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Emerging Economies

The new Tecplata container terminal in Buenos Aires has opened after two years of delays but the outlook remains uncertain as the city faces declining ports volumes as it is forced to battle with neighbouring Brazilian ports for business.

An agreement to start work on the $1.9 billion Sagar Port project near Kolkata is expected to be signed tomorrow by the Indian Road Transport, Highways and Shipping Minister, Nitin Gadkari.

The EU has agreed to supply a €400,000 grant to the Port of Tenerife to study the potential for developing the site into a deepsea transhipment hub for shipping lines servicing West African markets.

The World Bank is preparing to finance $1.2 billion in port development projects for East African Community (EAC) states in a bid to improve transport infrastructure and inland waterways.

Terminal operator Westports Holdings is to invest $300 million to expand its container terminal operations at Port Klang in Malaysia.

Terminal operator International Container Terminal Services Inc. (ICTSI) has announced plans to expand its Subic port on the west coast of the island of Luzon in Zambales, Philippines.

China is to invest $622 million for to develop the deepwater Port of Gwadar in Pakistan, Reuters reports. The investment in the strategically important port is part of a much larger $45.6 billion commitment China made this week to infrastructure projects across Pakistan.

Vietnam’s Investment Promotion and Business Support Centre (IPBSC) is seeking investment for the construction of a new sea port at Thinh Long sea port as part of a $4 billion strategy to develop an economic hub in the northern province of Nam Dinh.

Danish operator APM Terminals has signed a Memorandum of Understanding (MOU) with the Ghanian government to develop a $1 billion expansion the Port of Tema. The deal will see APMT partner with Bolloré Africa Logistics (Meridian Port Holdings) and the Ghana Ports and Harbours Authority (GPHA) to deliver the project via a joint venture structure known as Meridian Port Services (MPS).

Danish shipping firm Maersk Line is keen to place orders for new Triple-E vessels within the next six months, the Wall Street Journal reports


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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