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Contship Italia has signed an agreement to sell 50% of CSM Italia-Gate, the sub-holding company controlling 66.7% of the Medcenter Container Terminal (MCT) at the Port of Gioia Tauro in Italy, to Terminal Investment Limited (TIL).

14/1/12: Odfjell subsidiary Odfjell Terminals Asia has signed an agreement to establish a joint venture with Nangang Port Company (NPC) to develop a bulk liquid chemicals, petroleum products and gases terminal within the Nangang Industrial Zone (NIZ) in Tianjin, China.

14/1/12: The Port of Antwerp reports that the first phase of the Beverdonk Container Terminal (BCT) on the Albert Canal has commenced operations.

The Indian government is looking to attract investments worth INR 2.9tr ($56.3bn) in order to boost overall port capacity to around 3.2bn tpa.

13/1/12: Indonesia’s Transport Ministry will reportedly contribute IDR 3tr ($330.5m) towards the construction of Kalibaru Port in North Jakarta.

10/1/12: Philippines-headquartered International Container Terminal Services Inc (ICTSI) has confirmed reports that it is to spend $125m improving the infrastructure and cargo handling capabilities of the Manila International Container Terminal (MICT).

Netherlands-headquartered Verwater has been appointed to undertake the phase 6.1 expansion of the Argos fuel terminal within the Port of Rotterdam. 

Kinder Morgan Energy Partners has acquired TransMontaigne Partners’ 50% interest in the Battleground Oil Specialty Terminal Company (BOSTCO) project, a $430m oil terminal currently under development on the Houston Ship Channel in Texas.

9/1/12: Jawaharlal Nehru Port Trust (JNPT), India’s largest container port, expects to begin work on a $299.2m capital dredging project this month.

9/1/12: Indonesia’s state-owned oil and gas firm PT Pertamina intends to develop a 300,000 m3 fuel terminal on the island of Sambu in the Riau Islands.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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