News from July 2009
Panama Canal releases fourth dry excavation RFP
31st of July, 2009
The Panama Canal Authority (ACP) has released its Request for Proposals (RFP) for the fourth dry excavation contract in its development project, the second largest part of the development after the locks contract.
Sinopec in $1.45bn Lianyungang investment
30th of July, 2009
Reports in China have claimed that oil refining company China Petrochemical Corp, known as Sinopec, is to make a substantial investment in the construction of a new facility at the port of Lianyungang.
ASCO buys into Scrabster Port
29th of July, 2009
Aberdeen-based global oil and gas logistics company ASCO has acquired 50 per cent of Scrabster Port Services (SPS) on the Northern Scottish coast, for an undisclosed sum.
Ningbo Port and Shanghai International in joint deal
19th of July, 2009
The Shanghai International Port Group is currently involved in plans to launch a joint venture with Chinese State-owned Ningbo Port Group Ltd within the next twelve months, according to Ningbo company president Li Linghong.
Shell and Vopak joint venture for French LNG terminal
16th of July, 2009
Shell and Vopak have announced a joint venture to develop a liquefied natural gas (LNG) terminal at Fos-sur-Mer, France.
Chu Kong Shipping Development votes to acquire port assets
15th of July, 2009
Independent shareholders in Chu Kong Shipping Development Co., Ltd. have passed a resolution approving the acquisition of port assets currently held by its parent company, Guangdong Province Navigation Holdings Company Limited.
Grupo Unidos consortium wins $3bn Panama contract
15th of July, 2009
The Panama Canal Authority (ACP) has announced that Consortium Grupo Unidos por el Canal has been awarded a contract to design and build the waterway's new set of locks as part of the Panama Canal Expansion Program, in a deal worth more than US$3 billion.
Chinese mega port group launched
9th of July, 2009
A new state-owned Chinese port company with RMB18 billion (approximately US$2.6 billion) worth of assets has been created through the combination of the Qinhuangdao, Caofeidian and Huangye ports in Hebei, according to the Xinhua news agency.
OOTS clinches $137m financing deal
7th of July, 2009
Oiltanking Odfjell Terminal Singapore (OOTS) has signed a SGD 200 million (approximately US$137 million) Syndicated Term Loan Facility with DBS Bank Ltd, Calyon, and Oversea-Chinese Banking Corporation Limited as Mandated Lead Arrangers which will be put toward terminal development.
Singapore government steps in on LNG terminal construction
1st of July, 2009
The $1 billion development of an LNG terminal for Jurong island undertaken by a private consortium has been taken over by the Singapore government, according to reports.
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