Qingdao now 7th biggest port as Shandong volume surpasses billion tonnes,

PostTime:2012-12-19 08:31:56 View:545

SHANDONG held a recent celebration at Qingdao's Phase 3 Container Terminal to mark its annual throughput hitting a billion tonnes, as well as having reached the target three years ahead of schedule, Xinhua reports. From January to November, Qingdao port lifted 373 million tonnes, 8.7 per cent more than in the same period in 2011. Its full year throughput is expected to top 400 million tonnes including a container volume of 14.5 million TEU, figures that now rank Qingdao as seventh biggest port in the world, said the report. During the first half of this year, Shandong ports lifted 530 million tonnes. More than CNY4.82 billion (US$772.83 million) was invested in port development during this period. In 2011, these ports handled 962 million tonnes of cargo - 530 million tonnes of which was in foreign trade. Container volume came to 16.91 million TEU with Shandong staying on top in China in foreign trade and No 3 in container volume.

Qingdao to be car import terminal by next year

PostTime:2012-11-28 08:09:38 View:494

Qingdao: Qingdao Port is set to be a major car import terminal in eastern Shandong province, with Qingdao Qianwan Bonded Port Zone gaining approval for whole-car imports, with the opening of an import checkpoint there.The port is now building the ro-ro terminal and auxiliary facilities, and imports are expected to begin in the coming year, according to local news reports.  

Qingdao bonded zone wins ro-ro terminal okay for whole-car imports

PostTime:2012-11-27 08:17:40 View:592

THE Chinese State Council has given Qingdao Qianwan Bonded Port Zone approval for whole-car imports, enabling the opening of an import checkpoint in eastern Shandong province. Now the port is building ro-ro terminal and the auxiliary facilities, expecting to start whole-car imports in the coming year, reports Xinhua. Insiders believe that the import business can help the port fully utilise resources from home and abroad, promote the development of related service industries, such as trade, logistics and finance as well as increase Qingdao checkpoint's utilisation efficiency, lower the logistics costs for the imported whole cars and the parts to meet increasing demand for imported cars from hinterland. It will also establish auto industry system integrating R&D and manufacturing, exhibit and trading, handling and transport, parts maintenance and manufacture, whole-car refitting and credit financing.

Maersk Line first carrier to surpass million TEU mark in Qingdao

PostTime:2012-11-19 08:10:34 View:938

GLOBAL container shipping company, Maersk Line, has made history at Qingdao Port by becoming the first carrier to handle more than one million TEU in a single year. The significant milestone in the history of the Port of Qingdao was witnessed by chairman and president of Qingdao Port Group Chang Dechuan, Maersk North Asia CEO Tim Smith and customer representatives. "Being the eighth biggest port in the world today, Qingdao has been growing with an astonishing speed in the recent years," said Mr Smith. "The advanced infrastructure, impressive port productivity, and second-to-none service level of the port has won it the trust and support of carriers including Maersk Line." The Danish shipping group invested in the Qingdao Qianwan Container Terminal (QQCT) in 2003. The following year, Maersk Line expanded its feeder service in Qingdao to deploy direct calls at Qingdao for its European trades, and later launched a service between Qingdao and the US west coast. Maersk Line has 11 global services calling at Qingdao Port.

Qingdao-Dongjiakou to build world's largest deep water port

PostTime:2012-11-13 08:28:29 View:1322

QINGDAO-DONGJIAKOU port in eastern China's Shandong province has designed three major harbour basins with 112 berths and has now completed construction of a 400,000-tonne berth, the largest deep water facility in the world, reports Xinhua. At present, the port's 20 ongoing and confirmed projects will involve an investment of more than CNY1.15 billion (US$18,54 million), of which over 10 billion has been invested on projects involving petrochemical refining, green steel products, chemical engineering, marine equipment and helicopter manufacture. Besides, the bonded zone expansion project will start construction with a planning area of 20 square kilometres, which will lay out a solid foundation for building a "fourth generation logistics port" and international free trade port.

Qingdao's 9-month container throughput rises 11pc to 10.8 million TEU

PostTime:2012-11-07 07:47:13 View:716

FROM January to September, eastern China's port of Qingdao recorded a container throughput of 10.88 million TEU, up 11 per cent year on year, Xinhua reports. In the same period, the port's overall tonnage increased 8.6 per cent to 308 million tonnes. The port is aiming at a container throughput of 14.5 million TEU and 400 million tonnes over all by the end of the year. Qingdao has signed cooperation agreements with some of the world's top 500 enterprises and China's top 50 this year, such as Royal Vopak, China Merchants and Cosco Pacific. This will help to further boost the port's business.

Qingdao confident of double-digit growth

PostTime:2012-10-10 08:21:21 View:579

Qingdao port, the world's seventh-busiest by cargo volume in 2011, expects to see its cargo volume increase in double digits this year, reported China Daily.Despite the effects of the sluggish world economic recovery and China's economic slowdown on the global shipping industry, the port handled 372 million metric tonnes of cargo in 2011. Its goal for this year is more than 400 million tonnes of cargo and 14.5 million TEUs.The company attributed the port's performance to its "high efficiency" in handling cargoes, which saved the shipping companies' time and made it a stronger competitor against other ports.By September 24, total throughput at the port had exceeded 300 million tonnes, reaching that number 26 days earlier than in the previous year."We are very confident about achieving this year's goal," Chang Dechuan, chairman of Qingdao Port (Group) Co, said.The world shipping industry has been struggling with difficult market conditions since the latter half of 2011, due to the ongoing eurozone debt troubles and cooling economic expansion in China, which has put downward pressure on global demand for Chinese exports, as well as China's appetite for bulk commodities such as coal and crude oil.Trade experts and industry analysts said that the declining market is likely to persist for the next few years and no substantial recovery in either external or domestic demand is expected within the next two or three years."Chinese ports are generally suffering from overcapacity," Chang said."The current economic slowdown will intensify competition between ports and may also lead to industry consolidation."Given the current declining shipping market, Chang said Qingdao port would lower its charges to help shipping liners weather this difficult period."Ports and shipping companies should brace themselves and help each other in the face of uncertainties in the global and domestic economies," he added.But Qingdao, unlike other ports, faces the problem of having relatively little capacity. With 1.3 percent of China's port shoreline, it handled 6.9 percent of the country's total cargo transported by sea in 2010.To expand its capacity, Qingdao port plans to invest US$4.76 billion by 2015 in the 400,000-tonne Dongjiakou ore terminal, which is expected to become operational later this year. In addition, the port also intends to build a 300,000-tonne oil terminal and a coal terminal whose capacity "is still under discussion", Chang said.Chinese ports, the world's busiest, handled a total cargo volume of 792 million tonnes in August, up two percent year-on-year – the smallest increase since the beginning of this year, according to the Ministry of Transport.In the meantime, Chinese ports' container throughput reached 15.11 million TEUs in August, up 3.9 percent year-on-year, according to official data.

Qingdao container volume up 11.2pc, defies depressed market conditions

PostTime:2012-10-09 07:54:53 View:611

THE second largest port in China for foreign trade, Qingdao, has manage to maintain its status with a year-on-year growth of 9.4 per cent in its foreign trade cargo volume to 157 million tonnes in the first seven months of this year. In the same period, the port's overall tonnage increased 8.3 per cent to 241 million tonnes, while its container throughput climbed 11.2 per cent to 8.46 million TEU. The port's operating revenue grew 15 per cent to CNY7.1 billion (US$1.13 billion), according to Xinhua. Qingdao is aiming to accomplish a throughput of 400 million tonnes in terms of tonnage and a box volume of 14.5 million TEU by the end of the year. In the meantime, its Dongjiakou port area will finish building of 10 new berths by the end of the year end, which will bring the port 100 million tonnes of extra capacity.

Qingdao to build eight new logistics parks to make itself transit hub

PostTime:2012-09-18 08:07:16 View:852

EAST China's Qingdao plans to build eight new logistics parks in next five years to accelerate the pace of building the city into a complex shipping hub for northeast Asia, and a international air logistics centre, reports Xinhua. The city will spend CNY45 billion (US$7.1 billion) on building 63 key logistics projects covering cold chain logistics and transport, e-commerce logistics and transport, international logistics and transport, bonded logistics and transport, and logistics information platform. The city's logistics industry turnover is expected to account for 11 per cent of its GDP by 2015.

Trade slump to bring hard times to Chinese shipping: Qingdao port chief

PostTime:2012-09-04 08:24:07 View:556

CHINESE shipping insiders have warned that the country's shipping industry faces a difficult situation within the year as a result of slump in import and export growth, reports Xinhua. "It would be more difficult in the second half than in the first," said Qingdao Port (Group) chairman Chang Dechuan. "Port and shipping enterprises need to be well prepared as the global economic downturn would mire the import and export in the next two to three years, and the situation is compounded by uncertainties in the domestic economy," said Mr Chang on the fringes of an enterprise forum in Changchun, the capital of northeastern Jilin province. Profit growth for port enterprises has dwindled, judging from the performance of listed companies, while shipping enterprises have suffered great losses due to global over-capacity.

Qingdao plans to raise logistics volume to 30 million tonnes by 2016

PostTime:2012-08-14 12:22:16 View:1027

EASTERN China's city of Qingdao has launched a CNY23 billion (US$3.61 billion) logistics park development to build a complex covering 16 million square metres (six square miles) by 2016, Xinhua reports. According to the plan, Qingdao will build up a number of logistics facilities including Qingwan South Port Area Logistics Park, Dongjiakou Port Area Logistics Park, Jiaozhou Bay International Logistics Park and Chengyang Integrated Logistics Park. Logistics volume of the city will be raised to 30 million tonnes. Qianwan South Port Area Logistics Park will offer distribution, warehousing and information services. Dongjiakou Port Area Logistics Park aims to become a bulk cargo distribution hub and an energy resource storage centre in China. Jiaozhou Bay International Logistics Park will be built into a ground logistics and e-commerce hub based on the Jiaozhou Bay Railway Container Terminal. Chengyang Integrated Logistics Park will offer comprehensive logistics services relying on Qingdao's airport and road network.

Qingdao establishes scheduled intermodal rail cargo service to Uzbekistan

PostTime:2012-07-20 13:00:18 View:815

THE first scheduled railway cargo service from Qingdao to Uzbekistan has commenced, Xinhua reports. China's Ministry of Railway rolls out a project called "100 and 1,000 strategy" in May, which includes offering 100 express railway cargo service and 1,000 direct railway cargo services with fixed departure and arrival stations, time, routes. The Qingdao-Uzbekistan service is one of the routes in the project. The new service starts off from Qingdao Railway Gangwan Station and arrives at Xinjiang's Alashankou, where cargo will be transshipped to trains to central Asia and Europe. Running time is 101 hours and 26 minutes, 120 hours faster than conventional transportation. Automaker Buick is the first big client of the new service and will send two railcars of automobile parts from Qingdao to Uzbekistan every week.