It is the first significant expansion of the port since the 1970s, and laboratory tests were now being complemented by a major field trial.
Recent overseas acquisitions by COSCO Shipping Ports include the Euromax Terminal in Rotterdam, Khalifa Port Container Terminal 2 in Abu Dhabi, and the reefer terminal and Vado Container Terminal in Italy.
The authorities are said to be targeting port operations along the anchorage area off Samarinda in East Kalimantan, resulting in almost 30 bulk carriers waiting offshore to load coal.
The capacity of CMA CGM and PSA’s joint-venture container terminal in Singapore is set to double to 4 million teu.
North Queensland Bulk Ports said on Sunday that because of Cyclone Debbie, the harbour master had closed the ports and ordered ships to anchor until further notice.
Cost savings of up to 5.4% can be realised when the number of transhipment hubs is reduced from three or two to one, in extended regions such as Asia, the Mediterranean, and the Caribbean.
Dalian is currently China’s first and largest port with at least three 300,000 tonne wharves.
PSA announced a 7.5% drop in net profit to S$1.17 billion (USD837 million) in 2016 despite rising volumes and revenues at its global operations.
The bidder quoting the lowest fee for the work will be awarded the deal which is expected to be finalised in the next few days.
The port authority (RPA) will also invest, building a new 1,100 m-long quay capable of berthing vessels ranging in size up to VLCCs with a draught of 21 m.