• 2018 April 3 12:16

    PNG’s Noho-Magae supports ICTSI operations in Motukea

    Noho-Magae, an organization representing the Baruni and Tatana communities in Papua New Guinea, has thrown its full support behind International Container Terminal Services, Inc. (ICTSI) subsidiary ICTSI South Pacific, joining as shareholders of Motukea International Terminal in Port Moresby, the company said in its press release.

    Representing the Noho-Magae organization, Iduhu Erue Igo, Baruni Community Development Association (BACODA) chairman, and Tom Lancan, Tatana-Araira Development Association (TADA) deputy chairman, signed the agreement formalizing the respective communities as shareholders. Motukoitabu assembly chairman Opao Udia witnessed the landmark event.

    “This is a momentous occasion for our communities. ICTSI has shown good intent throughout our negotiations and we are proud to be partners of MIT. We are confident that global port operator ICTSI will bring industry proven best practices to Papua New Guinea, and our communities-–as partners-–will benefit from the opportunities stemming from the implementation of international standards,” said Mr. Opao, who is also the chairman of TADA.

    Edward Muttiah, MIT chief executive officer, said: “ICTSI is delighted to have Noho-Magae on board to represent the interests of the Baruni and Tata communities.”

    He adds: “Today, we commence a 25-year journey and the strong support of our community partners has ensured a solid foundation built on trust, respect, and mutual commitment to build a world-class maritime facility–one that will, in time, become a source of pride for the nation.”

    Christian R. Gonzalez, ICTSI senior vice president and head of Asia Pacific, expressed optimism on the project, saying ICTSI is “privileged and excited to have been granted the opportunity to collaborate with our host community to jointly realize the potential of the Port of Motukea as a logistics hub. This mutually beneficial goal would not be possible without the support of our host communities.”

    The formalization of the shareholder agreement followed the signing of a Memorandum of Agreement between the community representatives and MIT last year to establish a collaborative framework for the successful operation of MIT.

    MIT will handle all international container and general, non-bulk cargo vessels through the international wharf at Motukea. ICTSI expects to commence operation mid-May.

    MIT has also committed to work closely with community leaders to implement meaningful community engagement projects. The ICTSI Foundation will support MIT initiatives identifying high-impact programs for overall community development.

    ICTSI won a 25-year concession to operate the new Port of Motukea, which is designed to handle larger international vessels and facilitate greater trade with Australia, New Zealand, China, Japan, and other markets in the region.

    About International Container Terminal Services, Inc.
    Headquartered and established in 1988 in Manila, Philippines, International Container Terminal Services, Inc. (ICTSI) is in the business of port development, management and operations. As an independent business with no shipping, logistics or consignee-related interests, ICTSI works and transacts transparently with any stakeholder in the port community. ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, and Europe, the Middle East and Africa. ICTSI has received global acclaim for its public-private partnerships with governments divesting of their port assets to the private sector.




2018 August 20

17:09 ESL Shipping takes delivery of eco-friendly bulk carrier Haaga
17:05 Teekay LNG Partners mandates banks to arrange Fixed Income Investor Call
16:35 CMA CGM announces FAK rates from Asia to North Africa
16:05 Royal Wagenborg's m.v. Nassauborg discharges timber in Alexandria
15:30 CMA CGM announces FAK rates from Asia to the Mediterranean
15:02 Maersk and Vopak to launch 0,5% sulphur fuel bunkering facility in Rotterdam
14:48 SHI awarded contract for LNG carrier duo from Celsius Tankers
14:23 Spot market price for Russian M100 product ended last week higher at an average of RUB 18,212 / pmt
13:21 Baltic Shipyard loads heavyweight propulsion units onto the 60MW LK-60 nuclear-powered icebreaker URAL
13:11 APL's Eagle Express Service delivers X-factor in Los Angeles
12:13 Golden Ocean Group to equip its 16 Capsize vessels with scrubbers
12:10 ANL to implement Operational Cost Recovery Surcharge in Chittagong Port
11:07 Port of Vyborg volumes in first seven months rose 28% to 970,000 tonnes
10:57 Golden Ocean announces Q2 2018 results
10:17 Crude oil futures prices edge down to $71.61 in London, in New York to $64.95
10:03 Port of Everett breaks ground on $36 mln South Terminal Wharf Modernization Project
10:03 Baltic Dry Index gains to 1723 points
09:57 Chinese Blockchain Company Yuanben to protect the safety of global maritime freight data
09:36 Box traffic at busiest Chinese ports in Jan-Jul rose 4.1% to 5.36 billion tons
09:28 Port of Hong Kong seven-month box volumes drop 4.4% to 11,5 million TEUs
08:44 Kongsberg Maritime wins contracts for nine hybrid Ro-Ro vessels

2018 August 19

08:19 CMA CGM announces GRR from UAE to East Africa
08:14 Maersk Line introduces Peak Season Surcharge – Scope World to Apapa, Nigeria and Tin Can Island Port, Nigeria
08:12 CMA CGM announces GRR from India to East Africa
08:07 Maersk Line increases rates from Middle East & Indian sub-continent to North America

2018 August 18

08:03 Port of Oakland to build Seaport Logistics Complex
08:00 CMA CGM announces PSS from Europe, Scandinavia, Black Sea and West Med to Indian Ocean islands
07:57 CMA CGM announces FAK rates from Asia to North Europe
07:41 A.P. Møller - Mærsk A/S posts results for Q2 2018

2018 August 17

20:03 A system of floating containment booms installed near two jetties of Petersburg Oil Terminal
18:26 Krasnoye Sormovo Shipyard launches Pola Feodosia, forth of RSD59 dry cargo vessel series
17:54 Primorsk Oil Terminal’s throughput in Jan-Jul falls 12% to 31.38 million tonnes
17:51 Nevsky Shipyard continues testing of unique replenishment system
17:08 Marine Robotics: Laws, Applications, Technologies roundtable registration underway in Moscow and Vladivostok
17:03 Port of Vysotsk volume in Jan-Jul down to 10.45 million tonnes
16:27 Port of Ust-Luga throughput in Jan-Jul down 4% to 56.27 million tonnes (details)
16:04 Western Bulk publishes First half 2018 results
15:53 Port of St. Petersburg seven-month volumes grow 13% to 34.39 million tonnes (details)
15:34 Stena Blue Sky delivers the first LNG cargo at energy giant ENN's new terminal in China
15:03 ANL announces FAK rates from North Europe and Mediterranean to Australia
14:33 A.P. Møller - Mærsk A/S delivers revenue growth in the second quarter of 2018
14:03 Third railway track put into operation in Port Bronka
13:58 Nevsky Shipyard wins contract for Arc4 passenger/freight vessel duo to be deployed on Sakhalin-Kurils route
13:51 Samsung Heavy Industries wins two eco-friendly LNG carriers
13:21 TORM posts H1 2018 interim results
13:04 A.P. Møller - Mærsk A/S to pursue a separate listing of Maersk Drilling
12:30 Hapag-Lloyd invests in growing East African market
12:07 Port of Oakland gives $70,000 to develop eco-jobs workforce
11:07 Hapag-Lloyd announces rates for Far East Westbound East Asia (including Japan) to North Europe and Mediterranean
10:45 Crude oil futures price edges down to $71.38 in London, in New York to $65.44
10:07 Latest Sanmar tugboat under trials
10:02 Gazprom Neft 1H 2018 net profit soars 1.5-fold
09:41 Baltic Dry Index adds 2 pts to 1727 points
09:37 Diana Shipping announces time charter contract for m/v Coronis
09:32 Port of St. Petersburg bunker prices close the week on a down note
09:06 Gulftainer invests AED11 mln in road extension
08:27 CMA CGM implements new FAK rates from North Europe and Mediterranean to Australia

2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays keel for freezer trawler of Project T30
18:06 Port of Dover awarded contract to Solent Marine Ltd to design and fit-out Dover's new marina
17:32 Maersk Line announces rates from Far East Asia to West Africa