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Ningbo Marine earmarks $83m to buy three 50,000 dwt bulkers
PostTime:2014-09-12 08:30:45 View:446
China’s Ningbo Marine has announced on Thursday a plan to purchase three new 50,000 dwt dry bulk carriers from an unnamed domestic shipyard. Shanghai-listed Ningbo Marine said the acquisition of the three newbuildings is expected to cost a total of RMB510m ($83.2m), or RMB170m per ship. The bulkers will mainly be used to transport coal in domestic waters. Ningbo Marine said the newbuilding plan would help to renew its fleet and raise its competitiveness in China’s shipping market.
Ningbo Xinle bags order to build two chemical tankers for Elcano
PostTime:2014-08-12 08:42:34 View:806
China’s Ningbo Xinle Shipbuilding has clinched a deal to construct two 13,000 dwt chemical tankers for Spanish shipowner Elcano. The first of the two stainless steel chemical tankers is scheduled for delivery from the Zhejiang-based yard in the second half of 2016, according to the shipbuilder. Elcano currently owns a fleet of six chemical tankers, two product tankers, three LPG carriers and two LNG vessels. Ningbo Xinle said its previous chemical tanker order by European owners was from Dutch firm Arcoin, which purchased two 19,800 dwt stainless steel chemical tankers with an option for two more units back in November 2013.
PostTime:2014-08-12 08:00:08 View:578
China’s Ningbo Xinle Shipbuilding Group turned out to have signed an agreement to build two 13,000 dwt stainless steel chemical tankers with Spanish shipowner Elcano. According to several overseas presses, the two newbuildings are slated for delivery in the third quarter of 2016 and the first quarter of 2017 without newbuilding price disclosed. Meanwhile, Elcano ordered two 120,000 dwt bulkers at Shanhaiguan Shipbuilding Industry late last year and they are scheduled for delivery in August and October 2015. In addition, the shipowner has two 178,000 cbm membrane type LNG carriers in order at Imabari Shipbuilding of Japan for delivery in May and June 2017.
Ningbo port benefits from modernisation drive
PostTime:2014-06-23 08:26:39 View:574
China’s Ningbo port has made improvements to its port transport and production through the acceleration of its transformation into a modern logistics port, reports said. Ningbo’s sea-rail transport container volume exceeded 50,000 teu for the first time from the start of this year until 5 June, up over 20% over the same period of last year, putting the port as the number one port in South China for sea-rail transport. By the end of May, Ningbo achieved container throughput of 7.63m teu, up 12.1% year-on-year, ranking first in all the domestic ports in terms of growth. In the past, the majority of the containers transported via Ningbo port came from cities in the province. While local foreign trade economy and annual growth of port throughput were considered strong, problems of inadequate origin area and container amount remained. In a bid to change the situation, Ningbo Port Group has been trying to break the geographic limitations to expand the trade space in the past years. By end-January 2014, the bi-directional train for sea-rail transport from Ningbo to Xinjiang was opened, realising the 100% bi-directional transport between the two areas. In addition, expansion was made into inland market through strengthening the dry port layout, and allowing the sea-rail transport to optimise the product source structure of Ningbo port. To date, through joint efforts with local governments, Ningo port has set up dry ports in nine cities in Zhejiang province and Shangrao and Yingtan of Jiangxi province and Xiangyang of Hubei province.
CIMC to build new box factory in Ningbo after Dongguan plant is done
PostTime:2014-06-11 08:30:57 View:840
CHINA International Marine Containers (CIMC) is investing CNY3 billion (US$480.7 million) in building a new 450,000-TEU container manufacturing plant in Yinzhou, Ningbo, marking its second expansion project in China this year. In March, CIMC, the world's biggest box maker, announced it would invest CNY7 billion in developing a container manufacturing plant with an annual production capacity of 750,000 TEU in Dongguan, adjacent to Guangzhou. Despite slowing container sales, the world's largest box manufacturer is betting on a long-term trend of containerisation in global trade and a gradual economic recovery. "Leveraging on the gradual recovery of the global economy, as well as the steady increase in global containerisation, it is expected that the long-term growing trend of demand for containers will continue in the future," the firm said in its Shenzhen and Hong Kong stock exchange filing. "Upon completion of the Yinzhou project, it will benefit the group in further fortifying and maintaining its leading position in the container industry," said the filing. CIMC sealed the deal with local authorities to put fixed-asset investment of CNY1.5 billion into the 470,000-square metre plant in the Yinzhou Economic Development Zone, near one of the main hubs in eastern China. The complex will have an initial production capacity of 200,000 TEU per year in 2015, before expanding to 450,000 TEU per year in 2018. CIMC, whose cash reserves amounted to CNY4.5 billion at the end of March, will fund the project from its own capital.
CIMC to invest $480m in Ningbo container manufacturing base
PostTime:2014-06-10 08:25:26 View:506
China International Marine Containers (CIMC) has entered into an agreement with Ningbo Yinzhou Economic Development Zone Management Committee to build an integrated containers manufacturing base with a total investment of RMB3bn ($480.8m). The Yinzhou Project, to be developed in two phases, will see an annual production capacity of 200,000 teu in the first phase scheduled for completion in 2015. The second phase by 2018 will increase the production capacity to 450,000 teu per year. "Leveraging on the gradual recovery of the global economy, as well as the steady increase in global containerisation rate, it is expected that the long term growing trend of demand for containers will continue in the future," CIMC said in a statement. The company believed that the Yinzhou Project will maintain its leading position in the container industry. It added that the investment amount will be funded out of the group's own capital.
Port of Ningbo container volume up 7pc to 16.77 million TEU in 2013
PostTime:2014-01-17 08:22:36 View:892
THE port of Ningbo handled 16.77 million TEU in 2013, which was seven per cent more than in 2012, ranking it third in China and sixth in the world. Last year, its throughput tonnage grew 9.5 per cent to 496 million tonnes, ranking third in China and the fourth in the world, Xinhua reports. Ningbo is operating a total of 235 container shipping lines with over 1,400 sailings per month. Seventeen are ocean shipping lines. In 2013, the port handled 1.73 million TEU of domestic trade containers. It also inaugurated three new sea-rail intermodal container routes last year. Its full-year sea-rail intermodal boxes surged 76.6 per cent to over 100,000 TEU. Last year, Ningbo's handling efficiency was also further enhanced. The port's handling efficiency for Maersk's "Daily Maersk" service and for the 18,000-TEU container ships ranked at the top of the world. The port's iron ore throughput grew 9.4 per cent to 53.32 million tonnes in 2013. This is the first time its iron ore throughput exceeded 50 million tonnes. It also handled 53.86 million tonnes of crude oil and 8.57 million tonnes of liquefied products.
Ningbo sees 2013 rail-water intermodal volume soar 76.2pc in 2013
PostTime:2013-12-30 08:18:21 View:615
THE Port of Ningbo expects to post a 76.2 per cent year-on-year increase in rail-waterway container volume to 100,064 TEU in 2013, reports Xinhua. In recent years, Ningbo has been expanding its rail network covering hinterland regions, which has fast-tracked rail-water intermodal container growth from 1,690 TEU in 2009 to 59,500 TEU in 2012 and then to more than 100,000 TEU this year. In 2013, Ningbo started fast cargo train service to Yangtze River Delta hinterland manufacturing cities of Quzhou, Jinhua and Yiwu, to Xiangyang, a city in central province Hubei and to northwestern Xian and Lanzhou. It also lowered rates 30 per cent on laden boxes from Jiangxi province to Ningbo to attract more transshipments. At present, Ningbo port's rail-water intermodal service network covers 12 cities in the eastern province of Zhejiang and the central province of Jiangxi. From January to November, the Port of Ningbo handled 23,460 TEU of rail-water boxes to and from Jiangxi, up 41.4 per cent, as well as 1,490 TEU to and from northwestern regions from which volumes surged 250 per cent.
Ningbo launches direct box service to Keelung, Taichung, Kaohsiung
PostTime:2013-12-19 08:19:37 View:662
GROWING demand from the strengthening cooperation between Zhejiang province and Taiwan had prompted Ningbo to commence a direct cross-strait container shipping service, Xinhua reports. Operated by Ningbo Ocean Shipping Co Ltd, the service calls at Taiwan's port of Keelung, Taichung and Kaohsiung. Cargo from Ningbo can now be shipped to Keelung within just one day with the new service, which has given greater convenience to transportation between Taiwan and Zhejiang province. Ningbo Port Group and Ningbo Ocean Shipping Co Ltd, are to sign cooperation agreement with Taiwan International Ports Corporation, the operator of the Taiwan ports, on further developing the new service and working together to combine the strengths of Ningbo and Taiwan ports to ensure efficient logistics service for trade between Zhejiang and Taiwan.
PostTime:2013-11-26 08:44:28 View:478
Ningbo Xinle Shipbuilding Group announced that the Chinese shipbuilder had entered into a newbuilding contract for two 19,800 dwt Duplex stainless steel chemical tankers plus two options with Arcoin of the Netherlands on November 22. Some 70 people from shipbuilder, owner, Italian classification society, major banks and ship design firm attended at a signing ceremony held at Ningbo Sheraton Hotel. The new chemical tanker is said to stand at the world's advanced level, applied with eco-friendly and energy-saving advanced technology and reflected with requirements of the customer. An official at Ningbo Xinle said over the latest contract, "Our strategy execution continuing for years focused on special chemical tanker finally got a result."
Ningbo Xinle Shipbuilding wins chemical tankers order
PostTime:2013-11-26 08:05:32 View:586
Chinese shipyard Ningbo Xinle Shipbuilding Group has clinched an order to build two chemical tankers for Dutch firm Arcoin. The order for the two 19,800 dwt stainless steel chemical tankers comes with an option for an additional two similar units. Financial details of the contract were not disclosed. The delivery dates for the newbuildings were also not specified. Ningbo Xinle Shipbuilding said the chemical tankers will designed to reduce fuel consumption and maximise energy efficiency.
Ningbo third quarter container volume increases 7.8pc to 4.49 million TEU
PostTime:2013-10-25 08:27:17 View:555
EASTERN China's port of Ningbo posted a 7.8 per cent year-on-year increase in container throughput in the third quarter to 4.49 million TEU. Overall cargo volume increased 13.4 per cent to 128 million tonnes, according to the latest figures released by Ningbo Port Group, quoted by Xinhua. From January to September this year, Ningbo handled 12.76 million TEU, growing 6.6 per cent year on year with overall cargo rising 10.1 per cent to 370 million tonnes.