Chinese companies to help Malaysia build deep sea port

[grey boy 2]

Chinese companies to help Malaysia build deep sea port
(CRI Online) 08:32, October 21, 2016

The file photo shows the scene of the Strait of Malacca in Malaysia. [Photo: cntingshu.net]

Three Chinese companies have been selected to help build a new deep-water port in the Strait of Malacca in Malaysia.


The project is part of the Chinese government's broader "belt and road" initiative.

PowerChina International, Shenzhen's Yantian Port Group and Rizhao Port Group have been selected to help a Malaysian company build the 1.9-billion US dollar port.

The project itself is part of the larger Melaka Gateway Project that China and Malaysia signed last month, which also includes real estate projects in Malaysia.

Malaysian Transport Minister Liow Tiong Lai says the new port is being built on a critical waterway.

"On an annual basis, over nearly 100,000 vessels ply the Straits of Malacca as its strategic location is part of the east-west maritime gateway. So clearly, there is a significant opportunity and potential for growth."

The main tender for the port project is Malaysian firm KAJ Development.

Once completed, the company says the port will also contain a liquid cargo terminal which will be able to hold fuel, chemical products and vegetable oil.

At the same time, as part of the Melaka Gateway Project, a number of Malaysian companies and the Provincial government in Guangdong are planning on developing the island of Pulau Melaka into a maritime activities center.

It will include a bulk container terminal, ship repair services and a maritime industrial park.

China's ambassador to Malaysia, Huang Huikang, says the joint project will be a major hub on the "Belt and Road."

"Melaka Gateway and Melaka Maritime Industrial Park could serve as a model for cooperation between China and Malaysia, and for all countries interested in taking part in the 21st Century Maritime Silk Road initiative."

The development of the Melaka Gateway Project is slated to be complete by 2025.

The port is due to be operational 6-years earlier, in 2019.
http://en.people.cn/n3/2016/1021/c90000-9130607.html

 

[艹艹艹]

Singapore

 

[Bussard Ramjet]

Chinese companies to help Malaysia build deep sea port
(CRI Online) 08:32, October 21, 2016

The file photo shows the scene of the Strait of Malacca in Malaysia. [Photo: cntingshu.net]

Three Chinese companies have been selected to help build a new deep-water port in the Strait of Malacca in Malaysia.


The project is part of the Chinese government's broader "belt and road" initiative.

PowerChina International, Shenzhen's Yantian Port Group and Rizhao Port Group have been selected to help a Malaysian company build the 1.9-billion US dollar port.

The project itself is part of the larger Melaka Gateway Project that China and Malaysia signed last month, which also includes real estate projects in Malaysia.

Malaysian Transport Minister Liow Tiong Lai says the new port is being built on a critical waterway.

"On an annual basis, over nearly 100,000 vessels ply the Straits of Malacca as its strategic location is part of the east-west maritime gateway. So clearly, there is a significant opportunity and potential for growth."

The main tender for the port project is Malaysian firm KAJ Development.

Once completed, the company says the port will also contain a liquid cargo terminal which will be able to hold fuel, chemical products and vegetable oil.

At the same time, as part of the Melaka Gateway Project, a number of Malaysian companies and the Provincial government in Guangdong are planning on developing the island of Pulau Melaka into a maritime activities center.

It will include a bulk container terminal, ship repair services and a maritime industrial park.

China's ambassador to Malaysia, Huang Huikang, says the joint project will be a major hub on the "Belt and Road."

"Melaka Gateway and Melaka Maritime Industrial Park could serve as a model for cooperation between China and Malaysia, and for all countries interested in taking part in the 21st Century Maritime Silk Road initiative."

The development of the Melaka Gateway Project is slated to be complete by 2025.

The port is due to be operational 6-years earlier, in 2019.
http://en.people.cn/n3/2016/1021/c90000-9130607.html

This project will be a total wastage. Global trade today is shrinking, and their seems to be no respite. There is already an overcapacity in ports.

Government funds and companies have no concept of the market! Better throw the money in the bins.

 

[AndrewJin]

SingaporeView attachment 345162

Singapore

 

[GS Zhou]

This project will be a total wastage. Global trade today is shrinking, and their seems to be no respite. There is already an overcapacity in ports.

Government funds and companies have no concept of the market! Better throw the money in the bins.

Any comments on the following piece of news?

India to Build 8 New Major Ports
14 Apr 2016 Cargo Volumes and Throughput, Container Handling, Containers, Going Places, Port Planning, Ports


The Indian government has announced that it is looking to build eight new major ports in the country, which would put the total number of ports up to 20, according to the Economic Times.
Nitin Gadkari, Ports Minister and Union Shipping, said: "We are planning to add eight new major ports, including the three already announced -- at Wadhwan in Maharashtra, Sagar in Bengal and Colachel in Tamil Nadu.”

 

[Bussard Ramjet]

Any comments on the following piece of news?

India to Build 8 New Major Ports
14 Apr 2016 Cargo Volumes and Throughput, Container Handling, Containers, Going Places, Port Planning, Ports


The Indian government has announced that it is looking to build eight new major ports in the country, which would put the total number of ports up to 20, according to the Economic Times.
Nitin Gadkari, Ports Minister and Union Shipping, said: "We are planning to add eight new major ports, including the three already announced -- at Wadhwan in Maharashtra, Sagar in Bengal and Colachel in Tamil Nadu.”

Yes, India, for its size has too small capacity. We are already facing backlogs and long waiting times at our ports. So new ports are required.

Apart from that, India is a 2 trillion economy, that will grow at 7-8% for the next 2 decades. That will generate enormous demand.

On the other hand, Malaysia is neither a big economy, nor is growing or expected to grow that rapidly, can't compete for international trade because it is declining, and facing overcapacity.

One more thing, India is planning to improve coastal shipments of goods. Today, those kind of shipments are very very less. The minister you cited specifically wants goods to use India's long coastlines for shipping.

So in essence, India is not looking for a pie of already existing trade. It is doing capacity addition for our own anticipated demand.

While Malaysia, is looking forward to international trade. Malaysia already has reasonable port facilities to handle its own traffic.

 

[GS Zhou]

Yes, India, for its size has too small capacity. We are already facing backlogs and long waiting times at our ports. So new ports are required.

Apart from that, India is a 2 trillion economy, that will grow at 7-8% for the next 2 decades. That will generate enormous demand.

On the other hand, Malaysia is neither a big economy, nor is growing or expected to grow that rapidly, can't compete for international trade because it is declining, and facing overcapacity.

That's exactly the answer I'm expecting.

What a perfect example of double standard. You definitely have the potential to work for the western media!

 

[Bussard Ramjet]

That's exactly the answer I'm expecting.

What a perfect example of double standard. You definitely have the potential to work for the western media!

Tell me where will Malaysia bring demand for a completely new port when even present ports are facing shortage of demand.

 

[Lure]

That's exactly the answer I'm expecting.

What a perfect example of double standard. You definitely have the potential to work for the western media!

Only India may need ports. For the rest of the world especially China, it's just a waste. Get used to it

 

[艹艹艹]

This project will be a total wastage. Global trade today is shrinking, and their seems to be no respite. There is already an overcapacity in ports.

Government funds and companies have no concept of the market! Better throw the money in the bins.

You don't understand the political significance of the Malacca Strait.There is a country very rogue.

 

[coffee_cup]

SingaporeView attachment 345162

How many of these you have man?

Would love to see your collection,

 

[艹艹艹]

How many of these you have man?

Would love to see your collection,

 

[bolo]

SingaporeView attachment 345162

Singapore

You don't understand the political significance of the Malacca Strait.There is a country very rogue.

Malaysia

 

[GCTom]

It is good to see China is keeping up investment in Malaysia. One day Malaysia will become as big, if not bigger, port operating country than Singapore.

 

[Shotgunner51]

Good progress.

For Malaysia, in 2014, Port Klang ranked the world's 12th largest port, and Tanjung Pelepas ranked 18th, combined throughput was 19.45 million TEU. Let's see if this project can further uplift overall port capacity of Malaysia as a whole. Though Singapore is still world's 2nd largest port by quite a distance.

For Chinese (e.g. China Merchants, CNOOC, Yantian Group; including HK e.g. Hutchison Group) outbound investment and infra engineering, I expect to see continual global expansion in ports.

http://www.worldshipping.org/about-the-industry/global-trade/top-50-world-container-ports