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Horizon Lines offers faster transit time for Shanghai-Kansas cargo
PostTime:2011-01-27 15:12:06 View:600
Horizon Lines has instituted a 15-day transit schedule for containerised cargo shipped from Shanghai to Kansas City with its new international service. The company launched the Five-Star Express (FSX) transpacific ocean service between China and the United States in December, and selected Kansas City as a key hub for its express ocean-rail intermodal package."Our goal is to offer the fastest weekly deliveries by using scheduled intermodal rail service from Los Angeles," said Brian Taylor, senior vice- president, chief commercial officer, for Horizon Lines. "We believe the 15-day Shanghai-to-Kansas City schedule is the best in our industry. It is proving to be on-target and completely effective." The ocean carrier commenced the FSX service with a sailing from Ningbo, China, on December 14 and Shanghai on December 15. The cargo arrived in Kansas City on December 30, and was available for pick-up at 4:32 am that day. Horizon Lines is the nation's leading domestic ocean shipping and integrated logistics company, operating weekly vessel service between the mainland US and its domestic offshore markets in Alaska, Hawaii, Guam, and Puerto Rico. "Other carriers have reduced inland service locations and slowed service speeds but our customers are telling us they want fast and reliable service alternatives, not only port-to-port, but inland to final destinations as well," Taylor said. "US retailers are maintaining low inventory levels and our Five-Star Express service provides a fast and reliable transit schedule to deliver goods to their shelves in a timely manner."
Horizon Lines offers faster transit time for Shanghai-Kansas cargo
PostTime:2011-01-26 22:09:25 View:549
Jan 26 -- Horizon Lines has instituted a 15-day transit schedule for containerised cargo shipped from Shanghai to Kansas City with its new international service. The company launched the Five-Star Express (FSX) transpacific ocean service between China and the United States in December, and selected Kansas City as a key hub for its express ocean-rail intermodal package."Our goal is to offer the fastest weekly deliveries by using scheduled intermodal rail service from Los Angeles," said Brian Taylor, senior vice- president, chief commercial officer, for Horizon Lines. "We believe the 15-day Shanghai-to-Kansas City schedule is the best in our industry. It is proving to be on-target and completely effective." The ocean carrier commenced the FSX service with a sailing from Ningbo, China, on December 14 and Shanghai on December 15. The cargo arrived in Kansas City on December 30, and was available for pick-up at 4:32 am that day. Horizon Lines is the nation's leading domestic ocean shipping and integrated logistics company, operating weekly vessel service between the mainland US and its domestic offshore markets in Alaska, Hawaii, Guam, and Puerto Rico. "Other carriers have reduced inland service locations and slowed service speeds but our customers are telling us they want fast and reliable service alternatives, not only port-to-port, but inland to final destinations as well," Taylor said. "US retailers are maintaining low inventory levels and our Five-Star Express service provides a fast and reliable transit schedule to deliver goods to their shelves in a timely manner."(Source: Cargonews Asia)
Shanghai eclipses Singapore with top spot win
PostTime:2011-01-11 08:41:29 View:386
Shanghai has beaten Singapore to take the title as the world's leading container port for 2010 - scooping the title with a throughput of 29.5 million TEU compared to Singapore's overall total of 28.4 million TEU (made up from both its PSA-controlled terminals and Jurong port).Shanghai's total container liftings soared by 18% compared to 2009's total of 25 million TEU, while Singapore's throughput signalled an increase of 9.9% year-on-year.The news is not too much of a surprise as Shanghai topped Singapore's liftings nearly every month last year. Shanghai's government said in a statement that the port soared to the top due to the growth in China's trade and by the business sparked by the World Expo, which it hosted last year. China's continued strong export demand can be seen by the latest monthly figures: According to the latest customs statistics, the country's December exports jumped by 17.9%, compared to the same month of 2009.Shanghai port seems set to build on its strong growth in business: its operator, Shanghai International Port Group (SIPG) is pushing ahead with its Yangtze River strategy, which is to build a port in every strategic area along the river and integrate the terminals in order to continue to generate a strong flow of cargo to Shanghai. Furthermore, secretary of the board of directors, Jiang Haitao recently told CI-eXpress that its purchase of 25% of the shareholding of Zeebrugge port would promote the exchange between the north European port and Shanghai, and assist to lift the business for both terminals. Meanwhile, CI-eXpress reported last week that at the end of December phase six of Shanghai's Waigaoqiao terminal was opened for business - adding an annual capacity of 2.1 million TEU to the port.
Decline in Asia to Europe rates slows
PostTime:2010-12-31 07:49:45 View:643
The decline of container rates on the Asia to Europe trade slowed last week, as prices dropped just US$4 per teu. According to the Shanghai Shipping Exchange (SSE), rates on services from Shanghai to Northern Europe dropped from $1,337 per teu for the week ending 10 December, to $1,333 per teu for the week ending 17 December.
PostTime:2010-12-15 07:34:59 View:639
Vessels berth at the Waigaoqiao container terminal in Shanghai. The city's foreign trade value in November increased 35.3 percent year on year to US$64.06 billion, according to Shanghai Customs. Exports climbed 36 percent on an annual basis to US$40.31 billion, and imports rose 34.1 percent from a year earlier to US$23.75 billion. In the first 11 months of this year, Shanghai's foreign trade soared 34.2 percent year on year to total US$618.42 billion.
Logwin opens new Shanghai facility
PostTime:2010-12-06 07:49:28 View:668
Logistics provider Logwin has opened a new high-end logistics centre in Shanghai to meet growing demand from international and local customers for value-added services.The Waigaoqiao facility has an area of 2,000 sqm and includes warehousing, a bonded area, temperature controlled storage and a processing zone. It adds to Logwin's growing network of logistics centres across China."This facility, ideally located close to Waigaoqiao port and the national highway network, supports Logwin's aim to be a leading provider of high value-added logistics services in China and across the region," said Ronnie Rong, Shanghai branch manager at Logwin.Logwin has operated in the Waigaoqiao Bonded Area since 2000 and has decades of experience in bonded handling and trading. Logwin has a Class-A license for logistics and trading operations in China. This provides customers with integrated solutions through Logwin's network of offices and logistics facilities. The company's IT system also provides improved transparency and monitoring of products throughout the supply chain. In the Shanghai area, Logwin China also operates another warehouse facility in Baoshan for non-bonded services. There are dedicated areas within the facility equipped and designed for the both the fashion and hi-tech sectors.In addition, Logwin also provides a full range of services for other industries including automotive parts and industrial clients at Baoshan. Services include quality checking, price tagging, sorting, labelling, scanning and pick-and-pack. A team of specially trained staff sort and custom pack fashions goods for European markets, re-labelling items to EU standards, ready for sale when delivered to retail outlets around Europe. Logwin also offers similar services for the domestic market, re-labelling and packing imported products for Chinese customers.In Shanghai's Lingang district, Logwin operates a 6,000 sqm CFS (Container Freight Station) close to the deepwater Yangshan Port. The facility mainly provides consolidation services for major exporters."Investment in our logistics centres in Shanghai demonstrates our commitment to support our customers as they expand their businesses in China," Rong added.
PostTime:2010-12-03 08:00:37 View:545
FOG enveloped the city and severely disrupted traffic early yesterday morning, but the temperature rose rapidly as the day wore on, reaching nearly 20 degrees Celsius, weatherman said.Continuous foggy days have given rise to more respiratory disease symptoms among locals, doctors said yesterday.The heavy fog started on Wednesday evening and led to the bureau issuing a yellow fog alert.More than 25,000 passengers have been affected since Wednesday, with flights delayed or canceled at Pudong International Airport.More than 10 international flights were redirected to Hongqiao International Airport yesterday for landing.Water traffic was also affected as fog shrouded the mouth of the Yangtze River. Ferry services to Chongming Island were halted Wednesday and did not resume until 11am yesterday.More than 100 vessels were delayed entering or leaving city ports yesterday as navigation channels were closed.At Waigaoqiao Port, the city's major gateway for shipping, swarms of ships left yesterday at 10am as the fog lifted. The port emptied within an hour, said port authorities.The fog lifted early yesterday after the sun came out and the yellow alert was lifted at 5:15am, the bureau said.Foggy weather should not occur today due to a new cold front arriving, but it could return on Sunday, said Li Jinyu, a chief service officer at the?bureau. Temperatures rose quickly yesterday and hit 19.6 degrees Celsius in the afternoon, which is unusually high for December, weatherman said. The last time the high was around 20 degrees in December was almost two years ago, at 20.5 degrees in 2008.However, the warm weather should not last long as the next cold front is arriving in town today, bringing a low of 8 degrees. It is to be colder tomorrow with a low of 7 in urban areas and 5 in the suburbs.Medical experts have advised people, especially children, the elderly and those with respiratory and cardiac conditions, to take extra care during foggy weather and be mindful of the frequent fluctuations in temperature.The number of children with asthma and other severe respiratory problems admitted to hospital doubled in some areas.The Shanghai Children's Medical Center received over 3,800 outpatients yesterday. About 65 percent of them children with respiratory problems."The period of late autumn and early winter is always the peak season for diseases like cold, fever and allergic diseases," said Xia Lin, an official with the center.
Waigaoqiao Port sixth phase nears completion
PostTime:2010-12-03 07:53:20 View:632
Construction of most of the sixth phase at Shanghai's Waigaoqiao Port has been completed, and the facilities will be operational later this month, further boosting the city's container handling capacity and key to its global shipping centre ambition, reported Shanghai Daily.The latest phase will add 2.1 million TEUs of annual capacity and handle 730,000 units of auto roll-on/roll-off (ro-ro) annually, the city's port operator said. Extending 1,538m of coastline, the phase, with an estimated total investment of US$726 million, adds three container berths and two ro-ro docks for ships carrying wheeled cargo such as cars, trucks, semi-trailer trucks and trailers to berth.The completion of the phase will boost Shanghai's bid to become a global shipping hub by 2020 after the State Council, China's Cabinet, last year drafted guidelines for the city to initiate innovative shipping services.Shanghai's container throughput grew 8.1 percent year-on-year to 2.35 million TEUs in October, ahead of Singapore's 2.31 million TEUs. The city remained the world's busiest port for the third month after it overtook Singapore in August.The Waigaoqiao Port accounts for more than half of the city's container throughput.
Dalian Port plans Shanghai exchange listing
PostTime:2010-11-23 07:55:11 View:797
DALIAN Port Co said it plans to raise as much as 6 billion yuan (US$904 million) in its Shanghai initial public offering, with an offering range of 3.60 yuan to 4.00 yuan, which corresponds to 20.99 to 23.33 times the company's expected earning per share for 2010.It will sell 1.5 billion A shares, less than its earlier plan of 2.4 billion shares, citing volatile market conditions, Dalian Port said in a statement to the Shanghai Stock Exchange. Its shares will be open to subscription for individual investors starting today. Half of the new shares will be sold to its parent company Dalian Port Group in a private placement, which holds 62.09 percent stake of the limited company. Northeast China's biggest port operator will use 60 percent of the proceeds to expand oil and ore projects, according to the prospectus. Oil transportation has a huge growth potential, unlike southern China's port which mainly deals with dry bulk goods like iron ore and coal, the company's board secretary Zhu Hongbo said at an online roadshow yesterday. Citic Securities is the main underwriter of the IPO.
Shanghai Shipyard books four boxships
PostTime:2010-11-15 08:10:18 View:786
West Africa liner specialist NileDutch has ordered its first newbuilding orders. Rotterdam-based NileDutch has inked a $200m deal for four boxships, which it will use in the growing Asia-to-Africa liner shipping services. NileDutch managing director Jan Wilem de Braal confirms an order has been signed with China's Shanghai Shipyard for four geared boxships of 3,500-teu. The ships are thought to be costing around $51m each for delivery in late 2012 and early 2013. Braal says the newbuildings will be used to replace four ships of around 2,500-teu capacity that operate between the Far East and Asia. That suggests it will eventually replace the four chartered vessels NileDutch operates on its own in a service.
PostTime:2010-10-08 08:19:15 View:447
With relations between Greece and China taking a great leap forward in recent weeks, Shanghai rather than New York could become a shipowner's top pick when tapping the money markets, it is suggested. On the back of Chinese Premier Wen Jiabao's first visit to Greece in half a century and a series of landmark loans between Greek heavyweights and Chinese banks, the sight of a European owner ringing an opening bell in Shanghai could be just around the corner, according to Greek broker N Cotzias. Equally, the names of Cosco, Nanjing Tanker or Grand China Logistics could soon be up in lights outside 4 Time Square, the broker's latest report suggests. "The next step will be Chinese shipping companies opening up their appetite to get listed in the western capital markets, in form of IPO's, SPAC's or even Mini-SPACs," the report said. "And why not also the healthy Chinese Stock Exchange attracting possible listings of Greek and companies from other leading shipping nations that could well benefit from the safety, liquidity and large volumes that are traded in the Asian stock markets?" "Maybe the time is mature enough for such thoughts." The Export-Import Bank of China had sealed its first shipf inancing transactions with Greek shipowners in a series of landmark agreements signed in Athens. John Angelicoussis and Diana Shipping both secured loans with the bank while George Economou penned a facility with China Development Bank.
Cargoitalia Milan-Shanghai flights start in September
PostTime:2010-08-09 07:58:03 View:603
CARGOITALIA plans to start a Milan to Shanghai service from September 8 when it deploys its recently delivered MD11 freighter on two direct flights from its Milan Malpensa hub to Shanghai Pudong, increasing to three times a week in October."Mainland China has always been high on our list of priorities for a scheduled service, and Shanghai is attractive because it has strong traffic in both directions. The addition of Shanghai to our network also opens further potential for transhipment to and from the US, using our New York and Chicago services," said Cargoitalia commercial director Roberto Gilardoni.