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Emerging Economies

Construction has started on a new harbour project at Magoodhoo in the Faafu Atoll of the Maldives that will create a new harbour 152 metres long by 76 metres wide and will include construction of rock revetment and quay wall.

India’s Shipping Minister Nitin Gadkari is widely expected to finalise investment plans for major upgrade work at Iran’s Chabahar port this week when he meets with Iranian authorities in Tehran.

Improved integration of transport infrastructure combined with regulatory reform and investment in Oman could propel port growth in the country, according to global port operator APM Terminals.

Russian authorities are planning to site the country’s first free port in Vladivostok, according to local media reports that cite governor Sergey Nekhaev as stating a launch date of 2016.

Filipino port operator International Container Terminal Services Inc. (ICTSI) is hoping to complete two large scale port projects in Africa at sites with capacity of over 1 million TEU each, according to president Enrique Razon Jr.

The Kenya Ports Authority (KPA) has selected a shortlist of 12 firms to bid for the tender to run the second container terminal at the Port of of Mombasa and accelerated the deadline to commission the facility from March 2016 to November this year. 

Bulgaria’s Port Varna on the Black Sea's west coast is set to receive a reported investment of $3.6 million, according to chief executive of the Varna Port Authority, Petar Seferov.

China has overtaken India as the largest trading partner for the United Arab Emirates as competition in the shipping sector between Asia and the Middle East has driven growth in the region.

Jamaican authorities have reportedly approved French shipping group CMA CGM for a long-term concession to operate and develop the island’s main port the Kingston Container Terminal (KCT).

Authorities in the Maldives islands are reportedly in talks with operator DP World to move commercial port facilities from the Port of Malé to Thilafushi, an artificial island in the south of the island chain.


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