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PSA International Ventures into South-Western China

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first_imgzoom Singapore-based container terminal operator PSA International (PSA) has signed a joint venture agreement with China’s Beibu Gulf Port Group (BPG) and compatriot container line Pacific International Lines (PIL) to operate a new container terminal in Qinzhou City, Guangxi Province, China.The BEIBU GULF-PSA International Container Terminal is PSA’s first foray in the South-Western China region – one of the fastest growing economic regions in China.Accessible to Southeast Asia by land and sea, the region has been earmarked by the Chinese government as a key area for coastal development and collaboration with ASEAN countries.The terminal will support the container trade growth in the region and serve the vast hinterlands of Guangxi, Sichuan, Chongqing and Hunan. It will also connect the region to key shipping routes linking China to ASEAN countries, East Africa & the Mediterranean.Under the action plan for the ‘One Belt, One Road’ development, Guangxi is being positioned as an international corridor linking to the ASEAN region, and a strategic pillar to support the opening-up and development of the southwest and mid-south regions of China.It also forms an important gateway connecting the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.The joint venture will operate and manage a total quay length of 1,533m, with a designed capacity of 3 million TEUs per annum.It will be equipped with Super-Post Panamax quay cranes (of 23-row outreach) and provide a water-depth of 15.1 metres. Commencement of operations is expected in 4Q 2015.last_img read more

Annan urges Somali factions to pursue peace

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Stressing that no amount of goodwill and external support will bring peace to Somalia, the Secretary-General writes in a report released today that, “Outsiders can help, but only Somalia’s leaders can decide to end the suffering of their people and only they can decide to negotiate an end to the conflict.”Mr. Annan underscores concern about the proliferation of arms in Somalia, and calls for efforts to disarm and reintegrate Somali youths. He urges concerted international action to end the impunity with which armed groups continue to harass humanitarian and development agencies, causing further suffering to civilians and communities. He also calls on the authorities to ensure that aid workers are able to perform their tasks without fear of harm or any form of harassment.While hailing the fact that many of the 400,000 Somalis in exile have begun to return home with the help of the UN High Commissioner for Refugees (UNHCR), the Secretary-General warns of the large gap between the needs of returnees and their potential opportunities. “Unless this issue is resolved, the return of exiled populations is likely to continue to constrain the recovery process,” he cautions. Calling international funding for Somalia “disappointing,” the Secretary-General appeals to countries to generously support humanitarian and recovery efforts for the country. read more

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