Seaspan orders10 boxships from Shanghai Waigaoqiao Photo: SWS

PostTime:2021-10-20 08:12:35 View:562

CSSC Waigaoqiao Shipbuilding has signed the official contract for ten 7,000 teu containerships from Seaspan Corp. Katherine Si | Oct 19, 2021 Designed by Shanghai-based SDARI, the vessels will be 272 metres length and 42.8 metres width, which are scrubber-fitted and are anticipated to begin deliveries in 2024. It is the first-time cooperation Seaspan has ordered from Shanghai Waigaoqiao, and this could strengthen the market position of Waigaoqiao for containership construction, commented Waigaoqiao. Related: Seaspan sees strong demand for 7,000 teu boxship newbuilds The deal makes total volume of orders on hand of 7,000 teu containerships for Waigaoqiao reached 22 vessels, ranking it top in the global market for this ship size. 

Shanghai posts record monthly volume of 4.3 million TEU

PostTime:2021-09-28 08:07:01 View:594

THE Port of Shanghai posted a container volume of 4.3 million TEU in August, hitting a new monthly record high, reports Colchester's Seatrade Maritime News. The new figure exceeded the previous single month's container volume record of 4.2 million TEU last October. In August, new port equipment at the fourth phase of Yangshan automated terminal was put into operation, while the Shanghai port empty container transportation centre also opened up, which effectively improved container handling ability of Shanghai port.  

Record high container volume at Shanghai port in August

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The port of Shanghai posted a container volume of 4.32m teu in August, hitting a new monthly record high. Katherine Si | Sep 24, 2021 The new figure exceeded the previous single month container volume record of 4.2m teu in October last year.  In August, new port equipment at the fourth phase of Yangshan automated terminal was put into operation, while the Shanghai port empty container transportation centre also opened up, which effectively improved container handling ability of Shanghai port.

Shanghai International Port Group opens 800,000 TEU port in Haifa

PostTime:2021-09-07 08:04:35 View:492

ISRAEL's Haifa New Port, operated by the Shanghai International Port Group (SIPG), officially opened last week, the first new port opened in the Middle Eastern country for the past 60 years. It was also the first time Chinese enterprises exported advanced technology and management experience about smart ports to a developed country as part of its Belt and Road infrastructure initiative, reported Beijing's China Global Television Network. Haifa's travelling crane and storage yard are both operated by an automated system, just like at Shanghai's fourth phase Yangshan Deep-Water Port, which is now the world's biggest automated container terminal, said SIPG vice president Fang Huaijin. The remote operation system and automated equipment in the new port are also similar to the ones at Yangshan Port, Mr Fang said. But SIPG made adjustments to local conditions in terms of the remote connections to trucks, shipping agencies and freight forwarders. The port will be the most efficient one in Israel, according to Mr Fang. Under China's Belt and Road Initiative (BRI), SIPG won the operating rights of Haifa New Port in 2015, beating international competitors. In 2018, SIPG officially launched the construction project. Construction on the Haifa New Port Terminal project was planned in two phases. The first was an 805.5-metre shoreline terminal that will have an annual container throughput of more than one million TEU. The second phase will be 715.7 metres long with an annual container throughput of 800,000 TEU. "With the advanced technology and rich experience provided by SIPG, we hope the new port will not only serve Israel's demands, but also become a regional logistics hub to serve gulf countries, or even the whole Middle East," said Izak Blumenthal, CEO of Israel Ports Company. Wang Shuming, deputy director of the Shanghai Centre for Jewish Studies, said Chinese companies have participated in a great deal of Israeli infrastructure projects, but on most of them, they just handled construction and then turned the projects over to locals. Mr Wang pointed out that as Haifa's operations mature over the next 25 years, it may lead more countries and regions along the Belt and Road to want to work with Chinese companies on larger infrastructure projects.

Port of Shanghai makes progress overcoming box shortage

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THE Port of Shanghai is opening an empty container transport centre to serve the northeast Asian region, reports Fort Lauderdale's Maritime Executive. The centre will come into being through a partnership of the Shanghai International Port Company and major carriers including Maersk, CMA CGM and Mediterranean Shipping Co (MSC). Shanghai handled 43.5 million TEU in 2020 and continues to see growth in its volume. Shanghai handled 22.94 million TEU in the first half of 2021, up 14 per cent versus 2020. China's dry box output climbed 235 per cent in the first six months of the year to three million TEU. Chinese officials declared the centre would help address the imbalance between import and export containers, citing US port congestion, trade imbalances, and logistic hurdles as the factors contributing to the shortage in containers. The goal is to improve the flow of containers as Chinese manufacturers prepare for the busy season leading up to the holiday season.

Shanghai-Ningbo typhoon results in week-long cargo delays

PostTime:2021-08-12 08:29:28 View:536

JAPANESE owned but Singapore based Ocean Network Express (ONE) says Typhoon In-fa, that hit Shanghai and Ningbo, has caused delays of up to a week on some services, including intra-Asia services connecting Japan, New Zealand and Vietnam. While the typhoon led to the temporary closure of both ports, the impact has been longer lasting, creating queues of ships waiting to load and unload, which is having a knock-on effect on sailing schedules that are already disrupted, reports IHS Media. Maersk said the delays at Shanghai, the world's busiest container port, are likely to last at least another week. "Shanghai is suffering port congestion clearing the backlog caused by Typhoon In-fa," Maersk said. "For Maersk, we see the waiting time is between two to four days in the Waigaoqiao and Yangshan areas. We expect the situation will recover in a week's time or perhaps longer." Yangshan is Shanghai's main port area in Hangzhou Bay about 80 miles from the city centre, while Waigaoqiao is in Shanghai's Pudong district where APM Terminals operates Shanghai East Container Terminal in a joint venture with Shanghai International Port Group.  

TS Lines orders four 7,000-TEUers from Shanghai Waigaoqiao yard

PostTime:2021-07-14 08:09:11 View:395

TAIWAN's TS Lines has placed an order for the construction of four 7,000-TEU ships with Shanghai Waigaoqiao Shipbuilding, reports Cochin's Haulage News. Designed by Shanghai Merchant Ship Design & Research Institute (SDARI), the ships will feature environmental design concepts resulting in high efficiency and energy saving. They will be 272.5 metres long, 42.8 metres wide, and be compliant with the Tier III and EEDI Phase III requirements. TS Lines operates a fleet of 46 containerships with a total capacity of close to 100,000 TEU, engaged predominantly in trading in the Asian region. As informed, with this contract the company has more than 10 orders for 7,000 TEU containerships, which has effectively consolidated its market share in the medium-sized container ship segment. The deal is being announced on the back of a steel cutting ceremony Shanghai Waigaoqiao Shipbuilding held on Monday, marking the construction start for the 210,000-ton series bulk carrier for Japan's Santos Shipbuilding. The vessel is the second of two 210,000-ton series bulk carriers being built for the company and is the 11th ship that the SWS has started building this year. The two shipbuilders have cooperated on several construction projects so far, including three 176,000-ton and four 187,000-ton bulk carriers.  

Singapore still tops - ahead of London, Shanghai, Hong Kong, Dubai

PostTime:2021-07-13 08:20:41 View:900

SINGAPORE kept its position as the world's top port on the 2021 Xinhua-Baltic International Shipping Centre Development (ISCD) Index for the eighth consecutive year, reports the Straits Times. Singapore was followed by London, Shanghai, Hong Kong and Dubai, according to the ISCD ranking. The top five rankings were unchanged from the previous year, despite the pandemic-induced drop in global trade and business disruption in 2020, the Baltic Exchange, a global maritime market data provider, said in a statement on July 11. The ISCD Index, part of the annual Xinhua-Baltic Report, is published by the exchange in collaboration with Chinese state news agency Xinhua. The index provides an independent ranking of the performance of the world's largest cities that offer port and shipping business services. Singapore has consistently led the index, thanks to the size of its port, number of internationally focused shipbrokers, financiers, lawyers and insurers based here, and supportive government policies, according to the Xinhua-Baltic Report 2021 released on Sunday. Baltic Exchange chief executive Mark Jackson said 2021 rankings were made on the back of the global Covid scare and major disruptions to lives and businesses around the world. "Notwithstanding these challenges, the huge infrastructure of people and equipment that supports the global seaborne movement of billions of tonnes of trade held strong," he said. The Baltic Exchange, which is headquartered in London, was acquired by Singapore Exchange in November 2016. Senior Minister of State for Transport Chee Hong Tat said: "As the world's busiest container transshipment and bunkering hub, the Port of Singapore has done well to support global seaborne trade during this pandemic. Maritime and Port Authority (MPA) of Singapore chief executive Quah Ley Hoon said that Singapore's status in the global maritime industry is due to the combined efforts of an ecosystem of many strong partners. She said the MPA will continue to work closely with its partners, including supporting the industry on its immediate challenges facing seafarers, and its transformation along digitisation, decarbonisation and capability development. Baltic Exchange Asia head Su Ling Lu noted that Singapore continues to develop its maritime industry with a focus on technological advances in future shipping fuels, innovation safety improvements, nurturing young talent and workforce transformation. She said Singapore's score of 97.2 was far ahead of the average score of 58.8 points among the 43 ports rated in the index.

Shanghai Waigaoqiao Shipbuilding delivers 500th vessel

PostTime:2021-04-19 08:30:53 View:365

CSSC Shanghai Waigaoqiao Shipbuilding delivered its 500th commercial vessel, a bulker for Foremost Group. Katherine Si | Apr 16, 2021 The latest delivery is a 210,000 dwt Newcastlemax bulk carrier, ordered by New York-based Foremost Group. The shipyard has delivered 500 commercial vessels since from 2013. Total shipbuilding output of Waigaoqiao amounts to 89.68m dwt, and the annual ship delivery average is 498.2m dwt. Related: SWS China’s top shipbuilder by output in first eight months of 2020 In the first quarter of 2021, China State Shipbuilding Corporation (CSSC), parent company of Waigaoqiao, posted an increase of 57.6% year-on-year for newly received orders, and 74.2% growth rate of total profit.

Shanghai to USWC rates rose 0.9 per cent to US$3,440/ FEU

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HONG KONG exports increased 44 per cent year on year in January- the best monthly rate of climb since 1992 - while imports rose 37.7 per cent as trade picked up across Asia due to the timing of Chinese New Year, reported Bloomberg. Exports to China were a key driver of the economic recovery as the mainland continues to lead the regional rebound from the pandemic, said the Hong Kong Government. While Hong Kong's economy posted a record 6.1 per cent contraction overall in 2020, a surge in exports to the mainland beginning in September helped the city to return to quarter-to-quarter growth in the last half. Chinese New Year was in February this year but in January last year and that timing difference affected the results, the government report said. Companies were on holidays for some of January 2020, while many firms were rushing to get products out the door in January this year before going on holidays this month. "Looking ahead, the mainland economy is expected to grow strongly, while import demand of the advanced markets should recover further if their epidemic situation gradually stabilises," the report said. ¡°These developments bode well for Hong Kong's exports of goods in the near term." Hong Kong's economy will return to growth this year and expand between 3.5 and 5.5 per cent, Financial Secretary Paul Chan forecast in his budget speech, although that is dependent on the global rollout of vaccines to spur a return of external demand and international travel. "We hope that from the second half of the year we will see more vibrancy in the economy," Mr Chan said. Mr Chan announced more than HK$120 billion of stimulus Wednesday including HK$5,000 in spending vouchers for each resident and loans for the unemployed. He also proposed raising taxes on stock transactions to generate more revenue and narrow an expected record budget deficit.

Taicang to work with Shanghai port on box terminal development

PostTime:2021-02-23 09:28:40 View:323

THE ports of Taicang and Shanghai have signed a deal to develop the fourth phase container terminal at Taicang and to foster integration within the Yangtze delta, reports Colchester's Seatrade and Maritime. North shore Taicang, upstream from Shanghai, port posted a throughput of 5.21 million TEU in 2020. Taicang port once the home of an innovative, but failed China-LA shuttle 10 years ago run by the bankrupted Danish Containership Company, now plans to strengthen its cooperation with the bigger port. The fourth phase container terminal of Taicang port will build four 50,000 tonnes-class container berths, with an annual capacity of two million TEU per year. Operations are expected to start in July this year. Upon the completion of this terminal project, container handling volume of Taicang Port Shanghai Port Zhenghe Container Terminals Company, the joint venture established by the two ports, will have an annual handling capacity of five million TEU.    

Kuehne+Nagel buys Shanghai logistics giant Apex International

PostTime:2021-02-23 09:23:01 View:363

THE world's biggest sea freight forwarder Kuehne+Nagel is acquiring Apex International Corporation, one of Asia's leading forwarders, the Swiss company announced. Shanghai-based Apex will continue to operate separately within the Kuehne+Nagel Group once the sale is complete. Apex, a major player in the transpacific and intra-Asia, was founded in China in 2001 and has expanded throughout Asia and beyond. With 1,600 employees, Apex generates yearly turnover in excess of CHF2.1 billion (US$2.3 billion), handling 750,000 tons air freight and 190,000 TEU of sea freight in 2020. "The Apex and Kuehne+Nagel provides customers an opportunity in the competitive Asian logistics industry, especially in e-commerce fulfilment, hi-tech and e-mobility," said Kuehne+Nagel International CEO Detlef Trefzger. Said Apex chairman Tony Song: "With Kuehne+Nagel, we have found a strategic shareholder and logistics group with more than 130 years of heritage. We will complement Kuehne+Nagel's existing global air logistics team while offering our management and key talents unique career opportunities." The acquisition is subject to customary closing conditions, including merger clearance by the competent competition authorities. The purchase price will be financed by available liquid sources and, if needed, by available credit lines.