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PostTime:2013-11-11 13:30:20 View:670
China Shipbuilding Industry Corporation (CSIC) is said to have signed a cooperative contract in offshore facility sector with Qingdao city in China. Qian Jianping, Executive Vice President of CSIC, signed a “memorandum of cooperation on development of offshore facility industry between CSIC and Qingdao city” with Qingdao Vice Mayor Wang Xiulin at a seminar of CSIC-Qingdao Offshore Facility Research Institute, held in Qingdao Economic and Technological Development Zone during October 28-29. According to the cooperative agreement, both will equip offshore facility system which is independent and innovative in line with practical demands, such as construction of blue economic region in the Shantung, restructuring/upgrade of national ship and offshore facility industry and so on, based on CSIC’s research and development (R&D) with industrial strength together with Qingdao’s merits in location, resources and offshore R&D. In addition, CSIC’s offshore facility R&D and industrial complex construction will be proceeded with -Qingdao Offshore Facility Research Institute. Mr. Qian said that CSIC had been able to rapidly grow in Qingdao thanks to the government’s support for a long time. And he added that the city is offering new opportunities to the company and CSIC is planning to put its efforts in construction of the institute and turning it into China’s No.1 ocean science research and production complex, backed by the support. Vice Mayor Wang said that he appreciated CSIC’s contribution to Qingdao‘s economic development on behalf of the city and the government also would be dedicated to supporting the construction of Qingdao Offshore Facility Research Institute.
Triple-E vessel Mary Maersk maiden voyage call to Qingdao Qianwan United Container Terminal
PostTime:2013-10-16 08:50:28 View:1140
On Sept. 19, 2013, Qingdao Qianwan United Container Terminal Co., Ltd., invested by China Merchants International Container Terminal (Qingdao) Co., Ltd. and Qingdao New Qianwan Container Terminal Co., Ltd., welcomed the maiden voyage of triple-E vessel Mary Maersk, China Merchants said in a press release. Triple-E vessel Mary Maersk is the largest, most advanced container ship in the world. Mary Maresk is 400 meters long, 59 meters wide and 73 meters high, which can hold 18000 20-foot containers, making it a new world record holder. Triple-E stands for “Economies of scale”, “Energy efficient” and “Environmentally improved”. The name indicates a new class of fuel-efficient container ships with increased intake that are designed for low speeds and low CO2 emissions.
Qingdao Hyundai disposal 'Positive'
PostTime:2013-10-08 14:21:50 View:554
It is suggested that Hyundai Corporation’s disposal of its affiliate Qingdao Hyundai Shipbuilding will lead an effect of decreasing yearly loss. Hyundai recently sold its owned 66.25% of 96.36% shares in Qingdao Hyundai to a Chinese consortium. This consortium comprises of ‘Shandong Sanfod Group’ and ‘Guoqing Holdings’ and the disposal was carried out with a repayment condition for the loan of Qingdao Hyundai. Analyst Joo Ik-Chan at Eugene Investment & Securities of Korea said, “With the latest disposal, Hyundai’s share ratio of Qingdao Hyundai declined that yearly pre-tax loss related to its affiliate is expected to reduce to around KRW 7bn ($6.53m) from KRW 20bn.” Moreover, Joo prospected that Hyundai’s pre-tax loss would increase by KRW 20.8bn overall thanks to profits from the disposal (KRW 70.4bn) and etc. although operating profit is seen to fall by KRW 45.9bn due to the share disposal.
Hyundai Merchant Marine opens its first box yard in China at Qingdao
PostTime:2013-09-13 08:28:46 View:804
KOREA's Hyundai Merchant Marine has opened a new US$16 million off dock container yard (ODCY) in Qingdao, China in a joint venture with Shandong Province Communication and Transport Group (SPCT), each with a 50 per cent stake. The container yard is built on a 59,274 square metre site and is capable of handling 350,000 TEU per annum. The site comprises a container yard, container repair facility and logistics warehouse. Services include loading, unloading, storage and delivery through a one-stop service system. In 2012, the South Korean logistics company entered the Chinese market by establishing a distribution joint venture, named, Shandong Jiaoyun Hyundai Logistics (SJHL), with state-run SPCT. The new container yard is the joint venture's first facility in China. "The SJHL ODCY will be the leading logistics centre in the province. HMM will actively cooperate with the Shandong Province Communication and Transport Group to develop diverse business opportunities and drive growth," said HMM president and CEO CK Yoo at the opening ceremony attended by 100 guests. The container yard is expected to achieve profits of $6.73 million annually, a company statement said.
PostTime:2013-04-01 08:40:31 View:620
China Shipbuilding Industry Corp (CSIC) associated Qingdao Beihai Shipbuilding Heavy Industry is said to have won a newbuilding order for very large ore carriers from compatriot shipping company. Shandong Shipping is ordering a series of 250,000DWT VLOCs for $57-58m per vessel, on the back of a long-term contract with Australia’s BHP Billiton. The owner is planning up to 10 series and the first batch is to be built by Qingdao Beihai, industry sources say. Other shipyards likely to win the remainder of the series include CSSC Guangzhou Longxue Shipbuilding, Jiangnan Shipyard, Shanghai Waigaoqiao Shipbuilding, etc.
Qingdao bonded port area to build bulk trading and pricing centre
PostTime:2013-04-01 08:24:54 View:586
THE northern Qingdao Bonded Port Area and China General Technology Group have signed a strategic cooperation agreement on developing the port area into an automobile checkpoint and a bulk commodity trading and pricing centre, reports Xinhua. The China General Technology Group will focus on the construction of the automobile checkpoint. It plans to invest in special project and launch automobile import and export business and related services by taking advantage of its automobile marketing resources and experience. Meanwhile, the group aims to promote the port area's bulk commodity business and help the port area to enhance its status and influence among the bulk commodity trading and pricing centres in China. And the port area will offer supportive policies for the group in terms of administrative approval and customs inspection and clearance.
PostTime:2013-03-07 08:56:29 View:648
China’s port city, Qingdao, located in Shandong province, saw a sharp growth in shipbuilding industry, offshore facility industry and harbor related industries that its gross production in 2012 amounted to CNY 37.81bn ($6bn) with a 19.4% increase year-on-year. By segment, shipbuilding industry made a total of CNY 15.45bn worth of production in 2012 while offshore industry earned CNY 12.5bn with shipping industry, CNY 9.86bn. Last year, Qingdao Yangfan Shipbuilding succeeded in launching a 205,000DWT bulker for the first time in Shandong province that 2012 is said to be a notable year for shipbuilding industry to have shown a great performance. Moreover, it is said that Qingdao’s shipbuilders are aggressively seeking more orders, keeping an eye on market changes and putting a lot of efforts in technology innovation. Take an example of Qingdao Beihai Shipbuilding Heavy Industry, it invested in vessel components and research and development for new models in 2012 that it eventually succeeded in winning not a few orders.
Qingdao's Haier chooses Savannah to distribute 4,500 TEU a year
PostTime:2013-02-11 22:45:48 View:786
QINGDAO's Haier Group, makers of home appliances and air conditioners, has chosen the Port Savannah as its logistics hub serving the southeast US, announced Georgia Ports Authority. The global firm will move its home appliances and air conditioners through its distribution centre at the Interstate Centre in Black Creek, just outside Savannah. Haier vice president Larry Monaghan said the Port of Savannah and its adjacent distribution centre network were a good fit for the company. "Haier's projected growth pattern coincides with the already approved work on deepening the Savannah port and the opening of the new Panama Canal," Mr Monaghan said. "Once both of these major projects are completed, we believe that Savannah will become the destination port for distribution into the eastern US," he said. The company said the flexibility offered by the number of shipping services calling on Savannah also played a role in its decision to move an annual volume of 4,500 TEU through the port. To service the new client, Kenco has taken 21,367 square metres at the Interstate Centre located at I-16 and US 280, 18 miles from the Georgia Ports Authority terminals. Kenco said it plans to employ over 50 people at full buildout. "Kenco is proud to have been selected by this market leader," said Kenco Logistic Services president David Caines, "This distribution centre is the first of its kind in the US for Haier, because it handles their complete product line. Previously, the company used dedicated distribution facilities for specific products," said Georgia Ports Authority executive director Curtis Foltz. Interstate Centre is a 1,100-acre Class A Industrial Park located at the Intersection of I-16 and US 280, 18 miles east of the Port of Savannah. Building 100 is a partnership between the Development Authority of Bryan County and TPA Realty Services. The Port of Savannah was the second busiest US container port for the export of American goods by tonnage in FY2011. It also handled 8.7 per cent of the US containerised volume and 12.5 per cent of all US containerised exports in FY2011.
CRIntermodal Qingdao railway offers trans-China service to Kazakhstan
PostTime:2013-01-09 08:37:36 View:1039
A TRANS-CHINA railway from China Railway Intermodal's (CRIntermodal) had been established between Qingdao and Almaty, the principal city of Kazakhstan, Xinhua reports. The train carried a total of 50 FEU of household appliances, food and drinks that crossed the Xinjiang's border checkpoint of Horgos four days later after departure. Plans are in the works to extend the railway to Amsterdam, enabling 15-day run from the Yellow Sea to the English Channel by rail compared to 45 days by sea at nearly the same cost, claims Qingdao Daily. The CRIntermodal Qingdao railway container terminal is one of the 18 major intermodal yards in China approved by the railways ministry. It had been offering domestic intermodal service to since it started operations in August 2010, and was later approved to offer international services last June.
Port of Qingdao 2012 throughput up 9.5pc, exceed 400 million tonnes
PostTime:2013-01-08 08:52:55 View:837
THE Port of Qingdao saw 2012 cargo volume increase 9.5 per cent year on year to exceed 400 million tonnes, managing to retains its the fifth largest port in China and seventh in world status, according to Ministry of Transport officials, reports Xinhua. Qingdao port CEO Chang Chuande said the port devoted more effort to seeking more cargo to counter the global economic downturn. It held promotional conference in Xi'an and Zhengzhou and built its first "dry port" in Zhengzhou. The port also vied exploit the import boom as well as upgrading efficiency, growing annual container volume of more than one million TEU. Qingdao's Dongjiakou port area achieved a throughput of 30 million tonnes in 2012, becoming a new growth area, said Mr Chang. Dongjiakou has attracted major corporations from home and abroad to establish their businesses there. Last year, investment in the port area totalled to CNY45.5 billion (US$7.3 billion). Mr Chang said by 2015, Qingdao is aiming to raise Dongjiakou's throughput to 300 million tonnes.
Qingdao to build major container port at Aoshanwan between 2015-20
PostTime:2013-01-02 08:21:07 View:1082
THE second largest port in China for foreign trade, Qingdao, plans to develop Aoshanwan port area into the key component of the Qingdao major international container ports between 2015 to 2020, and a new mega port area, reports Xinhua. Qingdao is estimated to expected to have a throughput of 410 million tonnes with a year-on-year increase of 7.8 per cent, 14.5 million TEU in containers with an 11.4 per cent increase and 287 million tonnes of foreign trade, a 7.4 per cent increase year on year growth at the end of 2012. At the meantime, its Aoshanwan port area is expected to finish building two new 10,000-tonne berths, which will bring the port an extra capacity of 29 million tonnes. The port's full-year investment will reach CNY4.08 billion (US$650 million) and its capacity is expected to hit 245 million tonnes.
PostTime:2012-12-27 08:43:42 View:546
Hyundai Corporation needs to be seen with optimistic view. Analyst Park Jong-Ryul of HMC Investment & Securities pointed out that Qingdao Hyundai Shipbuilding issues seemed to be settled down soon. He said "Qingdao Hyundai completed deliveries of six newbuildings in the begnning of this year and the remainder of one vessel were delivered on December 20. Practically saying, its operation has been ended" Park explained "The Qingdao-based shipyard saw overall KRW 35.6bn ($33.2m) of equity method losses in the full 2011, which, however, was hugely reduced to around KRW 15bn in 2012 and is expected to shrink up to KRW 5bn-7bn from the next year."