CSSC Guangzhou Huangpu to build up to 8 PSVs for Basic Offshore

PostTime:2012-12-06 08:47:24 View:600

Chinese CSSC Guangzhou Huangpu Shipbuilding has entered into a contract with Singapore-based company Basic Offshore for construction of two firm and six optional platform supply vessels (PSVs), news provider Asiasis said today without naming its sources. The ships will have a capacity of 4,200 deadweight tonnes (dwt) and will be able to perform light subsea construction activities. The first two are scheduled for delivery in 2014. Financial details were not available. The PVSs are expected to be deployed in West Africa, Asiasis said. CSSC Guangzhou Huangpu Shipbuilding is an affiliated company of China State Shipbuilding Corp (CSSC).  

Guangzhou Port Group's investment in Nansha surpasses US$3.2 billion

PostTime:2012-11-02 08:06:03 View:1202

GUANGZHOU Port Group chairman Chen Hongxian recently revealed that group's investment on projects at the Nansha port area has exceeded CNY20 billion (US$3.2 billion), Xinhua reports. Mr Chen also said the multi-use terminal and the grain handling facility at Nansha will be finished by year end, while the third phase expansion of the port area is soon to be launched. In the coming five years, Guangzhou Port Group plans to spend another CNY10 billion on port facilities at Nansha, bringing another 100 million tonnes' to the capacity and raising the throughput to 13 million TEU in terms of container and 240 million tonnes in terms of tonnage. Nansha plans to enhance its ability to build up a number of terminals for containers and bulk as well as river-sea intermodal service. In the meantime, it will develop faster connection to airports and railway stations in neighbouring cities including Hong Kong and Macau.

Guangzhou Shipyard posts RMB44.6m Q3 loss

PostTime:2012-11-01 08:19:20 View:708

Continuing the poor performance of Chinese yards, Guangzhou Shipyard posted a third quarter loss of RMB44.6m as sales slumped by a third to RMB1.4bn, Seatrade Asia online reports. The company blamed lower prices and provisions for possible cancellations for the poor results.

CSSC Guangzhou Longxue Shipbuilding to restart building VLCCs

PostTime:2012-10-22 08:17:30 View:1066

CSSC Guangzhou Longxue Shipbuilding will restart building VLCCs after a long time following landmark orders from COSCO Dalian, SinoShipNews reports. “In cooperation with Guangzhou Shipyard International we got the VLCC orders from COSCO Dalian, and the VLCCs will be built by Longxue. Except the four big oil tanker orders at the beginning stage of our yard, we have not built any VLCCs yet, so to some extent, it could be said as the first time for our yard to build VLCCs,” an official from Longxue told SinoShip News. “We just get the news for the VLCCs orders, more details and the formal contract situation should be confirmed later,” the official added. It looks likely that Cosco Shipyard Dalian and NACKS are also the recipients of COSCO Dalian’s tanker ordering spree, although spokespeople for both these yards refused to confirm the orders. COSCO Dalian currently owns and controls more than 20 VLCCs and is the lead party in China’s first ever VLCC pool, which will see state run firms order as many as 70 to 80 tankers in a move that has sent shockwaves throughout the already depressed international VLCC market.

China Southern plans to turn Guangzhou hub for Europe, Oceania transits

PostTime:2012-09-11 08:05:50 View:843

CHINA Southern Airlines revealed during a recent promotion conference in Wuhan that it plans to make it Guangzhou hub a transit point for European and Oceanianic flights. Xinhua reported that most Chinese European-bound passengers transit at Dubai or Singapore, representing a loss of business, inducing China Southern to consider breaking into the international transit market. Until now China was unable to participate due to limited customs facilities and infrastructure. But as international volumes increase, Chinese carriers are outpacing foreign rivals and are considering participation in what is now a third country transit market. A flourishing domestic air market has provided a solid foundation for Chinese carriers' international service, while depressed overseas markets offer expansion opportunities. China Southern Hubei general manager Cai Zhizhou said the cost of launching services and competitive pressures are lower today than they were. Buying aircraft is cheaper, for example, he said, adding that expansion during weak economic conditions can result in market share gains. Since 2009, China Southern has focussed on Australia as its key overseas market and is now turning to Europe. With China Southern's expanded network, Guangzhou's transit opportunities has grown from 14,811 passengers in the summer in 2009 to 24,222 this summer. For three years, the China Southern capacity deployed on the Oceanianic flights has grown more than 50 per cent. In 2009, there were 14 flights per week; today there are 42 going to Sydney, Melbourne, Brisbane, Perth and Auckland. In the first half of this year, China Southern carried 306,800 passengers on the Australian flights, up 28.4 per cent year on year, taking up 45 per cent of China's total. Passenger transits via Guangzhou to Australia have also increased from 148,000 in 2010 to 343,000 in 2011. On October 28, the carrier will also increase the Guangzhou-London service to one flight per day and bring the weekly service to Europe to 12. On December 18, China Southern will also start a new flights to Cairns and increase its Australian destinations to six. By the end of 2015, China Southern expects to operate more than 110 Australian flights per week.

Guangzhou to build rail line connected to Nansha container terminal

PostTime:2012-09-05 08:23:44 View:704

GUANGZHOU will start building a railway linking Nansha port area next year for cargo distribution, Xinhua reports. The Nansha railway will be an express freight railway connecting the Guangzhou-Zhuhai line, covering a distance of 101.1 kilometres. The CNY9.2 billion (US$1.45 billion) project is said to be significant to the development of Nansha into a hub connecting the east and the west of Pearl River Delta. The project won the approval of the Guangdong provincial government in December.

News Search Search... Concordia Maritime orders two chemical tankers from Guangzhou Shipbuilding

PostTime:2012-06-25 08:30:07 View:656

Guangzhou: Jumping on the efficiency bandwagon, Concordia Maritime has ordered two 50,000 dwt chemical parcel tankers from Guangzhou Shipbuilding International (GSI) for delivery end-2014/beginning-2015 valued at around SEK550m ($78.4m).Concordia plans to employ the vessels in the open market through its partner Stena {非本站网址}ncordia has no doubt been attracted by the more attractive current newbuilding prices and is taking its chances in the open market, banking on a strong partner in Stena Weco and the higher efficiency of the new designs. The vessels are part of a series of six tankers designed by Stena Weco and Stena Bulk and developed by Stena Teknik together with GSI. Stena Weco is a joint venture between Stena Bulk and the Denmark flag, Danish Dannebrog, which was formed a little over a year ago. It runs operations from offices in Copenhagen, Singapore and Houston.  

Guangzhou Port Group's April throughput exceeds target

PostTime:2012-06-08 08:18:54 View:822

GUANGZHOU Port Group recorded a container throughput of 1.07 million TEU in April, 2.2 per cent more than in its monthly target. Its throughput tonnage also surpass target by 1.5 per cent, amounting to 27.41 million tonnes, Xinhua reports. During the first four months, the group's container throughput climbed 17.8 per cent to 3.85 million tonnes. Throughput tonnage grew 13.9 per cent to 101 billion tonnes. In April, Guangzhou Port Group's container "shuttle bus" service to hinterland regions moved 45,000 TEU, a robust increase of 60.7 per cent over the same month in 2011. During this period, the port's railway distributed cargo volume grew to a new high of 920,000 tonnes.

Guangzhou railway Huizhou section revenue surpasses annual target

PostTime:2012-05-21 08:27:34 View:745

GUANGZHOU Railway Huizhou section posted a revenue of CNY1.05 billion (US$166 million) last year, CNY8.9 million more than its annual target, Xinhua reports. Last year, Guangzhou Railway Huizhou section enhanced its efficiency and optimised its operations, and handled 704,211 tonnes of sea-rail intermodal cargo, a sharp increase of 573 per cent over 2010's volume. This year, Huizhou section aims to achieve a year-on-year growth of 23 per cent in its cargo movement. To meet the target, the railway is seeking to sign transportation agreements with a number of steel plants and reduce transport charges.  

Guangzhou Shipyard hit by lower ship prices

PostTime:2012-04-28 08:40:21 View:516

Guangzhou: Shipbuilder Guangzhou Shipyard saw first quarter net profit fall by more than half to RMB79.41m ($12.6m) from RMB174.89m previously.The company said the decline in the shipbuilding market caused the prices of ships under construction to drop sharply compared to the first quarter of 2011, and this adversely affected both operating income and gross profit margins. and caused a decline in profits from its shipbuilding operations. Guangzhou Shipyard warned that lower prices would continue to prevail and the "operation situation of the company will be serious in 2012".

Guangzhou Railway Group signs cooperation agreement with three ports

PostTime:2012-03-22 08:19:56 View:777

GUANGZHOU Railway Group has signed a cooperation agreement with Hunan's port of Yueyang, and Guangdong's port of Guizhou and Guangzhou, on jointly developing water-rail intermodal services, Xinhua reports. According to the agreement, Guangzhou Railway Group's business volume of water-rail intermodal to Yueyang, Huizhou and Guangzhou will increase 35 per cent, 23 per cent and 17 per cent. Guangzhou Railway Group discussed with the three ports on increasing water-rail intermodal capacity and freight volume. The group will set up a workshop with the ports to strengthen their exchange and enhance operational efficiency.  

Guangzhou and Maoming joins hands on port projects

PostTime:2012-03-05 08:07:25 View:813

GUANGZHOU Port Group has signed a strategic cooperation heads of agreement with government of Maoming, a city in southwestern Guangdong province, on multiple port projects including building a 300,000-tonne terminal, Xinhua reports. The two parties also agree on developing Maoming into a regional shipping and logistics hub for trade between hinterland China and ASEAN countries. Maoming is speeding up the development of the 1,688-square-kilometre "New Coastal Area" approved by Guangdong province government. The area is planned to become the locomotive of local economy. Maoming has ideal conditions for building deepwater ports and is well-developed in petro-chemical industry. The new port area it is now developing will be mainly for petroleum, gas, and containers.