• 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 December 6

18:02 Pella shipyard launches tugboat of Project 16609 built for RF Defence Ministry (photo)
17:40 Warship detachment of the Pacific Fleet finished its visit to the Kingdom of Thailand
17:19 Final planning conference on the Indra Navy, Russian-Indian exercise, was held in India
16:48 Throughput of Rostov-on-Don port up 15.1% to 18.41 mln t in 11M’16
16:14 Öresund Dry Docks selected to convert two ferries
15:47 Rosmorport announces tender for maintenance dredging at port Kavkaz
15:21 Icebreaker Novorossiysk leaves for sea trials in the Gulf of Finland (photo)
14:36 Latest IMO Member State accedes to further treaties
13:55 Bunker prices are still high in the Far East ports of Russia (graph)
13:19 Marine industry’s role in supporting UN Sustainable Development Goals addressed at Summit in Rotterdam
12:48 NCSP Group consolidated financial results for 9M 2016
11:57 First Norwegian vessel to comply with new IMO Polar Code
11:50 Leader class icebreaker is supposed to be built in Saint-Petersburg – USC
10:58 Ningbo Zhoushan Port сontainer throughput reaches 20 million TEUs on December 1st 2016
10:45 USC says delivery of icebreaker Victor Chernomyrdin scheduled for QIV’18
10:20 Brent Crude futures price down 0.78% to $54.51, Light Sweet Crude – down 0.98% to $51.28
09:59 CMA CGM announces FAK rates from North Europe, Malta, Cyprus and Greece to the Indian Subcontinent
09:51 Rosmorport’s Azov-Black Sea Basin Branch takes delivery of workboat Bata (photo)
09:16 Baltic Dry Index down to 1,196 points

2016 December 5

18:13 Siwertell wins International Bulk Journal Award
18:04 Throughput of Ukraine’s seaports down 8.3% to 120.71 mln t in 11M’16
17:48 Single-deck dry cargo vessel "Atameken" successfully completed sea trials
17:32 TTS Group ASA secures a new contract for cargo access equipment
17:11 Coal exports from Russia up 13.2% to 149 mln t in 11M’16
16:50 First batch of Taimyr coal produced by VostokUgol to be shipped on 15 June 2017
16:35 CMA CGM announces GRI from Asia to Panama, the Caribbean and Cuba on PEX2 service
16:03 Maersk Line announces new FAK rates from Far East to North Europe
15:52 Bibby Offshore wins significant North Sea contract with Shell
15:34 Russia's crude exports up 0.6% to 232.42 in 11M’16
15:17 International Chamber of Shipping welcomes the extension of EUNAVFOR Operation Atalanta
15:11 State customers’ cargo base in the Arctic to grow 4-5 times to 3.2-3.8 mln t by 2030
14:35 AS Tallink Grupp statistics for November 2016
14:13 Kalmar receives first order for newly launched range of empty container handlers
14:00 Container Terminal Saint-Petersburg spent RUB 6.1 mln on implementation of its social and environmental programmes in 9M’16
13:30 NYK establishes logistics company for finished cars in Vietnam
13:27 Average wholesale prices for М-100 HFO up to RUB 9,715 in RF spot market
13:02 City of Bruges and Port of Zeebrugge invest in parking solution for trucks
12:50 ENGIE and AES Andres enter into LNG joint venture in the Caribbean
12:35 Pot of Riga looks into cooperation with Uzbekistan
12:06 Rosmorport announces tender for maintenance dredging at Makhachkala seaport
11:59 DP World partners with CDPQ to create US $ 3.7 billion investment platform
11:44 Azeri crude exports via port Novorossiysk down 11.7% to 1.14 mln t in 11M’16
11:20 Container terminal Saint-Petersburg doubles funding for its development program
10:39 Ice navigation restrictions postponed at Big Port St. Petersburg
10:23 Flag hoisting ceremony held for Rosmorport’s new ships, Kadosh and Bata (photo)
10:08 Jurong Shipyard holds naming ceremony of FPSO Pioneiro de Libra
09:42 Brent Crude futures price down 1.05% to $53.89, Light Sweet Crude – down 1.10% to $51.12
09:17 Baltic Dry Index up to 1,198 points
09:04 Royal IHC's shipyard launches world’s first LNG-powered hopper dredger (photo)
08:01 ILO adopts revised Code of Practice for Health and Safety in Ports
07:54 Gulf Navigation, Wuchang Shipbuilding, Qingdao Beihai Shipbuilding create consortium to expand operations in the northern region of the United Arab Emirates

2016 December 4

17:44 Port of Grangemouth posts container volumes of 50,000 TEUs in October and November 2016
11:41 Höegh LNG Partners LP announces pricing of upsized public offering of 6,000,000 common units
11:41 OSG completes spin-off of its international business
10:31 Blue Water expands reefer transports in Southern Europe
08:38 Hamburg shipping companies Ahrenkiel Steamship and Vogemann merge their activities

2016 December 3

20:34 Dmitry Medvedev wished success in implementation of Vostochny Port’s Phase 3 project (photo)
12:43 Evac Group and Uson Marine join forces
10:58 Damen holds technical seminar on vessel automation in Brisbane, Australia
10:33 Production drilling started on Mariner