International Container Terminal Services Inc (ICTSI) will raise its stake in Manila North Harbor Port (MNHP) to 50% for nearly PHP1bn ($18.6m), local reports said.
The container shipping industry is becoming increasingly competitive and complicated and leading terminal operators such as Hutchison Ports are taking steps through the use of technology to serve their customers better as well as cut down inefficiencies.
Predictably, the sights of the new Malaysian government’s crackdown on expenditure have now fallen on the Carey Island project, which has been previously linked with Chinese interests.
Cosco Shipping Ports (CSP) warned of a “year full of challenges” in its first half 2018 results, even as it produced good results for the period, with overall throughput rising 27% to 56.7m teu driven by sustained economic growth, increase in trade volume and increased calls from the OCEAN Alliance, as well contributions from its acquisitions and relatively lesser impact from the Sino-US trade frictions.
The Port of Gothenburg has recovered from its labour issues with container volumes rising 19% in the first half to 378,000 teu from 318,000 teu in the previous corresponding period.
DP World saw a mixed bag of operating results from its operations around the world in the first half, with the Europe, Middle East and Africa (EMEA) region still making up the lion’s share of its volumes with a 3.1% rise in consolidated throughput to 11.54m teu from 11.18m teu in the first half of 2017.
The Port of Hong Kong predictably continued to see a slide in throughput in July as volumes fell 7.9% overall to 1.64m teu.
Cosco Shipping Ports has continued its strong and steady pace of growth in July, with overall throughput rising 12.1% to 8.59m teu, led by a stellar performance at its Bohai Rim ports and overseas terminals.
Port operator International Container Terminal Services Inc. (ICTSI) continues to touch the lives of communities within its Papua New Guinea (PNG) operations as wholly-owned subsidiary Motukea International Terminal (MIT) donated school equipment to the Baruni Primary School in the Motu-Koitabu village in Port Moresby.
Amid record volumes at its two main international gateway ports in Manila and Batangas in the first half, Asian Terminals Inc (ATI) is planning on spending approximately PHP8bn ($149.5m) this year to further boost the efficiency and capacity of its ports. This includes ongoing yard expansion projects at MSH as well as the delivery of two additional quay cranes and four more rubber-tired gantry cranes at BCT by the fourth quarter as well as current expansion of BCT’s berth and yard facilities, local reports said.