58 Krylov Center branch to supply electric propulsion system for icebreaker of Project 21180 (graphics)
17:25 RF Ministry for Crimean Affairs to participate in II International Forum of Dredging Companies
17:03 MOL's newbuilding coal carrier Shin Yahagi Maru to serve Chubu Electric Power
16:31 Imtech Marine/Radio Holland equips the largest purpose-built floatel to date
16:29 DB Schenker and Maersk Line sign partnership agreement
16:00 Bunker prices at Far East ports changed in late 4th week (graph)
15:33 Fincantieri starts work on the first cruise ship for Regent Seven Seas Cruises
15:03 BMT introduces REMBRANDT-INLAND simulation tool for brown water training and collision reconstruction
14:49 Baltic LNG plant to be built near port Ust-Luga, Gazprom says
14:33 Crowley holds keel laying ceremony for the first of two LNG-powered ships
14:11 SCF Melampus set sail for Nigeria (photo)
14:03 Hyundai Heavy Industries localizes offshore facilities equipment
13:30 Container feeder service Femex1 adds Zeebrugge to the schedule
13:12 Rotterdam port bunker throughput up to 10.6 million tonnes in 2014
13:00 Freight rates of Kerch ferry service to be decreased, head of Crimea says
12:57 Damen declared ‘Best Overall Builder of the Year’ by Work Boat World magazine
12:29 Hiab to launch its biggest crane to date
11:59 UK rail companies interested in “Rail Baltica” project
10:43 Cargo transportation by Ukraine’s water transport up 3% to 6 mln t in 2014
10:18 Throughput of Sevastopol seaports down 65.6% to 2.22 mln t in 2014
09:56 Throughput of Baltic Coal Terminal (Latvia) down 23% to 3.32 mln t in 2014
09:29 Baltic Dry Index up to 770 points
09:14 Oil price up to $49.03 in London and up to $47.78 in New York

2015 January 21

18:05 ABS awards AIP for next-generation HD12000 Drillship
17:51 Throughput of Big Port St. Petersburg up 6% to 61.1 mln t in 2014
17:46 Aegean plans to inaugurate its marine fuel marketing office in Russia