Gulf Energy-led consortium signs $927 million deal on Laem Chabang Phase III project
December 2, 2021
A joint venture (JV) led by Gulf Energy Development Plc will develop Phase III of Thailand’s Laem Chabang port following a new deal signed with the national authority. On 25 November the JV signed the public-private partnership contract with the Port Authority of Thailand (PAT) worth 30.9 billion baht ($927 million) to develop Laem Chabang Port Phase 3, Terminal F project in Chonburi province.
Thailand Plans for National Shipping Line to Support Economic Growth
SEP 24, 2021
The government of Thailand confirmed that it plans to move forward with efforts to re-establish a national shipping company to help grow the struggling country’s economy. The effort is also seen as a novel response to the current global shortage of cargo ship capacity, which Thai officials cited as contributing to higher costs and hindering trade.
Thai forwarder JWD buys into Laem Chabang terminal operator ESCO
July 28, 2021
Thai freight forwarder JWD has agreed a $15m deal for a significant 20% stake in Laem Chabang terminal operator Eastern Sea Laem Chabang Terminal (ESCO).
The family of JWD chairman and CEO Charvanin Bunditkitsada own more than 42% of the shares in the forwarder which will become a partner of global terminal operator PSA SE Asia in Bangkok when the deal is finalised in October.
Klong Toey project bids to open 2022
June 18, 2021
The Port Authority of Thailand (PAT) will open bidding for a construction contractor for the Klong Toey smart community project next year. Director-general Lt JG Kamolsak Promprayoon said the authority has hired companies responsible for architecture design and engineering for the smart community project, worth 9.9 billion baht. The architectural designer will be asked to submit a design by this October.
Govt refloats national shipping line plan
June 13, 2021
The Port Authority of Thailand (PAT) will conduct a feasibility study into setting up a "National Maritime Navigation Line", Transport Minister Saksayam Chidchob said on Saturday. The shipping line, which would be created as an affiliate of the PAT, would boost infrastructure deployment for the government's southern land bridge and the Eastern Economic Corridor (EEC) schemes until work is completed and the projects are up and running in 2027 and 2025 respectively, he said.
Beijing has announced that the Hainan Free Trade Port Law, part of its efforts to develop a globally influential free trade port in Hainan province, was adopted on yesterday. The legislation, which takes effect immediately, provides China with a legal guarantee in its pursuit of building a high-quality free trade port on Hainan Island.
Meanwhile, Yangpu port in Hainan Island will be developed into an international container hub port in the southernmost part of China, under the country’s 14th five-year plan, “to strengthen overseas logistics links”.
June 13, 2021
The Industrial Estate Authority of Thailand (IEAT) is preparing to begin construction of the third phase of development of Map Ta Phut deep-sea port in Rayong on July 1, despite the Covid-19 outbreak and a compensation dispute between officials and fishermen. The port expansion, which is needed as current facilities have reached their full capacity, will go ahead as planned although concerns have been voiced over the pandemic's impact on the project, according to the IEAT.
Laem Chabang port project set to sail ahead after Thai Cabinet agrees to lower returns
April 22, 2021
The Laem Chabang Port development project is expected to cast off after the Cabinet agreed to adjust down the project’s estimated returns to the state to Bt29.05 billion, which is the value agreed to by both bid winner GPC Consortium and the Port Authority of Thailand (PAT), PAT director-general Lt-Junior Grade Kamolsak Promprayoon said on Wednesday (April 21). The project includes the development of the third phase of Laem Chabang Port, also known as Port F.
05 Feb 2021
Commerce Minister Jurin Laksanawisit has resolved to tackle the global shortage of cargo containers by easing restrictions at Laem Chabang Port in Chon Buri. Jurin, who doubles as deputy PM, said the ministry and the Port of Authority of Thailand had agreed to requests from shipping companies to allow large cargo vessels of 18,000 TUE (400 metres-plus) to dock at the port without asking permission.
SCSP planning to shift from bulk to container business
Feb. 17, 2021
Siam Commercial Seaport (SCSP) is jumping onto the crowded container terminal bandwagon in Laem Chabang by taking advantage of its private port model, which does not bear the burden of fee concessions.
Shrinking growth of bulk cargoes is squeezing global terminal operators' profits, prompting SCSP to shift to the embattled container market.
4 January 2021
Thailand’s container shortage is playing havoc with supply chains as carriers prioritise capacity in neighbouring China and Vietnam, say cargo owners.
The Thailand board of trade estimates the country had a shortage of 1.5m containers in 2020, according to the Bangkok Post, prompting the government to intervene by promising to subsidise import fees for empty boxes for up to six months.
Busan to develop pre-diagnostic technology for cranes
5 November 2020
The Busan Port Authority (BPA) is set to develop pre-diagnostic and predictive technology for cranes with IoT sensors and big data, the port announced.
The research and development project with local SMEs has been selected as part of the joint Investment Program With Purchase Agreement for New Product Development, carried out by the Korean Ministry of SMEs and Startups.
Adani Group frontrunner for developing Sri Lanka's port terminal
4 November 2020
Adani Ports and Special Economic Zone (APSEZ), the flagship of India-based Adani Group, is in the lead to develop the stalled East Container Terminal at Colombo port in Sri Lanka.
APSEZ and a local partner have secured in-principle approval to sign a deal with the Sri Lanka Ports Authority.
In the currently stalled project, the Sri Lanka Ports Authority will hold a majority stake.
COSCO Shipping Ports recovers from COVID-19 pandemic
29 October 2020
COSCO Shipping Ports (CSP) has continued to recover from the worst effects of the COVID-19 pandemic with a 5.9% year-on-year (YoY) increase in gross profit during Q3, despite suffering a substantial loss in the first nine months of 2020.
The terminal operator’s gross profits fell by 22.9% between January and September as it made $169.9 million. Its Q3 profit was $70.5 million. In its Greater China terminals throughput decreased by 1.6% January-September and rose by 3.4% in Q3. Throughput at its overseas region increased by 2.7% and accounted for 22.1% of total throughput.
Sri Lanka starts operations at East Container Terminal in Colombo
28 October, 2020
State-run Sri Lanka Ports Authority has started container operations at a new partially built terminal in Colombo that was idle for more than five years without cranes, the island’s Ministry of Ports said. MSC Emma which is sailing from Africa to China made the first call for the East Container Terminal.
Konecranes reports high profitability in a challenging market
28 October 2020
The Konecranes’ interim report January-September 2020 showed an increase in its profitability for the third quarter despite the challenges presented by COVID-19 during 2020.
In the third quarter Konecranes reported a record-high quarterly adjusted EBITA margin of 10.4%. However, despite this port solution order intake remained at a low level in Q3 and this area of the business continues to be impacted by travel restrictions.
October 6, 2020
The Eastern Economic Corridor (EEC) Policy Committee on Monday approved feasibility studies on three new development projects worth a combined 1.18 trillion baht, aiming to create connectivity between the government's flagship EEC and regional industry.
The three new projects are a trio of dry ports worth a combined 24 billion baht in Khon Kaen, Nakhon Ratchasima and Chachoengsao; a deep-sea port, motorway and double-track rail development network linking the Gulf of Thailand and Andaman Sea worth 168 billion; and the Thai Bridge Project (Saphan Thai) worth 990 billion.
October 2, 2020
Due to growing container traffic, the Vietnamese government is planning to build another container port on the outskirts of Ho Chi Minh City, with a number of sites under consideration.
Container volumes between East Asia and Southeast Asia, especially Vietnam, have increased due to trade tensions between the US and China, with manufacturers to shifting production from China to Vietnam.
That growth has led to the need for more port capacity. Ho Chi Minh City’s transportation department is reviewing four sites in accordance with the port development plan for 2021 to 2030. The department’s first choice is a site next to Long Tau River in Binh Khanh Commune.
30 September 2020
Massive infrastructure development has been one of President Joko 'Jokowi' Widodo’s main priorities.
However, the Covid-19 pandemic has halted several infrastructure projects as the government reallocates its budget to fund its fight against the disease while the outbreak disrupts construction activity.
In addition to the NCICD project, the ministry also vowed to continue the coastal barrier development in the northern part of West Java, Jakarta, Central Java and East Java provinces, which stretches for 59.1 km in total and costs around Rp 641.5 billion, as well as the 27-km-long Semarang-Demak toll road in Central Java.
21 September 2020
The Philippine Ports Authority (PPA) has formally launched a contact tracing system for COVID-19 in a bid to facilitate the movement of people inside the ports, the system could be rolled out to other transportation industries in the country. The tracing system has been developed jointly by PPA in-house information technology experts and Cosomotech Philippines. The system works through the mobile app Traze and has the capacity to trace the movement of individuals inside PPA facilities without connecting to the internet.
Sept. 17, 2020
European investors have proposed a US$984-million Cai Mep Ha logistics center in the southern province of Ba Ria – Vung Tau. The proposal was made at a meeting among Prime Minister Nguyen Xuan Phuc, Dutch Ambassador to Vietnam Eisbeth Akkerman, Belgian Ambassador to Vietnam Paul Jansen and European investors on September 16.
16 September 2020
The Southeast Asia trade is increasingly gaining ground with growing cargo volumes from the region during the pandemic period and it is possible more shipping companies will offer service updates in the region.
15 September 2020
During a recent webinar on the effects of the pandemic on port development and capacity, Eleanor Hadland, Senior Analyst, Ports and Terminals, at shipping consultancy Drewry, said there is evidence that a ‘co-investment model’ between capital funds and operators is gaining traction.
4 September 2020
Expansion works will begin on Sapangar Bay Container Port in Malaysia this year, resulting in the facility's annual capacity more than doubling, from 500,000TEU to 1.25 million TEU in 2023. The works will cost MYR1.3 billion (US$310 million), which will be borne by the federal government and port operator Sabah Ports.
4 September 2020
DP World and global institutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment through a new commitment of US$4.5bn that will increase the total size of the platform to US$8.2bn.
The enhanced platform will continue to target assets globally, but with an increased scope to broaden its footprint in existing geographies, as well as new regions such as Europe and Asia Pacific.
1 September 2020
A.P. Moller – Maersk (Maersk) has introduced strategic changes to improve customer experience as part of its drive to provide an integrated, end-to-end logistics offering.
In a statement Maersk said the Safmarine brand will be integrated into its broader operations to enhance customers’ access to the global integrated offering. Additionally, the Damco brand’s Air and LCL (Less than Container Load) offering will be combined with Maersk’s logistics and services products to complement its end-to-end offering.
28 August 2020
THE impact of the coronavirus pandemic has thrown the ultimate curveball when assessing the fortunes of the container port sector.
A deep layer of uncertainty has been cast over the industry — particularly in the short to medium term.
With the International Monetary Fund revising economic forecasts almost by the week, pinning down the exact direction of global trade is, frankly, a thankless task. Much hinges on secondary outbreaks and second waves of the virus, and whether it can be contained. A vaccine, of course, would be the game changer.
20 August 2020
DP World has said it has continued to make progress on its strategy of connecting the supply chain despite the effects of the COVID-19 pandemic. In its half-year results the terminal operator said its portfolio had delivered “a better than expected performance” in the first six months of 2020 but that the near-term remains uncertain. It saw its revenue fall by 11.6% on a like-for-like basis and earnings before interest, taxes, depreciation and amortisation (EBITDA) by 4.8%. Additionally, it also saw its volumes fall by 3.9% but this is significantly lower than the industry-wide decline of 10%.
August 12, 2020
Bangladesh will to allow foreign companies to participate in its port operations, a move designed to spark competition that businesses expect will yield better services. A decision was made at a government meeting Monday, while a decision is made on whether to operate the under-construction Patenga Container Terminal in “tool port” or “landlord” model.
August 1, 2020
MSC Mina made its maiden call at Hutchison Ports Thailand (HPT) in the Port of Laem Chabang, Thailand on July 30, 2020. The ship belongs to MSC Mediterranean Shipping Company’s Gülsün-Class of 23,000+ TEU ships that had been delivered and deployed into the carrier’s global shipping network in 2019 and 2020.
MSC Mina has a capacity of 23,656 TEUs, and is now officially the biggest container ship to call in Thailand. Measuring around 400 metres long and 61 metres wide, the ship can transport the equivalent of about 384 million pairs of shoes or 47,312 cars.
July 21, 2020
The Port Authority of Thailand (PAT) plans to spend 41.8 million baht upgrading Ranong's two ports as part of a plan to improve land and sea transport connections between Thailand and Bangladesh, Sri Lanka, India, Myanmar, Nepal and Bhutan. Thailand together with these countries is part of a bloc called the Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec).
PAT director-general Kamolsak Promprayoon said both ports of Ranong will be upgraded so that they are capable of serving 12,000 deadweight (DWT) cargo vessels. The project is expected to finish next year, he said.
July 17, 2020
Chinese port equipment manufacturer ZPMC has said six automatic rubber mounted gantry (RMG) cranes are on their way to the Tuas mega-port in Singapore.
In a statement, ZPMC said the RMGs left the ZPMC Chanxing Base on 10 July. They will be the first batch of equipment manufactured by ZPMC for the terminal, which will be the biggest in the world upon completion.
In total, ZPMC will provide 20 dual-trolley ship-to-shore (STS) cranes and 56 automatic RMGs to Tuas, which will be delivered in 10 different batches.
July 07, 2020
China State Shipbuilding Corporation (CSSC) has announced that an affiliate of the group has secured an EPC project for the development of a port in Bangladesh. Under the contract, CSSC will be responsible for the construction of a yard with ancillary facilities and utility services at Payra Port, the third largest port in Bangladesh. The project will commence this year and expected to completed in 30 months. The total value of the contract is $120m.
According to CSSC, Payra Port will be developed into a major deep sea port in the region and serve as an important hub for the economic corridor connecting China, India, Bangladesh and Myanmar. The Payra Port was inaugurated in 2016 and the port authority plans expand the port with the construction of a deep-sea coal and bulk cargo terminal.
June 18, 2020
Container terminals in South-east Asia may need to invest up to $13bn to keep pace with expected coronavirus-driven supply chain diversification from China.
According to Eleanor Hadland, senior analyst, ports and terminals at Drewry, in addition to the country’s rising costs and the trade war with the US, the pandemic is going to be yet another “push factor” reducing China-centric procurement models.
May 24, 2020
Port Authority of Thailand issued press-release with ports operations statistics during Oct 2019 - Mar 2020 period, which embraces ships calls and containers handling in ports of Bangkok (TOT), Laem Chabang (LCP), Ranong Port (Andaman sea), Chiang Saen and Chiang Khong Ports (Mekong river).
Bangkok Port recorded 1977 ship calls, increase 6.18% in comparison with the same period previous year, with total cargo turnover 11.024 million tons, increase 5.75%, and handled 0.725 mil TEU, increase 1.16%. Laem Chabang Port recorded 5200 ship calls, decrease 5.21%, with total cargo turnover 43.55 mil tons, decrease 4.96%. LCP handled 3.973 mil TEU, reduction 3.21%.
April 29, 2020
Hutchison Ports Thailand, the nation's leading port operator and an innovator in global 'smart port' port development, announced today that it is now the first port operator in Thailand and among the first in the world to acquire and test autonomous trucks at its Terminal D facility at Laem Chabang Port, Chon Buri.
The announcement marks a huge step forward for the development of the nation's 'smart' infrastructure along the Eastern Economic Corridor (EEC), with the autonomous 'Qomolo' trucks promising to improve efficiency and safety at its operations at Terminal D. The investment will not only benefit Hutchison Ports Thailand's customers and port users at Terminal D, but other stakeholders along the EEC; a key gateway to the greater Mekong region.