Manila: US firm Capital Group Companies, Inc. has bought a 8.7% stake in Philippine-based International Container Terminal Services, Inc. (ICTSI).

Hong Kong: Hong Kong port's container volumes continued to slide in August, falling 9.2% to 1.95m teu from 2.11m teu in August last year.

Jakarta: It seems to be all systems go for Tanjung Priok Port's new terminal in Kalibaru with state-owned operator Pelindo II awarding an IDR8.2trn building contract to  fellow state construction company Pembangunan Perumahan (PTTP) for six...

Singapore: Singapore port achieved higher container throughput in August compared to a year ago but volumes decreased marginally month-on-month.

Port Klang: Westports Malaysia is hoping to move about 9m teu of containers at Port Klang upon the completion of its new 600 m wharf by 2014.

Abu Dhabi: The first phase of Abu Dhabi Ports Company's new $2.18bn Khalifa Port is set to open today, with inauguration of a terminal with capacity of 2.5m teu of containers plus 12m tons of general cargo.

Lome: Continuing the march of Chinese companies into the dark continent, China Merchants Holdings has bought a 50% stake in Thesar Maritime Limited (TML), which owns a 35-year plus 10-year option concession to develop and operate the Lome...

Kaohsiung: Taiwan's main Kaohsiung port improved its July container throughput both year-on-year and month-on-month.

Hong Kong: In a strong sign that the southern China export-based economy is moderating, Hong Kong's container figures continue to slow, with July's 7.1% year-on-year drop in overall throughput to 2.07m teu being the fourth consecutive month of...

Singapore: Container throughput at the port of Singapore rose in July amid the continuing weak global shipping market.