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Emerging Economies

The Indian government is to lease out six minor ports in Karnataka State in a bid to kick-start infrastructure development and attract private investment.

Construction of Phase 1 work at ICTSI’s Port of Manzanillo in Colima, Mexico has been completed at a cost of $222 million, Hellenic Shipping News reports.

Argentine authorities are considering plans to construct a new deep-water port at Punta Indio and a 50-kilometre long, 50-feet-plus-deep access channel, the Buenos Aires Herald reports. The General Ports Administration (AGP) also envisages creating links to existing hubs at Dock Sud, La Plata and possibly Zárate.

The first round of investment in Cuba’s Mariel Special Development Zone (ZEDM) is expected later this year or early 2015, the state’s news agency Granma reports.

It has been a tale of two trends during September at the Brazilian port of Santos, with container movement lifting by a healthy 18.4%, up 3.7 million tonnes, while all other cargo types fell.

The government of the Netherlands has reportedly declared an interest in investing in Bangladesh’s proposed deep-sea port at Sonadia.

Terminal operators Kingston Wharves Limited (KWL) have announced plans to begin construction next month of a new $20 million logistics centre at their site in Newport West, Jamaica. The facility will cover more than 150,000 square foot and is expected to be complete in 2015.

Terminal operator DP World has received the first scheduled vessel at the new Jebel Ali Container Terminal 3 southwest of Dubai in the United Arab Emirates.

The Jamaican government has commenced negotiations with Terminal Link Consortium to privatise the island state’s Kingston Container Terminal (KCT).

The Indian government has approved proposals to invest $85.21 million in the development of Chahbahar Port in Iran. The proposal will see the port operated via an Indian JV company, composed of Jawaharlal Nehru Port Trust (JNPT) and the Kandla Port Trust (KPT), which will sign a 10 year leasing agreement.


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.

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