• 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 July 23

13:56 Great Lakes awarded four dredging contracts worth $93M
12:38 Governor announces $350 mln investment at the Port of Virginia
12:35 Van Oord completes Burbo Bank Extension offshore wind project for Dong Energy
10:19 Boskalis secures contract for Aberdeen offshore wind farm project

2016 July 22

18:15 Coal exports via Rosterminalugol terminal hit 9 mln t milestone in 2016
17:57 Passenger traffic of Ukraine’s water transport down 35% to 1,000 people in HI’2016
17:34 Vard reports high order intake from non-offshore markets
17:22 Japan's first LNG-fueled ship receives Technology Special Award at the 2015 Ship of the Year Awards
16:53 Scientific reasearch vessel delivered to Stockholm University
16:25 Safe Bulkers agrees with the Royal Bank of Scotland to amend a term loan facility
16:14 European Shipowners endorse the global commitment of the European Strategy for Low-Emission Mobility
16:09 Russian Defence Minister General of the Army Sergei Shoigu arrived in Crimea
15:50 Most facilities of Pella shipyard are completed (photo)
15:24 BMT launches new operating company
15:18 OSG announces leadership transition
14:55 Cargo transportation by Ukraine’s water transport up 2.3% to 2.5 mln t in HI’2016
14:32 DCT Gdansk’s state-of-the-art STS cranes already on rails
14:02 MOL Liner announces June 2016 KPI results for Asia Region
13:50 Rosneft starts geochemical survey in the Barents Sea
13:41 Technip awarded MSA for SCT&E LNG’s Monkey Island project in Louisiana, USA
13:32 Maersk Line reroutes Asia - US East Coast service through the Panama Canal
13:16 Government’s stake of Omsk River Port OJSC purchased by its Director General
13:02 Maersk Line launches enhanced Asia – U.S. East Coast Network
12:22 MOL signs deal on long-term charter contract for Uruguay LNG FSRU project
12:20 Hong Kong Marine Department upgrades Vessel Traffic Services system
12:15 G6 Alliance announces Asia-North America West Coast service update
11:49 Container Terminal Saint-Petersburg invested RUB 313.5 mln in development program
11:26 LUKOIL BoD appoints Managemet Committee
10:54 TransContainer’s net income up 92.4%, y-o-y, to RUB 1.331 mln in HI’2016
10:20 The first exclusive yacht, manufactured by “Latitude Yachts”, leaves the port of Riga
09:48 Brent Crude futures price down 0.11% to $46.15, Light Sweet Crude – down 0.49% to $44.53
09:32 Freeport of Riga says Russian energy resources’ transit, other cargo volumes increased
09:15 Baltic Dry Index down to 726 points

2016 July 21

18:00 Indicative bunker prices are flat at the port of Saint-Petersburg (graph)
17:59 Reylaver christens the new tug from Damen
17:58 Fratelli Neri S.p.A. orders three vessels from Damen
17:56 Two Damen ASD Tugs 2810 sail to Argentina
17:41 Azipod units installed onto the 25MW icebreaker Victor Chernomyrdin built at Baltiysky Zavod shipyard
17:19 Metrans puts first hybrid shunting locomotive into operation at the Port of Hamburg
16:36 General Dynamics NASSCO shipyard gets $42,1 mod to LSD-51 contract
15:50 Text of 1978 STCW Convention is available in Russian (document)
15:39 Drydocks World conforms to Factory Production Control (FPC) under EU Regulation
15:22 The market is waiting for more clarity of bunker prices trend, expert says
14:27 Tanker Lilaste of LUKOIL-BUNKER's Murmansk branch has undergone preventive inspection
14:09 Toll Global Forwarding enters into Omani market with Seagull Logistics Services LLC
13:38 LLC “Marine Recruiting Agency” prepared specialists for port of Kazakhstan
13:09 OOCL takes further step forward in GHG reporting
12:09 Port of Antwerp signs collaboration agreement with port of Bandar Abbas in Iran
11:51 Bunker prices changed in the Far East ports (graph)
11:30 Far East Development Corporation received 100 applications from potential residents of Free Port of Vladivostok for RUB 167 bln
11:09 Cosco Shipyard in Guangdong holds naming ceremonies for two of Vroon’s newbuilding vessels
10:43 Head of Rosmorrechflot Viktor Olersky visited the Astrakhan Branch of FSUE “Rosmorport”
10:18 Austal announces completion of LCS 6 full ship shock trials
10:09 Technip awarded MSA for SCT&E LNG’s Monkey Island project in Louisiana, USA
09:50 Brent Crude futures price up 0.66% to $47.48, Light Sweet Crude – up 0.61% to $46.03
09:40 Latvian Shipping Company announces application to scholarship competition for future seafarers
09:20 CMA CGM implements GRR from Asia to Red Sea
09:17 Baltic Dry Index down to 736 points

2016 July 20

18:34 Keppel to build three dredgers for Jan De Nul
17:56 Port of Gdansk boasts solid figures in H1 2016