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.