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Dachser opens new office in Nanjing to serve lower Yangtze River Delta
PostTime:2012-09-12 08:25:51 View:904
DACHSER Transport of America Inc says a new branch office has been opened in Nanjing, the capital of the Jiangsu province in the Yangtze River Delta region. "The cities along the Yangtze River are experiencing enormous growth in the manufacturing and processing industries, which is also leading to a steep rise in demand for logistics services," says Thomas Reuter, managing director of Dachser air sea logistics. The new office will provide both air freight and ocean freight forwarding services in the Nanjing region, including the cities of Yangzhou, Zhenjiang, Wuhu, Nantong, Zhangjiagang, Wuhan and Yichang. The company also offers shippers a wide range of supplementary services such as customs clearance, warehousing and distribution. Nanjing marks the group's 18th office in China and Taiwan. This location is the central transport hub of the Yangtze River Delta and boasts the largest inland port in the People's Republic. Nanjing's airport, Lukou International, ranks 10th in China for freight volume.
Nanjing starts building CNY50 billion shipping business centre
PostTime:2012-07-18 08:01:34 View:964
EASTERN China's Yangtze River city Nanjing has started construction of the first phase of the Nanjing Yangtze River International Shipping and Logistics Service Centre, a business building cluster costing CNY50 billion (US$7.84 billion) to build, Xinhua reports. The first phase cost CNY3.3 billion, covering a land area of 35,000 square metres and a total floor area of 290,000 square metres. Construction is expected to be finished by the end of 2014. The Nanjing Yangtze River International Shipping and Logistics Service Centre will be a business cluster for carriers, freight forwarders, trading, personnel training and technological development. Nanjing plans to deepen its navigational channel to 12.5 metres during the 12th National Five-Year Plan period from 2011 to 2015. After the upgrade, Nanjing port can accommodate ships of 80,000 tonnes while 100,000-tonne ships can sail on the channel on high tides. This will facilitate the port's river-sea intermodal service and boost its upgrade from a river port to a seaport, unveiling greater potential of the port's development towards a shipping hub.
Nanjing Tanker obtains $63m loan
PostTime:2012-06-29 09:12:07 View:642
Shanghai: Nanjing Tanker Corporation has placed two of its tankers as collateral to borrow RMB400m ($63m) from CMB Financial Leasing, the company said in a regulatory filing.The deal, involving panamax tanker Yong Xing Zhou and MR tanker Chang Hang Tan Suo, was agreed in the form of a leaseback with the financial institution over an eight-year period.Shanghai-listed Nanjing Tanker explained that the loan will support daily working capital and give flexibility to debt structure, enhancing the company's short-term repayment capability.
PostTime:2012-06-25 08:55:35 View:891
Chinese owner Nanjing Hengrui Shipping has ordered one plus one 51,000-dwt bulkers at domestic yard Nanjing Wujiazui Shipbuilding for delivery in 2014. A Hengrui executive says the vessel will be used for domestic trading, adding “We have ordered the supramax because electric-power companies are seeking bigger vessels to transport more coal.” The company said that it opted for an all-new fuel-efficient design, rather than buying a resale, as prices are currently low.
Nanjing Tanker posts H1 loss of 320m yuan
PostTime:2011-08-16 08:53:57 View:725
Nanjing Tanker Corporation reported that it incurred a loss of 320 million yuan in the first half of 2011, reports Securities Daily, citing a company filing. Revenue rose 11.02 percent year-on-year to 2.391 billion yuan. Nanjing Tanker purchased seven ships and added new capacity of 1.06 million tons in the first half of 2011. It sold three ships, with capacities of 30,000 tons. Its total shipment was 28.12 million tons during the reporting period. Nanjing Tanker’s loss was blamed on sluggish oil transport demand in the first half of 2011. Its operating cost increased 31.6 percent year-on-year in the same period. Oil price spiked, resulting in a higher fuel costs for the company. The gross margin from its transportation business was negative 0.07 percent, failing 15.3 percent year-on-year. Nanjing Tanker’s operating cash inflows were insufficient during the reporting period. A higher loan interest rate led to more financial expenses for the company, and it incurred a loss from the appreciation of the Renminbi during that period. Nanjing Tanker raised 1.5 billion yuan in a placement in 2010 to fund the construction of four ships. By the end of June this year, only one ship was completed. It earned the company 4.01 million yuan, less than the predicted yield of 4.5 million yuan. According to an earlier announcement, Nanjing Tanker issued 275 million shares in placement and raised 1.548 billion yuan, at a per-share issuance price of 5.63 yuan. During the placement, Nanjing Tanker’s largest shareholder subscribed 82 percent of placement, while two institutional investors, CPIC Asset Management and Huatai Securities, only subscribed 25 million shares respectively. Shares of Nanjing Tanker closed at 2.66 today, which has fallen well below the share issuance price in the placement plan.
Sinotrans to spend US$155 million to restructure Nanjing port
PostTime:2011-01-28 21:50:00 View:935
Jan 28 -- NANJING Port Authority has selected logistics giant Sinotrans ahead of Cosco to revamp the river port. Two sides have signed a restructuring agreement whereby Sinotrans will pump in cash for US$155 million, reports Xinhua. The authority will restructure, corporatise and become Nanjing Port Group Co. Ltd, with Sinotrans taking a 45 per cent stake in the new port body. Sinotrans already has some previous working experience with the port, having a 10 per cent stake in a new container terminal there. Moreover, Sinotrans merger with Changjiang Shipping Corp has given the Beijing headquartered logistics conglomerate a tanker firm in the river city, Nanjing Tanker Corporation.An official from Sinotrans revealed the company was looking to enlarge its Yangtze footprint. "We plan to establish three shipping hubs in the Yangtze river basin." The first one, he said, would be Wuhan port starting the major cooperation last October, the second is Nanjing port and the third one will be Chongqing.Nanjing sits on the north side of the river, 275 kilometres upstream from Shanghai. As the Yangtze, China's longest river, has been dredged repeatedly over the past decade, the city has been able to accept larger ships. A quarter of all boxes on the Yangtze move through Nanjing and plans are afoot to have the port's terminals handle six million TEU in the coming years. (Source: {非本站网址})
First Nanjing-Ulsan container shipping line launched
PostTime:2010-12-15 07:32:31 View:871
KOREA-based Namsung Shipping started a new shipping service from Nanjing to Korea's port of Ulsan, Xinhua reported. This is the first container shipping service between the two cities, also Nanjing's first near sea shipping lane in five years. The service offers a sailing per week on Wednesday, using a ship of 332 TEU. Korea is the fourth largest trade partner of Jiangsu province. It is also the largest import origin and sixth largest export market for the province. Jiangsu recorded a bilateral trade value of US$38 billion with Korea last year, taking up one fourth of the Sino-Korean trade total. By the end of September, there have been over 4,200 Korean enterprises that invest in Jiangsu with an investment amount of $1.1 billion. From January to September, Nanjing's bilateral trade with Korea grew 18.5 per cent year on year to $5.1 billion.
Nanjing Port cash incentives pay off
PostTime:2010-12-15 07:30:29 View:1037
The Yangtze River Delta's Nanjing port has just won more business with the launch of a new service to South Korea. This comes on the back of news that the port started offering cash incentives from November to encourage more liners to use the port, reported China Daily.Hamsung Shipping launched a weekly direct service between Nanjing and Ulsan, South Korea, on December 1, deploying a 332 TEU vessel. This is Nanjing's first near-ocean regular call in five years.It said that four weekly near-ocean direct services exist already. Cosco (China Ocean Shipping Company) operates separate services to Busan and Kwangyang, the two largest container ports in South Korea, as well as one service to Japan, while Sinokor operates a service to Busan and Kwangyang.Shanghai International Port Group-owned Nanjing is one of just two Yangtze barge ports that handles more than one million containers a year. By the end of 2010, its container throughput is expected to exceed 1.4 million TEUs. The other major port is Taicang, whose liftings is expected to reach 1.7 million TEUs for this year. Both terminals are situated on the lower reaches of the Yangtze, so no doubt competition is fierce between them.Nanjing has been earmarked by China's Government to be the barge hub for the lower reaches of the Yangtze, with Wuhan port as that of the middle reaches and Chongqing for the upper reaches.
Yangtzes Nanjing port wins new service to South Korea
PostTime:2010-12-10 08:30:40 View:972
The Yangtze River Delta's Nanjing port has just won more business with the launch of a new service to South Korea. This comes on the back of news that the port started offering cash incentives from November to encourage more liners to use the port.Yangtze Business Services (YBS) has reported that Hamsung Shipping launched a weekly direct service between Nanjing and Ulsan, South Korea, on December 1, deploying a 332TEU vessel. According to YBS, this is Nanjing's first near-ocean regular call in five years. It said that four weekly near-ocean direct services exist already. COSCO operates separate services to Busan and Kwangyang, the two largest container ports in South Korea, as well as one service to Japan, while Sinokor operates a service to Busan and Kwangyang. Shanghai International Port Group-owned Nanjing is one of just two Yangtze barge ports that handles more than 1 million containers a year. By the end of 2010, its container throughput is expected to exceed 1.4 million TEU. The other major port is Taicang, whose liftings, YBS says, is expected to reach 1.7m TEU for this year. Both terminals are situated on the lower reaches of the Yangtze, so no doubt competition is fierce between them. Nanjing has been earmarked by China's Government to be the barge hub for the lower reaches of the Yangtze, with Wuhan port as that of the middle reaches and Chongqing for the upper reaches.
Nanjing Tanker Corporation fleet 20% up
PostTime:2010-10-22 07:38:59 View:982
In the fourth quarter, about 1m deadweight will be delivered. The growth is increased by 200% against that of the first half year. As is revealed in the fourth quarter three VLCCs and two MR2 type tankers will be delivered.The increased deadweight reached nearly 1m dwt which is the 20% of the total. By the end of 2010, the transport capacity of Nanjing Tanker Corporation will hit 4.84m dwt. The new ships will mostly be used in China to Middle East route. About 70% of Nanjing Tanker's fleet is sailing in that route. By the end of June 2010, the total transport capacity achieved 3.72m dwt. In 2010, the growth of Nanjing tanker's fleet is increased by 45.8%. The deliveries of new ships may rapidly enhance Nanjing Tanker's capacity. In the fourth quarter the freight of tanker market is expected to rebound but not so much. In 2011 the freight rate will face pressure to dive because of fewer demolitions and more deliveries. The company's VLCC fleet will be increased from nine to fourteen units next year. If the freight rate stays above $30,000 per day, the negative influence can be neglected.
PostTime:2010-09-02 08:08:38 View:846
Chinese shipowner Nanjing Tanker Corp (NTC) has unveiled a plan to splash $200m on a pair of VLCC newbuildings. NTC says its freshly minted Hong Kong affiliate is ready to ink the order, but the company has not revealed which yard will build the two 320,000-dwt units. In a filing with the Shanghai Exchange, the owner, an offshoot of state-controlled Changiang National Shipping Corp, said it expects the units to be delivered in the second-half of 2012, but NTC did not address market rumours it is mulling a move to order as many as six additional tankers. NTC may be ready to shell-out as much as $750m on newbuildings at a domestic yard. And brokers say that a spending spree of that magnitude could explain the "rock bottom rate" tied to the $200m tanker duo. "$200m seems really low to me, way below the market norm, but it would make sense if they [NTC] actually has options for another two to four units," one broker said. China's Dalian Shipbuilding Industry Corp (DSIC) is widely believed to be the frontrunner in a race to grab a piece of the NTC deal, but data suggests that $100m for a tanker falls well below the market average. Brokers say a 320,000-dwt newbuilding at a Chinese yard could cost as much as $160m or more in today's market. But according to Clarksons, as many as eight owners have sealed VLCC deals at DSIC at rates that ring-in at about $100m.
PostTime:2010-08-31 07:58:25 View:766
Nanjing Tanker Corporation plans to build two 320,000-dwt very large crude carriers (VLCCs) through its wholly-owned Hong Kong subsidiary, it revealed in a company filing. The cost of construction of each VLCC will not exceed $100m. Funds for the building of the two VLCCs will be provided by the Hong Kong subsidiary. The two VLCCs are expected to be put into operations in the second half of 2012. The shipbuilder is highly likely to be Chinese one.