Jakarta: Indonesia's biggest seaport Tanjung Priok has completed upgrades to two major container terminals that will allow the handling of bigger ships and higher container throughput.

Melbourne: Australian Infrastructure Fund (AIX) has entered into an agreement to sell 50% of its stake in the Port of Portland to Palisade Ports for A$66.5m ($65.5m).

Xiamen: Xiamen International Port continues to do well with a net profit of RMB145.4m ($23m), a 44% rise from the RMB101.2m posted the year before. The port operator had earlier guided that profits would fall due to the absence of exceptional items that boosted the previous year’s profits.

Manila: International Container Terminal Services Inc (ICTSI) has been named preferred bidder for a port development close to Lagos, Nigeria.

Manila: International Container Terminal Services Inc (ICTSI) reported a 33% jump in profits last year.

Singapore: Higher container throughput helped Hutchison Port Holdings (HPH) Trust match its net profit forecast for the quarter ended 31 December 2011 despite lower-than-expected revenue.

Taipei: Taiwan's main seaport Kaohsiung posted three-year high container throughput in 2011 following the opening of its new International Terminal Container Center in January last year.

Chennai: Krishnapatnam Port Container Terminal (KPCT) has acquired five quay cranes that will be operational from May this year.

Busan: South Korea's Busan port registered 1.36m teu of container throughput in January, according to figures from the Busan Port Authority (BPA).

Hong Kong: The port of Hong Kong recorded a dip in container throughput in January both year-on-year and month-on-month, according to figures from the Marine Department.

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