Vietnam 

NA leader lauds model port operator on 30th anniversary – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY      National Assembly Chairwoman Nguyễn Thị Kim Ngân lauded efforts and achievements by the Sai Gon Newport Corporation (SNP) over the past three decades when attending its 30th traditional day yesterday. A defence-security enterprise of the Vietnam People’s Navy, the corporation contributed to implementing the Vietnam Maritime Strategy, fulfilled its role of serving as a logistics base and military port, and built military facilities in border and island areas. Notably, in March 2018, it put into operation the Cam Ranh International Port – the largest logistics…

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Vietnam 

US$1.31 billion logistics centre and port project proposed – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A shipping vessel docked at Cái Mép-Thị Vải Port in the central province of Bà Rịa-Vũng Tàu. — VNA/VNS Photo Viet Nam News HÀ NỘI — A joint venture between Hà Nội Export-Import Company (Geleximco) and International Transportation and Trading Joint Stock Company (ITC) has proposed building a logistics centre and Cái Mép Hạ habour in Bà Rịa – Vũng Tàu Province’s Phú Mỹ Commune. According to the proposal, the logistics centre which is under Cái Mép – Thị Vải port complex would cover an area of 1,000ha and…

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Vietnam 

Construction resumes on Việt Nam’s largest deep sea port – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The ground breaking ceremony for Gemalink Cái Mép, which will become the largest deep sea port in Việt Nam. — Photo tinnhanhchungkhoan.vn Viet Nam News HÀ NỘI — Gemadept Joint Stock Company under Gemadept Corporation on Thursday restarted construction of Việt Nam’s largest deep sea port – Gemalink Cái Mép – after years of delay caused by economic downturn. The project has a total investment of US$520 million including $330 million in the first phase and $190 million in the second phase. The company said the Gemalink port…

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Home 

Guangzhou (Nansha) port, bigger, smarter, more connected ahead to lead ports in the Greater Bay Area

The vision of a “Greater Bay Area” (GBA), China’s economic hub encompassing 11 urban southern Chinese cities, has caught the imagination of regional governments, corporations and investors. The plan to integrate the cities in fields of manufacturing, services, financing and high-tech  is going to offer the bay area container port market a wealth of new opportunities. Guangzhou (Nansha) port, located at the mouth of the Pearl River Estuary and the geographical center of the GBA, has been a major commercial and trading port in China over the past thousand years,…

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Vietnam 

Mỹ Thủy Port to be built in Quảng Trị – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Chairman of Quảng Trị People’s Committee Nguyễn Đức Chính hands over the decision to the investor. — VNA/VNS Photo Nguyễn Lý Viet Nam News QUẢNG TRỊ — The People’s Committee of the central province of Quảng Trị held a ceremony on Tuesday to announce the Prime Minister’s approval of the construction of Mỹ Thủy Port to the project’s investors. The project, which will be located in Đông Nam Economic Zone in Hải An Commune, Hải Lăng District, will cost over VNĐ14.23 trillion (US$608 million), over VNĐ2 trillion of which…

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Home 

Li Ka-shing’s empire, Wharf play an outsize role at Hong Kong’s container port

The Kwai Tsing Container Terminal in Kowloon is effectively controlled by five companies and responsible for roughly 80 per cent of the container traffic that enters Hong Kong each year. On Thursday, the Hong Kong Competition Commission said that it would investigate a newly formed alliance between four of the operators in which they would jointly operate and manage 23 of the 24 berths at the port. The alliance was announced on Tuesday night. In its announcement on Tuesday, Cosco Shipping Ports said the Hong Kong Seaport Alliance would allow…

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Vietnam 

Sơn Dương deep-water port ready to receive 28 million tonnes of cargo this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Formosa Hà Tĩnh said the Sơn Dương deep-water port has completed construction of 12 wharves. – Photo infonet.vn Viet Nam News HÀ NỘI — The Sơn Dương deep-water port in Hà Tĩnh Province is expected to receive 28 million tonnes of cargo from roughly 1,500 ships in 2019, according to the Formosa Hà Tĩnh Company. In 2018, the port welcomed more than 21.6 million tonnes of cargo from 1,095 ships. The main imports at the port were ore, coal and equipment for production at the Formosa Hà…

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China 

Will China seize prized port if Kenya can’t pay back its belt and road loans?

The prospect that China might at some point be able to seize Kenya’s prized port of Mombasa has caused public confusion and alarm and again raised questions about the risks of participating in China’s “Belt and Road Initiative”. Kenyan President Uhuru Kenyatta has strongly denied a local media report that the East African nation was at risk of having China seize the strategic port in compensation for unpaid debt related to belt and road infrastructure development projects. According to online news portal African Stand, Kenya may soon have to hand…

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Vietnam 

Cargo volume at Quy Nhơn Port hits record high – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Quy Nhơn Port receives its eight millionth tonne of cargo on Sunday. – VNA/VNS Photo Nguyên Linh Viet Nam News HÀ NỘI — The volume of cargo handled at Quy Nhơn Port in the central province of Bình Định has reached a record eight million tonnes so far this year. The 8 millionth tonne arrived on Sunday on a Maersk Line tanker. Huỳnh Văn Phúc, a representative of Maersk Line in Quy Nhơn, said since being equitised, Quy Nhơn Port had been upgraded to raise its capacity…

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Singapore 

Singapore expanding port limits after Malaysia suddenly laid claim to our waters: Khaw Boon Wan, Singapore News

SINGAPORE – Singapore’s expanded port limits cover more or less the same area that Malaysia suddenly laid claim to on Oct 25. The message is clear: “Back off” because these waters belong to Singapore, Transport Minister Khaw Boon Wan said on Thursday (Dec 6). In contrast, through a series of charts, he showed that for years – since 1979 – Malaysia had claimed certain waters as its own and acknowledged that Singapore’s waters lay beyond that. But on Oct 25, in expanding the Johor port limits, Malaysia extended its claims to…

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