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Port Project

Companies Align to Form Taipei Port Consortium

Taiwan's Evergreen Marine forged an alliance with three local counterparts on Friday to bid jointly for a container port project in Taipei Harbor. Evergreen Marine, Yang Ming Marine Transport Corp., Wan Hai Lines and Evergreen Transport said in a joint statement they would set up the Taipei Port Consortium to issue the bid. Evergreen Marine and Evergreen Transport, members of the giant Evergreen transportation conglomerate, would own a combined 50 percent of the new company, which would have initial paid-in capital of T$800 million. Wan Hai would hold 40 percent, and Yang Ming would own 10 percent, the companies said. The estimated T$20 billion port project, which would be located in Taipei county, aims to bring its first berth with 250,000 20-foot equivalent units (TEUs) capacity into service in 2006, harbor officials have said. The build-operate-transfer (BOT) container project, which has a designed capacity of 1.75 million TEUs, would allow the operator to run the berths for 50 years before handing it back to the state. After completion of its seven berths, the Taipei harbor would rank as the third largest on the island, behind the southern port in Kaohsiung and Keelung.


ICTSI Terminates Nigeria Port Project

Photo: International Container Terminal Services

 International Container Terminal Services (ICTSI) subsidiary Lekki International Container Terminal Services LFTZ Enterprise (LICTSE) has given up on its Nigerian port project due to delays in its execution, reports Nikkei.   LICTSE and Lekki Port LFTZ Enterprise (LPLE) have mutually agreed to terminate their sub-concession agreement dated Aug. 10, 2012. "The parties arrived at this decision following delays in the execution of the Lekki Port Project


Hutchison To Hold 45 Percent Stake in Container Port Project

Hutchison Whampoa Ltd. would directly hold about 45 percent, not 65 percent, of the phase three of the Yantian container port project in the southern Chinese city of Shenzhen, a Hutchison official said on Thursday. She added that Hutchison has a majority stake in a foreign entity that would hold a 65 percent stake in the project. Through the investment entity, Hutchison would hold an "effective 45 percent", the official said.


USCG, MarAd to Convene on Port Pelican Project

The U.S. Coast Guard and the Maritime Administration (MarAd) issued a joint Notice stating that they will hold a public meeting in New Orleans on August 18, 2003 to receive information relevant to the issuance or denial of a federal license for the proposed Port Pelican LLC Deepwater Port project. Written comments on the project should be submitted by October 2, 2003. Source: HK Law


APM Terminals and Port of Rotterdam to Cooperate On R&D

Five  year,  global  agreement  to  work  toward  improved  productivity  and  efficiency,  land  utilization, environmental  sensitivity and  public  awareness  of  the  container  terminal  industry  APM  Terminals  and  the  Port  of  Rotterdam  Authority  announce the  signing  of  a  five-year agreement  of


Dutch Green Ports to be Model for Turkey

Photo by DHA

 Netherlands will be a model for Turkey’s ports within an environmentally-friendly Green Port implementation, says Daily News.   Port of Amsterdam and Dutch officials said that they were ready to boost ties with Turkey suring their visit to Istanbul, Marmara, Aegean, Mediterranean and Black Sea Regions (IMEAK) Chamber of Shipping branch in the Aegean province of İzmir.   IMEAK İzmir branch board chairman Yusuf Öztürk announced the work for the Green Port


Status Update: Northeast Gateway

On October 18, 2005, a public scoping meeting was held in Boston, Massachusetts to discuss the proposed Northeast Gateway Deepwater Port project. The purpose of the meeting was to accept the public’s comments regarding the proposed project. The meeting took place from 6 p.m. to 8 p.m. in Faneuil Hall and was preceded by an informational open house from 4:30 p.m. to 6 p.m. A similar public scoping meeting and open house for the Northeast Gateway project took place in Gloucester


APM Terminals Opens New Terminal in Morocco

APM Terminals Tangier, S.A. and the Akwa Group, a Casablanca, Morocco-based partner have announced the opening of Morocco’s newest container terminal to serve the global trade in Morocco and the Western Mediterranean market. Located on one of the most important shipping arteries, the terminal will offer importers and exporters a new gateway to world markets. Over 200 vessels a day pass through the Straits of Gibraltar as they transit on north-south and east-west liner trade routes


Essar Ports Q2 FY15 Net Profit Up

Essar Ports develops and operates ports and terminals and is one of the largest private sector port companies in India

  Essar Ports Ltd. (Essar Ports), part of the Essar, today announced its unaudited results for the quarter ended September 2014. Highlights of Consolidated Results: *Revenue for the quarter increased by 1% at Rs. 435.3 crore as against Rs. 431.6 crore during previous quarter (Q1 FY15)and  increased by 7% from Rs. 405.1 crore during corresponding quarter of previous year (Q2FY14) *EBITDA for the quarter increased by 4% to Rs. 361.4crore from Rs. 346


Adani Gets Green Signal on Vizhinjam Port Project

Image: Vizhinjam International Seaport Limited (VISL)

 The Kerala state government has issued an order to hand over consent letter to Adani Ports and Special Economic Zone Ltd (APSEZ) for establishing the Vizhinjam port.    Within seven days Adani group has to give an official reply. Ports Minister K Babu said the final agreement will be signed within 45 days.    Kerala Chief Minister Oommen Chandy said with the handing over of the consent letter all allegations being raised about the opposition to Adani Group has


Indian Shipping Bucks Trends with Positive Growth

The Minister of State for Road Transport and Highways and Shipping,  P. Radhakrishnan addressing a meeting, organised by V.O. Chidambaranar Port Trust. Photo: PIB

 The Indian shipping industry is registering a positive growth amid a downward trend globally, Union Minister of State for Shipping, Pon Radhakrishnan said.   “While the shipping sector is seeing a downward trend worldwide, India is registering a positive growth


Public-Private Project Promises to Revive America’s Marine Highway

APH engineer incorporates patent-pending aspects allowing the LNG powered self-propelled self-docking vessels to travel without a wake. The radical technology being incorporated in the vessel design allows the loaded vessels to operate at a draught of less than 10 feet.

Plaquemines and American Patriot Holdings plan new container port-vessel system.   Plans are underway for a new 4,200-acre intermodal container terminal within the Port of Plaquemines Harbor and Terminal District. The project, a partnership (Exclusivity Agreement) between the Port and


Dredging: Digging Deep for a 'WIIN'

© Nancy Hochmuth / Adobe Stock

In the waning days of 2016, the outlook brightened dramatically for the big U.S. dredging contractors. Just before Congress dispersed for the Holidays, then-President Obama signed a pivotal piece of legislation – the Water Infrastructure Improvements for the Nation (WIIN) Act, S612


China Acquires Global Ports: FT

File photo: China COSCO Shipping

 With the aim to dominate maritime industry China has been acquiring overseas ports with huge investments which crossed USD 20 bln last year, Financial Times reported.   Beijing has spent billions expanding its ports network to secure sea lanes and establish itself as a maritime power


Jawaharlal Nehru Port Goes for External Commercial Borrowing

Photo: APM Terminals Mumbai

 India’s premier container port, Jawaharlal Nehru Port in Navi Mumbai, has signed an agreement with State Bank of India and Development Bank of Singapore for External Commercial Borrowing (ECBB) to the tune of USD 400 Million at a “very competitive” interest rate to improve


Sovcomflot Profits slip

Projects - The company services large-scale energy projects in Russia and abroad, including Sakhalin-1, Sakhalin-2, Prirazlomnoye, Varandey, Tangguh and Peregrino.

Reviewing the company’s financial and operating results for the first half year ended 30 June 2016, on 23 August 2016, the Executive Board of PAO Sovcomflot (“SCF Group”) noted that despite a tanker market downturn, the company was able to demonstrate strong performance and


Five Vessels Delivered for Qatar’s New Port Project

Photo: NDSQ

Nakilat Damen Shipyards Qatar (NDSQ) has delivered five vessels as part of an 11-vessel order for New Port Project (NPP). Built entirely at the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City, the vessels were launched and delivered to NPP after successful completion of their


India Approves $77.4 Mln for Sagar Port Project

Photo: Kolkata Port Trust

 Indian Government has given in principle approval to a grant of Rs. 515 crores ($77.4 Mln ) to make the development of the proposed Sagar Port project in West Bengal financially viable.    This is part of the continuous efforts by the Ministry of Shipping during the last two


India to Develop Coastal Economic Zones

Chart: Press Information Bureau, Government of India

 In its move to boost the ruling party's flagship Sagarmala (string of ports) project, the government of India is developing Coastal Economic Zones (CEZs).   The National Perspective plan of the Sagarmala Programme has identified two maritime clusters for development


Indian Ports to Go Green

Indian Prime Minister Narendra Modi. Photo: PIB, Govt of India

 The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’ has been emphasizing on use of renewable sources of energy to power Major Ports across the nation.    The Ministry aims to set up 91.50 MW of solar energy capacity at the twelve Major Ports and


African Development Bank to Fund Lamu Port

Photo: LAPSSET

 Efforts by the government to attract investors to help build 29 berths at the proposed Lamu port has received a boost from African Development Bank, said a report in The Star, Kenya.   The port has received a $1.9 million grant to cater for advisory services and technical support in


Market Volatility Affects Sovcomflot

Tanker SCF Baltica. Photo:  PAO Sovcomflot

 Russia’s largest shipping company PAO Sovcomflot (SCF Group) has announced its results for the full year to 31 December 2016 that the compay claims to be an example of 'robust strategy delivering solid results despite market volatility in 2016.'  


Capacity Augmentation in Indian Ports

Indian Shipping Minister Nitin Gadkari pinning a flag on Prime Minister Narendra Modi to celebrate the week of National Maritime Day. Photo: Official FB Page of Nitin Gadkari

 Ports development and capacity augmentation is a continuous process in India, says the ministry of shipping.   Government is regularly monitoring the Port projects to modernize and upgrade to increase capacity of the Major Ports and also to bring them to the international standards


FEPORT Releases Strategic Roadmap for Future

Photo: FEPORT

 Federation of European Private Port Operators and Terminals (FEPORT) members have exchanged about the strategic roadmap of the organization for the three coming years in in Klaipeda at their General Assembly gathering.  They have also commented the adoption of the Ports Regulation (in


India's Plan to Develop Iranian Port Faces US Headwinds

Western manufacturers are shying away from supplying equipment for an Iranian port that India is developing for fear the United States may reimpose sanctions on Tehran, Indian officials say, dealing a blow to New Delhi's strategic ambitions in the region.  






 
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