Shanghai's Zhonggu orders 12 x 4,600-TEUers for US$696 million

PostTime:2021-01-25 09:00:22 View:242

SHANGHAI's Zhonggu Logistics has announced plans to order up to eighteen 4,600-TEU for CNY4.5 billion (US$696 million) to add to fleet of 100 box ships it now has, reports Colchester's Seatrade Maritime News. The company is going to sign firm order for 12 vessels as well as the option for another six of same type of vessels with undisclosed Chinese shipyard. According to Zhonggu Logistics, the vessels will be delivered during two to four years. Building of the new vessels will strengthen the company's position in domestic container shipping market, reduce ship operation costs, improve fleet efficiency and increase income, said Zhonggu Logistics, which was established in 2003.

Shanghai still the world's busiest container port, record volume in 2020

PostTime:2021-01-08 08:12:41 View:320

SHANGHAI port posted a new record container volume of 43.5 million TEU last year, retaining the title of the world's busiest container port for the eleventh year in a row. The 43.5 million TEU volume in 2020 represents a small increase on Shanghai Port's 2019 total container throughput of 43.3 million TEU. Despite the continued Covid-19 outbreak and unstable international trading, Shanghai port maintained a strong performance in the past year. In July and October 2020, the port reported a container handling record volumes of 3.9 million TEU and 4.2 million TEU respectively. Yangshan port area hit a historical record and posted a container throughput of 20 million TEU last year. The container volume for international cargo transshipment at Shanghai port was over 5.3m TEU in 2020, a year-on-year increase of 14 per cent . The inland container trading volume was more than 6 million TEU, an increase of 15 per cent year on year and hitting a record high, reports Seatrade Maritime News, Colchester, UK.. Shanghai port will further develop the port eco-system to support its international shipping hub construction, accelerate the cooperation with Yangtze river delta and improve the overall competitiveness and influence in the coming days, said Gu Jinshan, chairman of Shanghai International Port Group (SIPG).  

Shanghai's box volume hits 40 million TEU for 4 year running

PostTime:2020-12-04 08:33:20 View:310

CONTAINER volume for Shanghai International Port Group (SIPG) has already surpassed 40 million TEU in 2020 for the fourth consecutive year, say port authorities. Despite the outbreak of the Covid crisis, Shanghai port maintained fast growth in container throughput and accelerated its development of intelligent port systems. On July 39, the port handled a container volume of 149,565 TEU, representing a record single-day high. The automated terminal at Yangshan port made a significant contribution on cargo handling and helped the port to strengthen its position as the world's busiest container port.  

Covid scare delays cargo at Shanghai and sparks checks at China ports

PostTime:2020-12-02 08:20:59 View:365

CHINESE forwarders are reporting delays of up to three days for cargo moving through Shanghai Pudong Airport, following the discovery of a cluster of Covid-19 cases, reports London's Loadstar. "Import and export customs inspections are suspended until further notice from the government," said one forwarder. He added that while flights continued to operate, along with customs clearance, pick-up and delivery, things "might be a bit slow" - but any goods requiring customs inspection are "on hold". Another said delays of between one and three days should be expected. Workers from FedEx and UPS tested positive for Covid-19. FedEx said that it had strengthened the cleaning and disinfection of its facilities and would continue to operate at Shanghai Pudong. DHL also said it would disinfect imported freight. According to local media, Chinese health officials claimed the workers were "cleaning a cargo container from North America". It was not carrying cold chain cargo, however, as in August, when authorities said traces of the virus had been found on imported frozen food. The cluster at the airport has triggered stricter controls elsewhere: China's Shine reports that health inspections at Shanghai's ports will be tightened. Some 69 ports have undergone inspections this week.  

Shanghai's Yangshan port installs export box weigh-ins

PostTime:2020-11-26 08:18:57 View:284

THE launch ceremony of the Verified Gross Mass system (VGM) was held at the Port of Yangshan, reports Shanghai Daily. The system was put into use to record the weight of all export containers and to ensure safety on ships. It was developed by the city's maritime bureau and Shanghai International Port Group and will be first applied to the Shengdong International Container Terminal. Shanghai is one of the biggest container outlets globally with an animal throughput of 40 million TEU and 4 million TEU alone last month. However, many accidents in recent memory have been attributed to overloading and false claims of container weight. This is why a new system like the VGM can improve the accuracy and efficiency of the port, said the port authority.  

Port of Shanghai still number one, handling record 4.2m TEU in October

PostTime:2020-11-12 08:53:05 View:232

THE port of Shanghai has reaffirmed its position as the world's busiest container port last month setting a new record by handling 4.2 million TEU, a year-over-year increase of 15.7 per cent according to official data released by the Chinese authorities. The new record exceeded July's 3.9 million TEU and making Shanghai the first container port to exceed the 4 million TEU mark in a single month. Since the outbreak of Covid-19 at the beginning of the year, the Chinese economy has rebounded from the second quarter, and this has been felt in container volumes, which have only continued to soar, according to media reports. The growth in Shanghai's container volume mirrors similar overall growth in China's cargo volumes, which in total was up nearly 16 per cent at the major ports in October. Total container volume at China's largest seaports was up nearly 20 per cent in October. The strong volume growth has contributed to the reports by the largest shipping lines of both a strong rebound in business as well as a dramatic tightening of availability or in some cases already being fully booked during the peak shipping season. Many of the world's ports are reporting that they are no longer seeing blank sailings but are being asked to accommodate unscheduled additional arrivals as the carriers add sailings to their schedules. In 2019, Shanghai's total container throughput totalled 43.3 million TEU, a year-on-year increase of 4 per cent, and making the port the biggest container port in the world for the tenth year in a row. In 2010, Shanghai port overtook the Port of Singapore to become the world's busiest container port, and there has been no looking back since then.

Shanghai world's first port to handle 4 million TEU in one month

PostTime:2020-11-06 08:17:29 View:235

THE Port of Shanghai has broken its own monthly container handling record, becoming the first port in the world to handle more than four million TEU in a calendar month. Shanghai, the world's biggest boxport, handled 4.2 million TEU in October, up 15.7 per cent year on year, surpassing the record it set in July by 297,000 TEU. "This shows the current strength of demand, but that might not last for many more months. We hear anecdotal reports of western ports somewhat melting down, but it appears that Shanghai - and the Asian ports generally - have the ability to rise to peak demand challenges," CTI Consultancy's Andy Lane told Singapore's Splash 247. Shanghai handled 43.3 million TEU last year, 6.1 million TEU more than second place, Singapore.

Shanghai port container volume hits record high in October

PostTime:2020-11-04 08:28:52 View:223

Shanghai port posted a container volume of 4.2m teu handled in October this year, a record high monthly figure. Katherine Si | Nov 03, 2020 The port handled a container volume of 4.2m teu in October, exceeding the previous single month container throughput record 3.9m teu in July this year. Several sectors of the port also reported historic container cargo handling volume in the past month. Related: Shanghai port hits record high container volume in July Shanghai port has been actively participated in the integration of Yangtze river delta in recent times  strengthening cooperation with ports along Yangtze river. The efficient operation and management of three major container handling zones of Yangshan, international cargo area and domestic cargo area greatly promoted Shanghai port’s container service capability.

Shanghai port sees container throughput hit record high in July

PostTime:2020-08-04 09:45:53 View:252

SHANGHAI port's container throughput of Shanghai port exceeded 3.9 million TEU in July, hitting a record high, according to Shanghai International Port (Group), reports Xinhua. The container throughput of Shanghai port totalled 43.3 million TEU last year, ranking the first in the world for the 10th consecutive year. The port saw its container throughput total 149,565 TEU on last Thursday, representing a record single-day high. As China's economic recovery picked up speed in the second quarter, the country has seen rapid growth in cargo trade, said Xinhua. Shanghai port has been receiving more containers since the second quarter, said Huang Haidong, general manager of the port. Under scientific management and the assistance of automation technology, staff of Shanghai port have overcome obstacles brought by Covid-19, summer heat and the flood season to secure this great achievement, Mr Huang said.  

Zhonggu Logisitcs plans US$214m IPO on Shanghai bourse

PostTime:2020-07-30 09:07:47 View:268

CHINA's Zhonggu Logistics, an affiliate of the country's largest domestic liner operator Zhonggu Shipping Group, plans to raise CNY1.5 billion (US$214 million) through an IPO of its shares on the Shanghai Stock Exchange. The China Securities Regulatory Commission approved Zhonggu Logistics' IPO application on July 23, 2020 and the Chinese investment bank China International Capital Corporation is underwriting the share issuance. Previously listed on Chinese over-the-counter bourse National Equities Exchange and Quotations, Zhonggu Logistics voluntarily delisted itself from this bourse and announced its IPO plans in May 2019. The date for the IPO has not been disclosed. According to Zhonggu Logistics' listing prospectus, CNY1.35 billion of the money raised in the IPO will help fund containers and CNY153 million will help to finance vessel acquisitions. In total Zhonggu Logistics plans to spend CNY2.4 billion (part funded by the IPO proceeds) on acquiring ships and containers. Expenditure for containers is estimated at CNY1.38 billion and total spending on ship acquisitions is estimated at CNY1.02 billion, according to Container News, Jacksonville. Zhonggu Logistics, which offers services in freight forwarding, multimodal transportation and cold chain transportation, will issue 81.9 million shares that represent not more than 10 per cent of its total stocks, leaving majority control with Zhonggu Group chairman Lu Zongjun. Mr Lu owns 499 million shares in Zhonggu Logistics through entities he controls, such as Zhonggu Group, Guyang Investment, and Guze Investment, amounting to 83.13 per cent interest in Zhonggu Logistics. Zhonggu Group alone holds 70.15 per cent of Zhonggu Logistics' shares. In 2019, Zhonggu Logistics recorded revenue of CNY9.9 billion and net profit of CNY858 million, equating to year-on-year growth of 23 per cent and 56 per cent, respectively. As at December 31, 2019, the company had total assets of CNY8.31 billion and total liabilities of CNY5.34 billion.  

OOCL cancels Pearl River sailings, but restores one from Shanghai

PostTime:2020-06-23 08:17:03 View:245

HONG Kong's Orient Overseas Container Line (OOCL), now a Cosco unit, has announced the cancellations of several Pearl River transpacific sailings in July and August, but restores one from Shanghai. The July 10 Shanghai sailing, cancelled on June 5, will be restored in the Vietnam China Service (VCS) that rotates through Ningbo, Long Beach, Oakland, Lianyungang, Shanghai and back to Ningbo. Cancelled will be the July 24 Fuqing sailing in the Pacific China South 1 (PCS1) service that rotates through Nansha, Yantian, Xiamen, Los Angeles and back to Fuqing. The July 25 Shekou sailing will cancelled on the Pacific North West 1 (PNW1) service, which rotates through Shekou, Hong Kong, Yantian, Kaohsiung, Vancouver, Seattle, Busan, Kaohsiung and back to Shekou. The August 11 Qingdao sailing will cancelled on the East Coast China 2 (ECC2 service, which rotates through Qingdao, Ningbo, Shanghai, Busan, Colon, Savannah, Charleston, Boston, New York, Colon, Qingdao.

Intermodal Asia Conference 2020 to be held in Shanghai from July 14-16

PostTime:2020-06-15 08:37:45 View:240

INTERMODAL Asia 2020 will be held at the SWECC (Shanghai World Exhibition and Conference Centre) in Shanghai on July 14-16, having been rescheduled from March during the coronavirus outbreak. "By delaying Intermodal Asia, we are providing the container shipping and intermodal sectors time to recover from any setbacks experienced as a consequence of the outbreak and its effect on global trade," said CIMC Group vice president Huang Tianhua, also CCIA president. Intermodal Asia brings together the leading decision-makers and thought leaders in the global intermodal and shipping container sectors. With visitors from more than 90 countries from across the container transport and logistics supply chain, it is the most important annual industry event in Asia, say organisers. For more information call Monica Gao tel: +86 21 2326 3659 in Shanghai or Rob Fisher +44 (0)20 7017 6986 or fax: +44 (0) 207 017 7818 in London.