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ICTSI Pakistan launches rail service

A new on dock-rail service connects Karachi and Lahore.

The first train of the Karachi-Lahore service departs from PICT.

Pakistan International Container Terminal (PICT), a subsidiary of International Container Terminal Services, Inc. (ICTSI), in cooperation with the state-owned Pakistan Railways, recently successfully launched a dedicated rail cargo service connecting the cities of Karachi and Lahore.

ICTSI acquired a majority stake in PICT in 2012. PICT holds a 21-year concession at Karachi Port for a period of 21 years, commencing 2002.

“As the only terminal at the Port of Karachi with internal rail connection, PICT enjoys a competitive edge in local market, and expects to improve its global competitiveness with this new feature,” ICTSI stated.

Khurram Khan, PICT chief executive officer, said “PICT hopes to be the container terminal of choice for trade at the Karachi Port. Our leadership strives to implement initiatives that provide customer-centric solutions in line with the Government’s strategic plans. This rail service provides us with more efficiency and flexibility. As an alternative, rail transport, this reduces the cost of doing business for clients. At the same time, this helps alleviate congestion on the city roads. We thank and congratulate all the parties involved in making this possible.”

PICT is focused on developing value added services, and Khan said the new rail service is a key step towards providing “end-to-end logistics solutions for our customers.” In particular the new service is targeting agricultural goods, textiles, fertilizers, sports goods, electronics and consumer goods that move from Karachi to upcountry markets. The distance by road from Karachi to Lahore is around 1,250km.

Source: WorldCargo News

Opportunities in the Ukraine

New President Volodymyr Zelenskyi and his team have an opportunity to reset the climate for investing in the country’s ports, say leading local experts

At the moment there is a concession pilot project conforming to European norms under way for the public stevedoring companies in Olvia (formerly Oktyabrsk) and Kherson. The international Financial Corporation funded the feasibility studies for potential investors.

The studies were led by Australia-based infrastructure development advisers Castalia as a general contractor, together with MTBS Ukraine (a brand of Maritime & Transport Business Solutions and Interlegal), Tebodin Consultants and Engineers, Gide Loyrette Nouel, and Ernst & Young (EY Ukraine).

The feasibility studies and corresponding tender documents were published in May this year.

Arthur Nitsevych, a partner in Interlegal, the Kiev-based legal and business consultancy firm, points to a new draft law on concessions that is aimed at aligning local legislation with common practice in developed countries.

There are also bills to amend the Merchant Shipping Code and Law on Ports, and draft laws on inland waterways and intermodal transport, with input now coming from the European Business Association and the American Chamber of Commerce.

Nitsevych says concession rules need to be more flexible, for example allowing for the possibility to change the concessionaire company and allowing the investor to sign the agreement directly with the port authority instead of the public property control agency. Also, the environment impact assessment must be agreed by the relevant bodies prior to signing a concession agreement. This is all included in the latest draft bill passed by the relevant parliamentary committee.

Port dues, he continues, remain uncompetitive and need to come down, and for this to happen the method of calculating them needs to be simplified and more transparent. Sometimes port operators feel they are being charged more than once for the same service.

Finally, argues Nitsevych, pilotage services need to be denationalised and opened up to competition.

Still more investments are planned for Container Terminal Odessa

To date, the most successful example of inward investment in the seaport sector, at least as far as container handling is concerned, is Container Terminal Odessa (CTO), operated by HPC Ukraina.

To date, HHLA has already invested more than US$150M in CTO and last year announced a new investment plan. "The mere fact of launching a new investment program is a landmark event for us and shows our belief in success of our container terminal in Odessa port and the prospects for the development of Ukrainian economy as a whole," said CTO’s President Philip Sweens.

Citing figures from the Ukrainian Seaports Association, Interlegal’s Igor Kazakutsa points out that CTO handles the lion’s share of containers moved over the country’s ports – 338,000 TEU out of a total of 846,500 TEU. Key customers are Zim, MSC, Yang Ming Hapag-Lloyd, Arkas and the ONE Alliance.

Source: WorldCargo News