COSCO Shipping Ports Ltd and PSA Corporation signed a memorandum of understanding yesterday to add two new berths at the COSCO-PSA Terminal (CPT) in Singapore. The launch of the two new mega-vessel berths will increase CPT’s annual handling capacity from 3 mln to about 5 mln TEU and will strengthen CSP’s presence in Singapore and […]
The Ministry of Oceans and Fisheries of South Korea has said today that it will look into the feasibility of developing a port at the Russian Far East to help local companies take advantage of its strategic location, informs The Korea Herald. The Ministry refers to the port of Slavyanka, which is located 28 nautical […]
PSA International is currently testing automated quay cranes (AQCs) at its Pasir Panjang Terminal in Singapore to enhance efficiency of operations and improve working conditions for crane operators, Channel NewsAsia informs. Instead of sitting in a booth of an STS crane 17 storey high, the operators will be monitoring the work of their cranes remotely […]
Myanmar is negotiating with a Chinese consortium to develop a deep-sea port in Kyaukphyu (Rakhine state, western Myanmar) on the Bay of Bengal as part of the planned Kyaukphyu Special Economic Zone (SEZ), informs Xinhua. The negotiation between Myanmar’s Commerce Ministry and the China International Trust and Investment Corporation (CITIC) is expected to reach an […]
Indonesia strives to challenge Singapore’s dominance in the region with a number of own port projects, aiming to become a new global transhipment hub on China’s maritime Silk Road, writes Nikkei Asian Review. After taking office in October 2014, Indonesian President Joko Widodo endorsed the five-year plan worth 700 trillion rupiah (USD 50.6 bln) to develop the maritime […]
Sihanoukville, Cambodia’s only deep-sea port, is about to launch a new multipurpose terminal that will be able to accommodate larger vessels, informs The Phnom Penh Post. According to Lou Kim Chhun, Chairman and CEO of Sihanoukville Autonomous Port (PAS), the inauguration is scheduled for June 25 and will be presided over by Prime Minister Hun […]
Japanese government plans to invest in port development in three Indian Ocean nations — Myanmar, Sri Lanka and Bangladesh — as part of Prime Minister Shinzo Abe’s “free and open Indo-Pacific strategy”, informs The Jakarta Post. The project aims at securing the sea lanes linking Asia and Africa via the Middle East. The three sites […]
The Philippine Ports Authority (PPA) will be accelerating the implementation of port infrastructure projects nationwide, with the revenues showing a robust growth in the first quarter of 2018, the Philippine News Agency informs. The PPA revenues reached PHP 3.78 bln (USD 72 mln) in Q1 2018, which is 9% higher than the PHP 3.48 bln […]
The bidding process for the Phase 3 of the Laem Chabang port expansion will take place in October, informs Bangkok Post quoting Songtham Chantaprasit, acting director-general at the Port Authority of Thailand (PAT). The project’s terms of reference are still to be finalized within the next two months by PAT, but once bidding commences, winners […]
Royal Boskalis Westminster N.V. (Boskalis), a leading Dutch expert in dredging services, has secured a contract for the port development project Tuas Terminal Phase II in Singapore. According to the company’s press release, the contract worth SGD 1.46 bln (USD 1.1 bln or EUR 897 mln) was awarded by the Maritime and Port Authority of […]
