Shanghai Stock Exchange seeks more details over Ningbo Marine restructuring

PostTime:2018-05-11 08:01:38 View:786

SHANGHAI Stock Exchange (SSE) has written to dry bulk shipping operator Ningbo Marine, requesting explanations on several issues regarding the company's restructuring plan to acquire all the shipping assets from its parent Zhejiang Energy Group. SSE has noticed that the valuation price of Fuxing Shipping, a shipping unit of Zhejiang Energy Group, has increased by 164.69 per cent over a one-month period, Singapore's Splash 247 reported. Additionally, SSE also questioned some of the financial results of Ningbo Jianghai Transportation, another shipping unit of Zhejiang Energy Shipping. Ningbo Marine must reply to SSE by a deadline of May 11. Ningbo Marine started a similar restructuring move in 2016 but the plan was eventually rejected by the China Securities Regulatory Commission, which claimed the restructuring violated back-door listing rules. Ningbo Marine currently operates a fleet of 26 bulk carriers, and it also has three 1,000 TEU feedermax boxships under construction at Taizhou Kouan Shipbuilding.

Ningbo Zhoushan port's digital platform boosts sea-rail volumes 72pc

PostTime:2017-09-11 08:11:26 View:681

NINGBO Zhoushan Port saw its sea-railway intermodal volumes increase by 72 per cent over the first eight months of the year. The strong performance was in part due to the implementation of a digital platform that reveals real-time container information. Combined rail-sea freight volumes reached 25.4 million TEU over this period, while port authorities at the world's fourth busiest container port pursued platform integration, using advanced operational and management models to improve service efficiency. To do this it integrated an operations centre at port's railway station, or Beilun handling station, and brought sea and railway transport operations into the "paperless" era, reported London's Port Technology International. Cooperation among sea-rail transport businesses has been expanding to let the port take full advantage of land and sea port linkage for large customers, offer customised door to door logistics services, and speed up allocation of empty containers. Ningbo Zhoushan port said in May that it had extended a sea-railway intermodal transport line to the entire Jiangxi province. The port then implemented a digital service platform to reach new sea-railway intermodal markets from Jiangxi to Ningbo Zhoushan port.  It had used a sea-railway data-sharing platform integrated with NPRC-Jiangxi branch to allow for systematic interaction between ports, shipping companies and forwarders. Using this platform helped to regulate port operations, integrate customs clearance, lower logistics costs for customers and create favourable conditions for port sea-railway intermodal logistic channels, the port said.

Ningbo Zhoushan Port opens the 1st cross-border transport shipping route

PostTime:2017-06-07 08:24:04 View:572

 “Shunxing 6” ship, which is a container ship for cross-border transportation of domestic trade cargoes, docked at the No 6 berth of Zhenhai Port Area of Ningbo Zhoushan Port on May 25th. The ship was loaded with 106 containers (totally 2862 tons) of colloid corns. The cargoes were exited by a port in Huichun City of Yanbian Prefecture in Jilin Province, were delivered to Rajin Port in North Korea by land transport and then were shipped to Ningbo by maritime transport. This indicated that Ningbo Zhoushan Port has successfully opened the firstshipping route for cross-border transport of domestic trade containers. Domestic trade cargoes cross-border transport is a transport mode where domestic trade cargoes start shipment from a port in Chinese territory and are transported to another port in Chinese territory via overseas territory. Since Ningbo city convened the meeting for one-to-one support of counties (cities) in Yanbian prefecture, relevant person in charge of Zhenhai Port Stevedoring Branch (ZPSB) and Business Department of Ningbo Zhoushan Port Co., Ltd. rushed to Huichun city to connect the shipping route services and do all the preparatory works for the opening of the cross-border transport shipping route for domestic trade cargoes from Huichun to Ningbo.ZPSB focused on coals, timbers and grains, thoroughly exploited market, visited clients and helped Jingxin Grain Depot of Huichun Municipal Grain Bureau and a grain enterprise in Ningbo to reach grain purchase agreement. It’s expected that about 100,000 tons of colloid corns will be shipped to south by the shipping route annually. The opening of cross-border transport shipping route for domestic trade container from Huichun to Ningbo was a breakthrough for the one-on-one cooperation between Ningbo city and Yanbian city and shore up the weakness of Jinlin province where there is no seaport. The distance for the land transport of cargoes from Jilin province to Rajin Port is shortened by over 1000km compared to that from Jilin to Dalian Port. Thus, transport cost can be effective reduced and turnover time is shortened. In addition, the opening of the shipping route also enhanced Ningbo Zhoushan Port’s radiation scope and quality of the domestic trade shipping routes in North China, further improve the cargoes transport channel between north and south and enhance the positive economic interaction between Zhejiang province and the various regions in north China.

Ningbo-Zhoushan port Q1 box volumes up 9.1%

PostTime:2017-04-07 08:46:43 View:703

China’s Ningbo Zhoushan Port Group has updated that container handling volumes at Ningbo-Zhoushan port have risen over the first three months of this year compared to the year-ago level. Throughput during the first quarter was recorded at 6.2m teu, an increase of 9.1% compared to the same period of 2016, according to Shanghai-listed Ningbo Zhoushan Port Group. In March, the Chinese port moved 2.12m teu of containers, up 13.2% year-on-year. In 2016, Ningbo-Zhoushan port registered throughput of 23.3m teu, making it the world’s fourth busiest container port.

Ningbo-Zhoushan port Q1 box volume up 9pc to over 6m TEU

PostTime:2017-04-07 08:31:58 View:515

CONTAINER throughput at China's Ningbo-Zhoushan port was 6.2 million TEU during the first three months of the year, an increase of 9.1 per cent during the same period of 2016, according to Shanghai-listed Ningbo Zhoushan Port Group. In March, the Chinese port moved 2.12 million TEU, up 13.2 per cent year on year, the Seatrade Maritime News of Colchester, UK, reported. In 2016, Ningbo-Zhoushan port registered a throughput of 23.3 million TEU, making it the world's fourth busiest container port.

Ningbo-Zhoushan port records 23.3m teu of box throughput in 2016

PostTime:2017-01-05 14:59:19 View:628

China’s Ningbo-Zhoushan port is projected to handle container throughput of 23.3m teu in 2016, an increase of 5% compared to 2015, according to Ningbo Zhoushan Port Group. Box volumes for December 2016 were also posted at approximately 1.74m teu, up 12.7% year-on-year and tallying up the annual figure to 23.3m teu. Shanghai-listed Ningbo Zhoushan Port added that cargo throughput is estimated to grow by 3% year-on-year to 674.36m dwt for 2016. Ningbo port and Zhoushan port completed a merger in September 2015 and assumed the new identity named Ningbo Zhoushan Port Group. The container throughput of the ports are recorded under Ningbo-Zhoushan port, with Ningbo accounting for the majority of volumes.

2M Alliance to launch new Ningbo-Long Beach transpacific service next month

PostTime:2016-11-18 08:19:44 View:429

THE 2M Alliance of Maersk Line and Mediterranean Shipping Co. (MSC) - is to launch a new transpacific service next month from Ningbo to Long Beach. The new service will commence on December 9, and Maersk will refer to the new service as the TP3, while MSC will dub it the Sequoia service. The TP3/Sequoia will have a rotation of Chiwan, Yantian, Ningbo, Long Beach and returning to Chiwan.  The loop will commence from Chiwan December 9 with the Safmarine Mulanje and will provide 12-day transits from Ningbo to Long Beach, according to an MSC press release. A spokesperson from Maersk told American Shipper the service will deploy five, 4,500-TEU vessels and will be "purely a 2M product."  "Direct port calls at Chiwan, Yantian and Ningbo provide broad market coverage and allow for extensive transshipment options for Pearl River Delta freight," the Maersk spokesperson said. Shippers fear new container shipping alliances will crush market competition THE rise of new mega container shipping alliance controlling major trade lanes is creating "real potential competition issues" due to independent carriers being forced out of the market, according to a new report from the Global Shippers' Forum (GSF).  In the report entitled 'The Implications of Mega-Ships and Alliances for Competition and Total Supply Chain Efficiency: An Economic Perspective', the GSF argues that greater competition oversight and a new "commercial contract" covering services and mutual liner and shipper needs is needed to deal with the consolidation of the box shipping industry, reported Lloyd's Loading List. "It has been clear for some time that the existing business model isn't working for either carriers or their customers," GSF secretary general Chris Welsh was quoted as saying.  "There is a widening gulf between customers' expectations and quality of service, as carriers focus almost exclusively on operational arrangements and alliance structures. We urgently need a new 'commercial contract' where the needs and incentives between shippers and carriers are better aligned." The GSF paper said that the prospect of six to ten major carriers controlling the world's main container trades was now "probable" as the pace of consolidation through mergers and acquisitions accelerates, driven by the introduction of mega-ships and the associated development and growth into four - and possibly soon to be three - strategic alliances involving the world's top 16 operators. This new market structure could, according to the GSF, fall foul of competition laws due to potential competition issues between carriers and their customers, as independent lines were forced out of the market or were driven into smaller niche out of markets.  The report added: "Should the market become consolidated into six to ten major operators controlling the main trade lanes, GSF believes it would be inevitable that the market share thresholds for alliances and consortia agreements would have to be so low they would be ruled out on competition grounds, with carriers having to compete head-to-head." The report also questioned whether vessel sharing agreements and alliances were good for competition, as important parameters of competition such as capacity, sailing frequency and ports of call were removed. "Many shippers are questioning whether dealing with fewer fully independent shipping companies could be better than dealing with a larger number of allied shipping companies in alliances," it said. Mr Welsh said some shippers now felt a degree of vertical integration between shippers and shipping companies was a potential method to increase the alignment of incentives between shippers and shipping lines. "The nature of such integration, and the extent to which it might alleviate the problems felt by shippers, would of course need to be explored," he added.

Fire-ravished 4,650-TEU Safmarine Meru towed into Ningbo

PostTime:2016-05-18 09:43:20 View:554

THE 4,650-TEU Safmarine Meru has been towed into the Port of Ningbo after firefighters spent five days extinguishing a blaze resulting from a collision on May 7 with the 8,800-TEU Northern Jasper, 120 nautical miles out to sea.  "Our current priorities are to safely discharge the cargo and conduct inspections to further survey the damages to the vessel," said Palle Laursen, head of Maersk ship management. The Maersk ship was on its way to Ningbo from Qingdao when it suffered extensive damage in a collision with Norddeutsche Reederei H Schuldt's Northern Jasper.  The Safmarine Meru, with 400 laden containers aboard, caught fire, prompting its crew of 22 to abandon ship. The Northern Jasper was in ballast and suffered damage to its bulbous bow.

Ningbo Zhoushan Port Tiaozhoumen Channel completes first trial voyage

PostTime:2016-05-12 08:07:51 View:589

At around 1:00pm on April 28th, “MOL Earnest” Vessel passed Tiaozhoumen Channel of Ningbo Zhoushan Port and successfully docked at No.1 berth of Meishan Port Area Container Terminal, indicating complete success of first trial voyage to Tiaozhoumen Channel of Ningbo Zhoushan Port, the company said in its press release. Tiaozhoumen Channel is located between Xiashi Island and Liuheng Island and is the 2nd largest maritime channel in the core port area of Ningbo Zhoushan Port. Built based on the standard for navigation of 15,000-dwt bulk cargo ships, the main channel has total length of around 22.5 nautical miles and navigation water depth of 17-20m. With the port’s rapid development in transport and production, the traffic pressure of Xiashimen Channel, which is the main channel of the core port area of Ningbo Zhoushan Port has been increased in recent years. In July 2010, Ningbo and Zhoushan city officially launched the construction of Tiaozhoumen Channel and completed construction in the following year. In Oct. 2014, Tiaozhoumen was officially approved and opened for operation and has been officially qualified for trial navigation recently. Prior to the trial navigation, the NGPC and Dalian Maritime University cooperated to carry out the project of “Research on Countermeasures for Pilotage Safety of Tiaozhoumen Channel”, collected relative data, made systematic research and investigation on the topography and hydrological characteristics and provided theoretical basis for pilot navigation. During pilotage navigation, the business department of group company, OPTB，NGPC，MICT and other units cooperated actively with each other to ensure successful completion of the pilot work.

Maersk Line to move crash ship to safer location after Ningbo collision

PostTime:2016-05-12 08:05:30 View:599

MAERSK Line is planning to move its 4,650-TEU Safmarine Meru under tow to a safer area after its collision of Ningbo with the Hamburg-based 8,400-TEU Northern Jasper last Saturday, reports London's S&P Global Platts. The collision, which happened on Saturday, occurred 120 nautical miles off Ningbo. Customers with cargo on board the Safmarine Meru have been contacted directly. "For the Safmarine Meru, plans are being made to move this vessel to a safe location where cargo may be discharged and inspected," said Copenhagen-based Maersk Line. Owners of the Northern Jasper, Norddeutsche Reederei NRS, said all crew onboard the Northern Jasper are safe. "No pollution occurred on the side of Northern Jasper and the root cause of the incident is yet unknown," a press statement from NRS stated, adding that a full investigation will follow. The company added that at the time of the incident, Northern Jasper was not on charter. The vessel was sailing from Zhoushan shipyard with the intention to anchor in Shanghai's anchorage area, where it was to be delivered into a new charter on May 17. Safmarine Meru, meanwhile, was sailing on a Maersk Line transpacific US Gulf Coast-Asia route, and was carrying fewer than 400 laden containers. Chinese and Maersk officials have Line have been on board the Safmarine Meru to survey the damages and gather information needed to make plans for moving the vessel to shore.  The vessel is without power and has suffered some water ingress, but condition is stable and it is deemed suitable for towage.  "We are cooperating with the Chinese authorities to develop a plan to safely tow the vessel alongside in the Port of Ningbo. We will not speculate or comment on the circumstances leading to the incident while investigations are ongoing," said Maersk Line ship management chief Palle Laursen.   

Maersk's 4,650-TEU ship in collision with 8,400-TEUer off Ningbo

PostTime:2016-05-10 08:05:19 View:434

MAERSK's 4,650-TEU Hong Kong-flagged Safmarine Meru has collided with the Liberian-flagged 8,400-TEU Northern Jasper, owned by Hamburg-based Norddeutsche Reederei NAV some 120 nautical miles east of Ningbo.  The collision caused severe damage to the Safmarine Meru, which was on its way from Qingdao, said a Maersk statement, adding that when fire broke out, the Safmarine Meru's 22-man crew abandoned ship. No one was hurt. "We are very relieved that our crew are safe and have not suffered any serious injuries. The safety of our people, at sea and on shore, is paramount to us," said Maersk's ship management chief Palle Brodsgaard Laursen. Safmarine Meru is afloat and anchored. Firefighting was initiated and while there is no visible fire, there is smoke and firefighting continues. The Chinese authorities are on the scene.  

OOCL adds westbound call at Ningbo on Loop 7 from May 16

PostTime:2016-05-04 09:07:59 View:490

HONG KONG's Orient Overseas Container Line (OOCL) has announced that its Loop 7 will add a westbound call to Ningbo. Thus, the new port rotation will be Qingdao, Shanghai, Ningbo, Hong Kong, Shenzhen-Yantian, Singapore, Rotterdam, Hamburg, Gdansk, Gothenburg, Antwerp, Southampton, Singapore, Shenzhen-Yantian and back to Qingdao. The new rotation will become effective with MOL Quintet (QIT) 010 W with Qingdao ETA on May 16.