• 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 April 21

11:02 Deep Sea Supply appoints new CEO
10:27 Kalmar receives large port equipment orders from ICTSI in the Philippines
10:09 Brent Crude futures price in London remains flat at $63,45, in New York CL gains to $57.88 a barrel
10:03 Baltic Dry Index edges up to 598 points
09:29 ABS appoints Howard Fireman as new CTO

2015 April 20

18:50 Oil tanker of Volgotrans LLC kicks off navigation 2015
18:27 IMO Secretary-General calls for coordinated efforts to safeguard migrants
18:07 CMA CGM announces GRR from all Asian ports to North Europe trade
18:05 Turku Shipyard eyes cruise ships contracts with Royal Caribbean Cruises
17:45 Siem Offshore sells two OSCVs to Daya Materials
17:35 Three-month cargo traffic at Ukraine's river ports rises 33.9% to 707,700 tonnes
17:05 Navig8 Aventurine joins the Delta8 Pool
16:35 ICS Chairman warns of chaos caused by regional shipping regulation
16:02 TORM reaches more than 90% lender support for new Restructuring Agreement
15:51 Tanker "Kirill Lavrov" delivers to Europe new cargo of Arctic crude oil ARCO (photo)
15:28 Port of Sochi welcomes arrival of second cruise liner (photo)
15:24 Siwertell deliveres two Siwertell ship unloaders at ABP's port of Immingham, UK
15:02 MacGregor signs Triplex AHTS equipment deal with GRUPO CBO
14:29 Stena Bulk charters out LNG carrier
14:02 Port of Riga cargo turnover up 6.7% in Q1 2015
13:02 MPA and Port of Rotterdam Authority collaborate to exchange information and promote research and development
12:46 Tuapse Commercial Sea Port's freight volume jumps 28% in Q1 to 4.27 million tonnes
12:41 MOL, APL, NYK launch joint service between Asia and South America
12:04 WAN HAI LINES, COSCON and “K”LINE to jointly operate a Transpacific service from South PRC to the U. S. Pacific South West
11:44 NCSP Group's Q1 cargo volume rises 6% to 35,6 million tonnes
11:04 10th Singapore Maritime Week 2015 kicks off at Marina Bay Sands Event Plaza
10:30 Drydocks World wins a new ISO Certificate
10:03 Russian President's Legal Dept OKs “Free Port of Vladivostok” concept
09:23 Brent Crude futures prices fall to $63,45 in London, in New York to $57.32 a barrel
08:58 Baltic Dry Index gains 4 pts to 597 points

2015 April 19

09:23 CMA CGM announces GRR from North Europe ports to Red Sea and Middle East ports
09:06 Damen Shipyards Group delivers two sister tugs
09:04 Hapag-Lloyd to introduce a new feeder service end between Piraeus and Beirut of April 2015
08:52 Star Bulk announces completion of the delivery of the Excel vessel fleet

2015 April 18

11:24 CMA CGM announces GRR from all Asian ports to Mediterranean trades
10:02 Danish Maritime Days 2015 publishes preliminary program
09:01 ESPO Conference to shed a first light on Port Regulation approach in European Parliament

2015 April 17

18:18 Vyborg Shipyard and Aker Arctic join hands to develop design of two new Arctic icebreakers
17:35 Krylov State Research Center at Hannover Messe 2015
17:08 Viking project strengthenes its market position
16:27 Konecranes will deliver four more RTGs to TCV Stevedoring Company S.A. in Valencia, Spain
16:16 Navigation for small-size vessel opens in Leningrad region on April 18
15:50 Krasnoye Sormovo launches fifteenth tanker of Project RST27 built for Sinergy Shipping (photo)
15:19 Test mooring held at berth No8 being reconstructed at port Kavkaz (photo)
14:27 Throughput of TransContainer up 0.7% to 352,000 in QI'15
13:48 Bunker prices at port St. Petersburg continue growing in late 16th week (graph)
13:16 Vitaly Klyuev defines major challenges of new phase of IMO activities
13:14 MacGregor secures contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers
12:09 Sea Shepherd ships make first European stops
11:31 Throughput of Container Terminal Saint-Petersburg down 23% to 73,600 TEUs in QI'15
11:08 Fincantieri to build other two ships plus one option for the LCS program
10:40 World’s only Festival of Icebreakers to be held in Saint-Petersburg on May 2 – 3
10:08 Hapag-Lloyd starts new weekly service between North Europe and the US East Coast
09:49 Baltic Dry Index up to 593 points
09:24 Oil price up to $63.98 in London and up to $56.71 in New York
09:08 Port of Long Beach throughput up 32 percent in March 2015
08:51 Port of Rotterdam throughput up 7.2% in Q1 2015

2015 April 16

18:30 Hiab crowns the first ever World Crane Champion
18:26 Mr. Bai Jingtao was appointed as General Manager of CMHI, while Mr. Hu Jianhua remains as Executive Director
18:24 Ban of M/V "MERMAID” with IMO number 8504181 has been lifted