The next few years up to the end of the decade will see cargo-handling activity at the port of Busan in South Korea gradually concentrated into the New Port Complex. This will allow the port authority to invest and convert the city's North Port into a cruise, leisure and recreational facility.
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.
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.
Brazilian mining company Vale has opened a new $1.4 billion port terminal in Malaysia aimed at reducing its costs to sell iron ore into Chinese markets. Located on the Strait of Malacca between Kuala Lumpur and Penang, the deepwater port is part of a growing trend for large-scale developments that offer economies of scale for shipments.
The Indian government has removed two warships from the Port of Kolkata following intelligence reports that terrorists may have plans to attack the site.
The government of the Netherlands has reportedly declared an interest in investing in Bangladesh’s proposed deep-sea port at Sonadia.
The Port of Asim in Pakistan is set to receive its first liquefied natural gas (LNG) consignments via the new Engro Elengy Terminal by January 26, 2015.
Port technology provider Navis, a subsidiary of Cargotec, has announced the implementation of its Navis N4 terminal operating system (TOS) on behalf of Modern Terminals Limited (MTL) at its Kwai Tsing Container Port, Hong Kong.
A new $40 million extension to Katoen Natie's terminal at Jurong Logistics Terminal in Singapore was inaugurated this week.
Chinese energy firm Zhejiang Energy Group and Zhejiang Provincial Financial Holdings have formed a joint venture port investment company Zhejiang Haitou Group with initial capital of RMB6.4bn ($1.04 billion).