Latest News

VCTPL lands $8m IFC loan

2/9/10: Visakha Container Terminal Private Limited (VCTPL) looks set to receive an $8m loan from the International Finance Corporation (IFC), the private sector lending arm of the World Bank.

CMH and Aitken to build new Colombo terminal

2/9/10: China Merchants Holdings (CMH) and Aitken Spence are to invest around $450m in a new container terminal at the Port of Colombo, Reuters reports.

Chennai green lights mega terminal

1/9/10: The Chennai Port Trust (ChPT) has given the thumbs up to the construction of a $792m ‘mega container terminal’.

APMT and Cargo Service merge in Aarhus

1/9/10: APM Terminals (APMT) and Cargo Service have agreed to combine their neighbouring facilities at the Port of Aarhus in Denmark “to create a stronger position in the competition for the Danish and Baltic markets”.

Jacksonville sets sights on 1m TEUs

1/9/10: The Port of Jacksonville in Florida has announced plans to boost container throughput by 25 percent by 2012, The Jacksonville Buisness Journal reports.

Tauranga tipped for the top

27/8/10: New Zealand’s Shippers’ Council has recommended that the Port of Tauranga should be developed to become the North Island’s international hub port.

Chittagong to get new terminal

27/8/10: The Government of Bangladesh has announced plans to construct a new container terminal at the Port of Chittagong.

Peru looks for investments

27/8/10: Peru’s National Port Authority (APN) and the country’s Private Investment Promotion Agency (Proinversion) are looking to secure investments of up to $1.5bn to fund a series of port projects by the end of next year, the state news agency Andina reports.

ICTSI ups TecPlata stake

27/8/10: Philippines-headquartered International Container Terminal Services Inc (ICTSI), through its Uruguayan subsidiary International Ports of South America and Logistics (IPSAL), has increased its stake in Argentina’s TecPlata to 85%.

Yalta to go under the hammer

27/8/10: Kostiantyn Yefimenko, the Ukrainian Minister for Transport and Communications, has announced that the Port of Yalta will be submitted for privatisation next year.

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