Malaysian infrastructure conglomerate MMC Corp Bhd is buying a 49% stake in Penang Port from its majority shareholder Seaport Terminal (Johore) Sdn Bhd (STJSB) for MYR200m ($49.6m) in cash.
If the recent call of MSC Zoe is any indication, the 27.6% increase in container volumes recorded by Port of Salalah in the first half of 2016 is a sign of things to come.
Philippine Ports Authority (PPA) is earmarking PHP6bn ($127m) this year to expand government-owned ports across the country, local media reported.
China’s ministry of transport has selected seven terminals across the country to carry out trials on shoreside power, or cold ironing, for ships at berth.
South Korea’s Incheon port will commence 24-hour operation starting 1 July 2016 in order to handle increasing volume of traffic and customer demand, Incheon Port Authority announced.
Malaysia’s Port of Tanjung Pelepas (PTP) has earmarked more than MYR8.6bn ($2.1bn) to invest in new berths and equipment over the next five to 10 years.
PSA Corporation (PSA) has inaugurated the PSA Living Lab in Singapore for the port and logistics industry, with close to SGD100m ($73.6m) committed to the initiative over the next three years.
PSA Singapore (PSA) has invested in 22 new battery-powered automated guide vehicles (AGVs) for its container terminals, bringing the fleet to 30 units.
The Lumut Maritime Terminal (LMT), which is owned by Perak Corp and Malaysian utility provider Tenaga Nasional, plans to build a new port on the shores of Sungai Dinding near Sitiawan, ceo Mubarak Ali Gulam Rasul was reported by local media as saying.