Head Delegate Acquisition & Sponsorships
Tel: +91 80 46567013
Currently, global port construction projects are valued at approximately US$461.1 billion; of this, US$160.1 billion is in the planning stage where Asia-Pacific accounts for the highest value with US$183.2 billion.
One of the World`s busiest shipping straits located in the Southeast Asia region keep attracting massive new port and logistics related investments from governments and the private sector. Simultaneously multiple port projects are in planning & construction phases in the various countries.
Globally, the largest projects currently in the pipeline are the US$22.8 billion Carey Island Port Klang Extension in Malaysia, followed by the US$20 billion Payra Seaport Development in Bangladesh. Indonesia`s New Priok and Patimban Ports, Singapore`s Tuas South project, Myanmar`s Dawei project, Thailand`s Laem Chabang expansion and Vietnam`s port privatization plans are among the many developments turning Southeast Asia currently into one of the most eager region for the port sector.
At the 5th South-East Asia Port Expansion Summit, government officials, investors, port authorities and port & terminal operators from the entire South-East Asia region will go in discussion with consultants, architects, construction companies, equipment providers and service groups, in order to better explore the market and support the project developments. Topics will range from AMPC initiatives and impact of China`s Maritime Silk Road, to improvement in customs clearance, port management and operations, to the newest tech developments and how to cater to the new shipping alliances.
Investments from OBOR in Indonesia lower than in other countries Pelindo I to partner with Port of Rotterdam, to ask Chinese firms to join. The Transportation Ministry is gunning for no less than US$25 billion in investments from China, as President Joko “Jokowi” Widodo is scheduled to attend the One Belt One Road (OBOR) summit on Sunday and Monday. The expected investments will include those for port development outside Java, namely Bitung Port in North Sulawesi and Kuala Tanjung Port in North Sumatra. “Kuala Tanjung and Bitung [seaports] are future international hubs […] Our investment priority will be directed at those two places,” Transportation Minister Budi Karya Sumadi said… Read more
Once our path was clear, we worked on boosting investment confidence by strengthening our fundamentals. This is where the second phase of the masterplan – the enhancement of domestic growth – comes into the picture, with the objective of improving the connectivity and integration of our logistics services.
One such example is Port Klang. Considered by many as the Load Centre for Malaysia, the port is currently transforming to become more competitive in today’s fast-paced economy. Our ultimate aim is to propel the world’s 11th busiest port to the top 10 category. To do so, we have planned the Carey Island port project in Selangor to extend Port Klang’s reach and capacity.
Dubbed by some as a “dark horse”, the port project, which will increase Port Klang’s overall cargo from Sumatra, Indonesia, and Thailand and cement its position as one of the key hubs in Asia, gathered momentum with the signing of a memorandum of understanding (MoU) between MMC Port Holdings Sdn Bhd (MMC Ports) and India’s Adani Ports and Special Economic Zone Ltd (APSEZ) to conduct a feasibility study of the project, which is estimated to spur RM200bil in investments.
In a further game-changing development, MMC Ports, Sime Darby Property Bhd and APSEZ also signed a separate MoU to study the feasibility of the development of an integrated maritime city, worth an estimated US$22.78bil (RM100.87bil), to support the Carey Island port project. Read more
A series of meetings at the highest levels in the last month or so has led to the Myanmar government forming a new high-level committee in order to restart and speed up the work on the project.
The lead Thai developer — ItalianThai Development (ITD) Plc — involved in the scheme renewed their interest in pressing ahead with the project after talks with both the Thai and Myanmar governments. The grandiose plan involves building a deep-sea port, creating an industrial zone and developing modern rail and roads links between the Dawei Special Economic Zone and Thailand’s Kanchanaburi province – and Bangkok. For other foreign investors the deep-sea port at Dawei and the improved transport connections between Myanmar’s southern region and Thailand is particularly attractive. Read more