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Emerging Economies

India needs more investment in its ports and shipping infrastructure, according to analysis by the independent research body, Centre for Monitoring Indian Economy (CMIE) but the outlook is positive with the investment climate having picked up in recent months and $950 million of projects in the transport logistics services sector secured between now and 2016.

Philippine port operator International Container Terminal Services, Inc. (ICTSI) plans to spend $330 million to expand and upgrade its Manila terminal capacity over the next ten years, new agency Malaya reports. .

Panama’s port of Balboa is set to receive investment of $110 million through 2015, from operator Panama Ports Company (PPC), a subsidiary of Hong Kong-based conglomerate Hutchison Whampoa.

French container and shipping company CMA CGM has announced changes to its service between Africa and India with the introduction of a new call in Nhava Sheva, India.

Following the lifting of a truck ban at the Port of Manila the Philippine government is still facing issues clearing backlogs and bottlenecks at the port.

Private investment will support the development of five new ports in western India, according to Karnataka state minister of ports, Baburao Chinchansur. The projects are planned in Honnavar, Manki, Mavinakurve Basavaraj Durga Island, Belekeri and Thadadi in Uttara Kannada district and are hoped to atttract investment of over $1 billion.

A consortium of companies has signed a Letter of Intent (LOI) for the construction of a new terminal for cruise and cargo ships in the Russian city of Pionersky in the Kaliningrad Region.The LoI was signed by project partners FSUE Rosmorport, MSC Group and the Governor of the Kaliningrad Region.

Plans to increase through-put at Mozambique’s Maputo port will result in $3 billion in investment by 2020, according to the Maputo Port Development Corporation (MPDC).

Development of deep water ports in West Africa between Dakar and Pointe Noire is expected to add at least 11.5 million TEUs of capacity by 2020, according to Michel Donner, Senior Advisor at Drewry who spoke at Port Finance International Morocco conference last week.

CMA CGM today announced that its Amerigo service will be introducing next month a new weekly call in Miami, which it says will develop market opportunities with Florida and Mexico.


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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