• 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.”


2018 January 16

18:21 Kommer Damen opens Damen Area Support China
18:08 DNV GL approves latest Kongsberg Digital Engine Room Simulators
17:49 Russian Railways: Loading of Russia’s export cargo bound for domestic ports up 6.4% Y-o-Y to 293.4 mln t in 2017
17:26 State stevedores of Ukraine handled 34.73 mln t of cargo in 2017, down 9.6% Y-o-Y
17:00 Andrey Lavrishchev’s report at Hydraulic Engineering Structures and Dredging Congress will focus on promising port projects
16:35 Installation of Belgian topside for offshore substation marks milestone in further construction of Merkur Offshore Wind Farm
16:04 Maersk Line announces increase in FAK rates from Northern Europe to Middle East and ISC and from Mediterranean to Far East
15:52 Jotun Paints congratulates North-Western Shipping Company on its 95th anniversary!
15:34 DNV GL launches new JDP to test biodegradable lubricants
15:04 TTS Group ASA secures contract with Cosco (Dalian) Shipyard for TTS cranes
14:45 New Delhi will host 5th edition of Oil Spill India Conference on 5-6 July 2018
14:29 Norwegian Control Systems delivers automation and bridge control systems to five Fjord1 ferries
14:10 Port Mechel Temryuk hanlded 1.5 mln t of cargo in 2017, up 6% Y-o-Y (photo)
13:37 Russia's crude exports in 2017 rise 7%, year-on-year, to 256.718 million tonnes
13:13 Turnover of DeloPorts’ terminals in 2017 up 28% Y-o-Y to 7.7 mln t
12:49 NSR cargo traffic in 2017 included 9.73 mln t carried by seagoing vessels and 797,190 t carried by river ships
12:28 Singapore will host 22nd HR & Crew Management Conference on 16-17 May, 2018
11:56 Three vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 15-16
11:34 Bunker prices are flat at the Far East ports of Russia (graph)
11:11 Coal exports from Russia rose 4% to 185.136 million tonnes in 2017
10:50 Oceanographic vessel Admiral Vladimirsky starts research in Indian Ocean
10:25 Brent Crude futures price down 0.4% to $69.98, Light Sweet Crude – up 0.31% to $64.5
10:07 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
09:42 Cargo turnover at inland water ways of Azov-Don Basin down 4.9% to 9.796 mln t in 2017
09:19 Baltic Dry Index down to 1,264 points
09:07 Vroon’s VOS Stone mobilised with Ampelmann A400 gangway system
08:37 MMC First Process involved in the world’s first wellboat simulator
07:03 Crowley announces plans to build new 100,000-barrel Alaska Class ATB

2018 January 15

18:06 The largest hydraulic crane in the world at Vuosaari Harbour
17:29 Port of Tallinn offers Video Guides for car and truck drivers
17:06 Number of sea-going vessels entered the port of Rotterdam up to 29,646 in 2017
16:47 Construction begins on “Crystal Endeavor” at MV WERFTEN
16:43 Throughput of port Taganrog up 29.8% 3,067,100 t in 2017
16:35 QuantiServ introduces robotised laser technology that drastically increases the lifespan of 2-stroke engine pistons
16:16 Ice navigation restrictions at port Vysotsk (Leningrad Region) come into effect from January 29
15:51 Yevgeny Savkin appointed as Director General of Commercial Sea Port of Ust-Luga (photo)
15:27 Three vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 14-15
15:04 Port of Kiel throughput up 14.3% to 7,407.376 tons in 2017
14:30 Grain transshipment via Russian ports showed highest growth in 2017 among other cargoes, followed by coal and coke
14:02 Crossing of 278 vessel the Suez Canal of tonnage 16.9 million ton during 6 days
13:48 Dry cargo carrier of Project 964, Kalevala, converted for grain transportation (photo)
13:23 Average wholesale prices for М-100 HFO down to RUB 13,037 in RF spot market
13:02 MOL announces full acquisition and name change of Azalea Maritime B.V.
12:41 Egyptian Government targets 5.7 milliard dollars Suez Canal revenues by end of fiscal year
12:05 Adani inaugurates two Royal IHC Beagle TSHDs
11:57 ZIM appoints a Chief Digital Officer
11:39 Change in communications leadership at Hamburg Süd
11:00 Ships of RF Navy's Baltic Fleet return from distant cruise
10:23 Zelenodolsk A. Gorky Shipyard lays down yet another 22160-series patrol boat of Project 22160 (photo)
09:57 Brent Crude futures price up 0.03% to $69.89, Light Sweet Crude – up 0.28% to $64.48
09:15 Baltic Dry Index down to 1,279 points

2018 January 14

12:26 Hapag-Lloyd announces GRI from East Asia to Caribbean, East Coast Central America, Panama, Mexico Gulf & Progreso
12:24 Hapag-Lloyd implements GRI from East Asia to USA and Canada
12:22 Wallenius Wilhelmsen Logistics receives a Biosecurity Certificate of Commendation from Australian government agency
12:19 Luka Koper volumes up 6 % in 2017

2018 January 13

20:16 Port of Long Beach releases rail facility study
20:15 Royal IHC launches the multi-purpose 5,450m3 trailing suction hopper dredger
20:12 Record fall in container volumes at the Port of Gothenburg
20:10 New bulk cargo terminal MOU announced in Poti, Georgia

2018 January 12

18:26 Latest expansion begins at Port of Felixstowe