Shanghai Zhenhua Heavy Industries enters Australian market

PostTime:2019-06-27 08:16:09 View:765

Shanghai Zhenhua Heavy Industries (ZPMC) announced its first entry into the Australian market with the design and manufacture of automated rail Rubber Tyre Gantry (RTG) for Port of Botany Bay in Sydney. The automated gantry has a span of 23m and extending distance of 15m, which can pass three rows of containers over the height of one container. The RTG will be mainly used for rail container transportation in cooperation with automatic straddle carriers in fully automatic operation. It has the automatic container scanning area can interact with the terminal operation system, completing the automatic cargo handling on the train. The deal is the first test of ocean-rail through service in Australia, which will bring more cooperation opportunities for the company, said ZPMC. Headquartered in Shanghai, ZPMC also has 10 production bases located in Shanghai and Nantong with total area of 6,670,000 sq m and 10 km coastline.

Shanghai port container volumes up in May

PostTime:2019-06-12 08:50:25 View:909

China’s Shanghai port has handled higher container throughput in May compared to the year-ago period, according to Shanghai International Port Group (SIPG). The world’s busiest container port recorded throughput of 3.76m teu in May, an increase of 3.6% compared to 3.63m teu in May 2018, data from SIPG showed. Last month’s box volumes also rose by 4.2% on a month-on-month comparison. From January to May this year, the Chinese port registered a total throughput of 17.78m teu, up 5.2% compared to 16.9m teu in the same period of last year.  

Shanghai container volumes up 3.6pc in May to 3.76 million TEU

PostTime:2019-06-12 08:38:56 View:731

THE Port of Shanghai's volume in May was up 3.6 per cent year on year to 3.76 million TEU, according to Shanghai International Port Group (SIPG). From January to May, Shanghai posted a 5.2 per cent year-on-year increase in container volume to 17.78 million TEU, said SIPG.

Shanghai global port study posts slow-downs in US, Singapore and HK

PostTime:2019-06-10 08:48:36 View:705

THE Shanghai International Shipping Institute's (SISI) quarterly Global Port Development Report reveals that growth in throughput slowed down at major ports worldwide in the first quarter "amid the feeble economic and trade growth". Major ports posted a year-on-year growth rate of 2.7 per cent in the first quarter, which was lower than the same period in 2018, and container throughput growth was at 3.9 per cent, which was 2.7 percentage points lower than last year. North American ports' box volume dropped 3.4 per cent in the first quarter, reported American Shipper. "First, the US economic growth has topped out and begins to slow down dramatically," said the Chinese report. America's GDP increased at an annual rate of 3.1 per cent in the first quarter, according to the second estimate released last week by the Bureau of Economic Analysis, which was up from the 2.2 per cent increase in the fourth quarter of 2018. "Second, the tariff policies in the Sino-US trade war intensified the market panic and the 'advance shipment' out of concerns of aggravated situations overdrew the cargo shipping capacity, leading to the sluggish container growth in Q1 2019," according to the report. The trade war also negatively impacted Hong Kong where container volume fell 9.2 per cent year on year to 4.44 million TEU, and the port fell to eighth place in global ranking. Every other port in the top 10 in throughput experienced growth, including an 8.8 per cent growth by seventh-ranked Guangzhou to 5.29 million TEU. The rankings of the top seven ports remained static and were led by Shanghai's 10.42 million TEU, a seven per cent increase. Ports in the Philippines handled 59.28 million tonnes of cargoes, a 6.4 per cent increase, while the Port of Singapore had a 2.6 per cent drop in throughput to 150 million tonnes.  

Rail to be enhanced at Shanghai's Waigaoqiao and Yangshan piers

PostTime:2019-05-22 08:18:24 View:581

 A JOINT venture to enhance rail services has been established in the Port of Shanghai, reports China Daily. "Sea and rail should play a greater role in container shipping. But it has grown slowly due to the insufficient railways at Waigaoqiao and Yangshan port areas." said Shanghai International Port Group (SIPG) president Yan Jun. SIPG will hold 20 per cent of the joint venture, China Cosco Shipping Corp will hold 20 per cent and the rest will be held by the National Railway Administration and China Railway Container Transport Corp. "We expect to expand the ocean-rail transport volume to 80,000 TEU by the end of this year, and more than double this to 200,000 TEUs in 2020," said Mr Yan. The company has been striving to increase the port's ocean-rail transport capacity, and currently all the foundation works have been completed.  The multimodal transport company, with a heavy focus on technology, will have a competitive edge over road transport in environment and cost aspects. "The absence of rail connection to major port areas has been a major barrier for the Port of Shanghai. Railways are one of the most important solutions for logistics, and it is key to land transportation," said Lin Guolong, director of the Shanghai Maritime University's Logistics Research Centre.

Cosco Shipping Shanghai opens new ship repair yard in Zhoushan

PostTime:2019-05-14 08:15:24 View:768

Shanghai Shipping Maritime Technology, a wholly-owned subsidiary of Cosco Shipping Shanghai branch, opens up a new ship repair base in Zhoushan, Zhejiang province. Zhao Bangtao, general manager of Cosco Shipping Shanghai said that it established the new ship repair base is part of the company’s business consolidation and optimisation plan. He said it would improve the company’s integrated service capability and efficiency. The company started the construction of the ship repair yard in Liuhengdao, Zhoushan in December 2018. Cosco Shipping Shanghai is a regional company of Cosco Shipping Group, focusing on liquid chemical products transportation and storage. The company will also work with Cosco Shipping Energy Transportation to expand cooperation for the new ship repair yard. Zhoushan is one of the leading ship repair bases in China. The yards in Zhoushan repaired around 2,000 ships last year, accounting for 20% of the nation’s total ship repair volume.

HK falls 2.8pc in March to 1.58 million TEU as S'pore, Shanghai rise

PostTime:2019-04-25 08:07:34 View:372

HONG KONG's Kwai Tsing terminals' volume fell 1.6 per cent year on year in March to 1.23 million TEU while midstream operators handled 350,000 TEU, down seven per cent. The cumulative total of containers handled at Hong Kong during the first quarter of 2019 was 4.41 million TEU, down 9.7 per cent year on year. Meanwhile, Singapore and Shanghai enjoyed growth in March with Singapore posting 3.16 million TEU, up 3.6 per cent with quarterly volumes rising to 8.9 million TEU while Shanghai increased March throughput 12.4 per cent to 3.81 million TEU and sent quarterly volume up seven per cent to 10.42 million TEU.

Shanghai quarterly container volume up 7pc to 10.42 million TEU

PostTime:2019-04-23 09:03:28 View:330

SHANGHAI, the world's biggest container port, posted a 12.4 per cent year-on -year increase in container volume in March to 3.81 million TEU, according to the Shanghai International Port Group (SIPG). March volumes also jumped 33.2 per cent compared to 2.86 million TEU lifted in February. From January to March this year, Shanghai port moved 10.42 million TEU, up seven per cent year on year.

Shanghai port box volumes up 12.4% in March

PostTime:2019-04-18 08:41:50 View:334

China’s Shanghai port has recorded a 12.4% increase in container handling volumes in March compared to the year-ago period, according to Shanghai International Port Group (SIPG). The March 2019 volumes came up to 3.81m teu, up 12.4% compared to 3.39m teu recorded in March 2018, statistics from SIPG showed. Last month’s volumes also jumped by 33.2% compared to 2.86m teu seen in February this year. From January to March this year, Shanghai port moved a total throughput of 10.42m teu, representing a hike of 7% compared to 9.74m teu in the previous corresponding period.

Shanghai container port still the busiest, but gap with Singapore narrows

PostTime:2019-04-12 08:37:34 View:433

THE port of Shanghai has maintained its position as the world's largest container port, but new statistics from Alphaliner show its lead over second-placed Singapore narrowed last year. Shanghai's box throughput in 2018 totalled 42.01 million TEU, a 4.4 per cent growth on 2017, while Singapore handled 36.6 million TEU, representing growth of 8.7 per cent. The 5.41 million TEU differential between the two ports was narrower than the 6.56 million TEU difference this time last year. Singapore's 2.93 million TEU gain last year made it the largest-growing port globally, in terms of volumes, although Shanghai's 1.78 million TEU gain puts it in second place in that sub-list, reports The Loadstar of UK. According to Alphaliner, together the world's largest 120 box ports handled 654 million TEU last year, an increase of 4.9 per cent on 2017, which was broadly in line with analysts'consensus. Of those, 104 ports saw volumes grow, while 16 saw declines - and there were some high-losers among them. Hong Kong saw the largest decline in volumes, down 1.1 million TEU over the year, dropping from fifth to seventh place in the top 120 as it posted a 56.7 per cent fall to finish the year with 19.6 million TEU throughput, prompting its major terminal operators to form an alliance to try and arrest further declines. DP World's flagship Dubai facility also saw volumes decline, by 2.7 per cent, and with an annual throughput of 14.95 million TEU, it fell out of the top 10 to eleventh place - overtaken by the northern Chinese port of Tianjin. Other ports which saw large losses included other high-profile transshipment hubs: Panama's Pacific hub of Balboa continued to see fall-out from the Panama Canal expansion as larger vessels now able to transit the canal bypassed it as volumes declined 29.3 per cent, losing around 850,000 TEU, to end the year at 2.05 million TEU; Oman's Salalah lost 560,000 TEU, representing 14.2 per cent of its previous year's volumes; Dubai rival Khor Fakkan dropped 13.8 per cent to end the year at an estimated 2 million TEU; while Gioia Tauro lost 4.9 per cent of its volume, equating to 120,000 TEU. The two largest gateway ports to see volume declines were the Iranian hub of Bandar Abbas, where new sanctions had the catastrophic effect of cutting to 600,000 TEU, or 22.4 per cent; and the UK's Felixstowe, whose well-publicised IT transformation project resulted in an estimated loss of some 360,000 TEU, representing 8.7 per cent of the previous year's total. And Felixstowe's loss was London's gain, where scores of ad hoc calls were handled and which recorded a 23.2 per cent increase in volumes to an estimated 1.7 million TEU. Three ports, Beirut, Puerto Limon and Dandong, fell out of the top 120 last year, and were replaced by Buenaventura, Lome and Jinzhou.

Shanghai Bestway Marine warns of financial risks as bank accounts frozen

PostTime:2019-03-29 08:40:00 View:439

Shanghai Bestway Marine & Energy Technology announced that the bank accounts of its subsidiary Jiangsu Dajin Heavy Industry Co., Ltd have been frozen by one of its banks due to debt issues. Furthermore another account under the name of the company had also been frozen. Minsheng Bank Shanghai branch requested the company to repay the loan of RMB150m ahead of time. The bank submitted an application to Shanghai Pudong New Area People’s Court to freeze its account as the company was unable to repay the loan. Shanghai Bestway warned that it will bring substantial impact to the company and Dajin’s normal operation. It said it was sparing no effort to reassure customers, and stabilise the staff and operations.  Due to debt issues, several creditors had applied to seize assets and freeze share equity of the company and its controlling shareholder. Currently, seven real estate properties owned by the company had been frozen, totaling in the value of RMB181.78m.  Last week, the company received notice from Shanghai No.3 Intermediate People’s Court to restructure. The company is facing the risk of bankruptcy if the restructuring process fails. Shanghai Bestway was listed in Shenzhen Stock Exchange in 2009. It is the first public company in A-share market on marine technology.  

Shanghai Shipping Exchange box index dips 0.9pc to 813.37pt

PostTime:2019-03-29 08:36:07 View:401

CHINA's containerised export volumes dipped in the week ending March 22, according to the Shanghai Shipping Exchange's average China Containerised Freight Index (CCFI), with the CCFI dipping 0.9 per cent from a week earlier to 813.37, reported Xinhua. The sub-index for West/East Africa route saw the strongest rally of 9.5 per cent week on week, while that for the Persian Gulf/Red Sea route led the fall by falling 3.9 per cent. The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes worldwide, based on data from 20 leading shipping lines. By way of comparison, the index was at 1,000 on January 1, 1998.