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Shanghai port records higher container volumes in March
PostTime:2017-04-11 08:49:58 View:605
China’s Shanghai port has posted 14.3% increase in container volumes in March compared to the year-ago period, according to figures from Shanghai International Port (Group) Co (SIPG). In March 2017, the Chinese port handled 3.43m teu of throughput, up 14.3% from 3.01m teu in the same month of last year, data from SIPG showed. Last month’s volumes also rose 29.6% compared to 2.65m teu moved in February this year. For the first quarter of 2017, the world’s busiest container port Shanghai recorded a total throughput of 9.39m teu, a climb of 9.9% compared to 8354m teu registered in the same period of 2016.
Shanghai Feb throughput up slightly but dives nearly 20pc from Jan
PostTime:2017-03-13 08:48:48 View:331
THE world's busiest port Shanghai has registered a small increase in container throughput for February compared to the year-ago period, according to data from Shanghai International Port (Group) Co (SIPG). Box volumes for last month were recorded at 2.65 million TEU, edging up 2.3 per cent from 2.59 million TEU seen in February 2015, SIPG data showed. On a month-on-month comparison, however, February volumes fell by 19.7 per cent from 3.3 million TEU handled in January this year. In the first two months of 2017, Shanghai port moved a total throughput of 5.95 million TEU, up 1.1 per cent compared to 5.53 million TEU posted in the same period of last year, the Seatrade Maritime News of Colchester, England, reported.
Shanghai starts 2017 with a 12pc surge in January container volume
PostTime:2017-02-16 08:41:25 View:378
CHINA's busiest port, Shanghai, handled 3.3 million TEU in January, a 12.2 per cent increase compared to the container throughput in the same month last year, when volume totalled 2.94 million TEU, according to data released by Shanghai International Port (Group) Co (SIPG). Last year, Shanghai retained its crown as the world's busiest container port, handling 37.13 million TEU, up 1.6 per cent from 36.54 million TEU registered in 2015, Seatrade Maritime News reported.
Shanghai starts 2017 with 12% rise in January box throughput
PostTime:2017-02-15 09:05:01 View:383
China’s Shanghai port has started 2017 with a rise in container throughput in January over the year-ago period, according to data released by Shanghai International Port (Group) Co (SIPG). In January, the Chinese port of Shanghai moved 3.3m teu of boxes, an increase of 12.2% from 2.94m teu recorded in January 2016, SIPG data showed. Last year, Shanghai retained its crown as the world’s busiest container port, handling 37.13m teu, up 1.6% from 36.54m teu registered in 2015.
Shanghai records 1.6% rise in 2016 box volumes to 37m teu
PostTime:2017-01-12 08:55:22 View:754
Shanghai International Port (Group) Co (SIPG) has announced on Wednesday that Shanghai port has handled higher container volumes in 2016 over the previous year, retaining its crown as the world’s busiest container port. The Chinese port moved another record high throughput of 37.13m teu in 2016, a climb of 1.6% compared to the previous record throughput of 36.54m teu in 2015. Shanghai continues to be the world’s busiest container port, ahead of its closest rival Singapore port, which has handled 28.14m teu in the first 11 months of 2016. In financial results, Shanghai-listed SIPG registered a full year net profit of RMB6.85bn ($989.3m), an improvement of 4% from the gain of RMB6.56bn in the previous year. Revenue also rose by 5% year-on-year to RMB31bn on the back of the higher container throughput, SIPG announced.
Cosco to acquire 10pc stake in Shanghai bank from ANZ for US$660m
PostTime:2017-01-10 09:01:26 View:361
CHINESE state-owned CHINA Cosco Shipping and Shanghai Sino-Poland Enterprise Management Development Corp are to acquire a 10 per cent stake in the Shanghai Rural Commercial Bank (SRCB), buying up the entire shareholding of Australia & New Zealand Banking Corp. (ANZ), for a total consideration of CNY9.19 billion (US$1.32 billion). The deal is expected to be completed by mid-2017, subject to regulatory approvals, according to media reports, citing ANZ. Cosco has recently purchased stakes in several Chinese banks and financial firms, according to a report in the Financial Times. In December, the company acquired shares of asset manager China Cinda Asset Management, and last year, acquired a 13.6 per cent stake in China Bohai Bank.
PostTime:2016-12-26 08:17:37 View:623
Under the Global MTTC Network (GMN) project, Shanghai Maritime University in China will host the MTCC for the Asia region (MTCC-Asia), while the University of Trinidad and Tobago will host MTCC-Caribbean. Three further MTCCs will be established in other target regions - Africa, Latin America and the Pacific – to form a global network. IMO has announced the first two institutes selected to host regional Maritime Technology Cooperation Centres (MTCCs) under an ambitious project, funded by the EU and implemented by IMO, to help mitigate the harmful effects of climate change. Under the Global MTTC Network (GMN) project, Shanghai Maritime University in China will host the MTCC for the Asia region (MTCC-Asia), while the University of Trinidad and Tobago will host MTCC-Caribbean. Three further MTCCs will be established in other target regions - Africa, Latin America and the Pacific – to form a global network. The five regional MTCCs will deliver mutually-agreed project milestones over a three-year period, making a significant contribution to IMO’s continuing, widespread efforts to ensure effective implementation and enforcement of the global energy-efficiency regulations for international shipping. The MTCCs will receive allocations from the €10 million European Union funding for the project. They will be established and resourced to become regional centres of excellence, providing leadership in promoting ship energy-efficiency technologies and operations, and the reduction of harmful emissions from ships. The selection of Shanghai Maritime University and the University of Trinidad and Tobago, both confirmed this week, followed a competitive tendering process. Greenhouse gas emissions from shipping are expected to increase but developing countries, which play a significant role in international shipping, often lack the means to improve energy efficiency in their shipping sectors. This project, formally entitled “Capacity Building for Climate Change Mitigation in the Maritime Shipping Industry” will enable developing countries, especially Least Developed Countries and Small Island Developing States, in the target regions to effectively implement energy-efficiency measures through technical assistance, capacity building and promoting technical cooperation. The project will be implemented through the network of MTCCs which, once operational, will act as focal points for: • improving capability in the region - by working with maritime administrations, port authorities, other relevant government departments and related shipping stakeholders to facilitate compliance with international regulations on energy efficiency for ships • promoting the uptake of low-carbon technologies and operations in the maritime sector through pilot projects • raising awareness about policies, strategies and measures for the reduction of ghg and other emissions from the maritime transport sector • demonstrating a pilot-scale system for collecting data and reporting on ships’ fuel consumption to improve shipowners’ and maritime administrations’ understanding in this regard, and • developing and implementing strategies to sustain the impact of MTCC results and activities beyond the project time-line. Shanghai Maritime University (SMU) SMU is a multi-disciplinary, maritime-specific university that encompasses such areas as engineering, management, economics, law, arts and sciences. It has over 20,000 full time students. Since 2010, SMU has specialised in researching technology related to ships’ energy efficiency and controlling GHG emissions. In March 2012, its Integrated Engine Room Lab became operational and is now used for professional training and research. It is also used to measure fuel economy and test emissions from marine diesel engines, to assess potential options for saving energy and mitigating emissions. SMU’s existing capacity, combined with the project’s support through the creation of MTCC-Asia, will be used to assist developing countries in the region to enhance their capabilities to address GHG emissions from shipping. The Asian MTCC will have two offices in Shanghai, one on the campus and one located within 20 minutes of Waigaopiao Port, facilitating connection with other ports. The University of Trinidad and Tobago (UTT) The University of Trinidad and Tobago (UTT) is a multi-campus facility that hosts specialized programmes dedicated to developmental disciplines including maritime capacity building, energy efficiency, environmental studies and marine research. MTCC-Caribbean will be situated within the Chaguaramas Campus which is in the North-Western Peninsula of Trinidad and Tobago. With maritime capacity building at the core of its operations, the University has historically emphasized the importance of sustainable development and efficient use of resources. The dedicated faculty is supported by maritime training facilities, workshops and laboratories. IMO – the International Maritime Organization – is the United Nations specialized agency with responsibility for the safety and security of shipping and the prevention of marine pollution by ships.
Shanghai MFE Center’s double first
PostTime:2016-11-02 08:27:02 View:598
Chinese exhibitor MFE (Maritime and Finance Excellence) Center, arrives in Dubai fresh from a double success in its home city of Shanghai last month. Its newly constructed HQ building in Pudong’s Expo B area - where it will house a cluster of Chinese and overseas maritime companies - was officially inaugurated in mid-September, coinciding with the first ever Shanghai International Shipping Week organised by Ben Zhang, its chairman. Guest of Honour at the MFE Center opening was Lord Mountevans, Lord Mayor of the City of London and chairman of UK professional services body Maritime London, while Baltic Exchange ceo Jeremy Penn was also in attendance. The MFE Centre concept is based on close ties with the UK capital because of the latter’s wealth of shipping services expertise. Indeed, the new building contains a shared lounge area which is modelled on one of London’s 17th century Coffee Houses that gave birth to the modern Lloyd’s marine insurance and Baltic shipbroking markets. The idea is proving a great success, with the 23-floor building fast filling up, explains MFE Center CEO Jackie Woo, who is attending SMME along with client service manager Rocky Chen. Some 15 to 20 Chinese shipping companies and establishment have already signed up, he says, as well as international clients comprising the likes of the Baltic Exchange, Braemar ACM, Graig Shipping and the Institute of Chartered Shipbrokers In all some 28 corporate office blocks have been built on Expo Area B, he adds, making it Shanghai’s latest industrial zone with a pronounced maritime and transport theme.
Shanghai’s MFE Center’s double first
PostTime:2016-11-01 08:35:00 View:456
Chinese exhibitor MFE (Maritime and Finance Excellence) Center, arrives in Dubai fresh from a double success in its home city of Shanghai last month. Its newly constructed HQ building in Pudong’s Expo B area - where it will house a cluster of Chinese and overseas maritime companies - was officially inaugurated in mid-September, coinciding with the first ever Shanghai International Shipping Week organised by Ben Zhang, its chairman. Guest of Honour at the MFE Center opening was Lord Mountevans, Lord Mayor of the City of London and chairman of UK professional services body Maritime London, while Baltic Exchange ceo Jeremy Penn was also in attendance. The MFE Centre concept is based on close ties with the UK capital because of the latter’s wealth of shipping services expertise. Indeed, the new building contains a shared lounge area which is modelled on one of London’s 17th century Coffee Houses that gave birth to the modern Lloyd’s marine insurance and Baltic shipbroking markets. The idea is proving a great success, with the 23-floor building fast filling up, explains MFE Center CEO Jackie Woo, who is attending SMME along with client service manager Rocky Chen. Some 15 to 20 Chinese shipping companies and establishment have already signed up, he says, as well as international clients comprising the likes of the Baltic Exchange, Braemar ACM, Graig Shipping and the Institute of Chartered Shipbrokers In all some 28 corporate office blocks have been built on Expo Area B, he adds, making it Shanghai’s latest industrial zone with a pronounced maritime and transport theme.
Shanghai's ZPMC to provide 12 cranes for APMT port facility in Morocco
PostTime:2016-10-31 08:13:00 View:482
SHANGHAI's ZPMC has been selected to provide 12 remote-controlled ship-to-shore cranes for APM Terminals MedPort Tangier facility in Morocco. APM Terminals has also placed an order for 32 automated rail-mounted gantry cranes (ARMG), which will be installed at the facility, with Austria-based Kunz, the London's Ship Technology reported. Once complete, the five million TEU container terminal will be able to serve ultra-large container ships (ULCS) with capacities up to 20,000 TEU. It will be APM Terminals' second terminal at the Tanger-Med port complex, featuring up to 2,000 metre of quay length and will increase the Tanger-Med complex's overall capacity to more than nine million TEU. APM Terminals MedPort Tangier managing director Dennis Olesen said: "Our goal is to use proven technology to create high-productivity for our clients on one of the world's most strategically important trade lanes on the Strait of Gibraltar". Deliveries of both the STS cranes and ARMGs are scheduled by the end of next year.
Shanghai port achieves 6.5% rise in August container volumes
PostTime:2016-09-14 08:53:57 View:357
China’s Shanghai port has recorded high container throughput in August compared to the year-ago period, according to data from Shanghai International Port (Group) Co (SIPG). The Chinese port moved 3.31m teu in August, an increase of 6.5% from 3.11m teu in the previous corresponding period, figures from SIPG showed. Shanghai port also saw improvement to its box volumes on a month-on-month comparison, rising from 3.27m teu handled in July. From January to August 2016, the world’s busiest container port achieved a total throughput of 24.47m teu, marginally higher than 24.25m teu registered in the same period of 2015.
CSSC’s Shanghai Waigaoqiao, Chengxi Shipyard face work stoppages
PostTime:2016-09-02 08:12:44 View:382
Shanghai Waigaoqiao Shipbuilding (SWS) and Chengxi Shipyard, both subsidiaries of China State Shipbuilding Corp (CSSC), are facing threats of a cessation of operations due to a severe lack of work, their parent firm has warned. The oversupply of yard facilities, low newbuilding prices and slowing new orders have created immense pressure on shipyards, and the market has worsened beyond expectations, according to CSSC. “At present, SWS and Chengxi are facing the risks of insufficient work, leading to an almost certain loss of production moving forward,” CSSC stated in its latest half-yearly financial statement. CSSC is itself struggling as it posted a 90.1% plunge in first half profit to RMB17.09m ($2.56m) from RMB171.7m in the same period of 2015. The shipbuilder also warned of further decline in profit or a loss for the first nine months of 2016. First half revenue went down by 17.2% year-on-year to RMB11.8bn. CSSC’s bottomline was hit as its subsidiary yards SWS and Chengxi’s Guangzhou facility registered operating losses of RMB39.83m and RMB75.86m, respectively, during the first six months. Chengxi Shipyard, which builds mainly dry bulk carriers, has been hit particularly hard as the bulk shipping sector struggles with a prolonged tonnage glut and new orders have virtually dried up. SWS, on the other hand, has a more diversified portfolio of constructing bulkers, containerships and tankers, but the yard is not spared from the overall downturn of the shipping industry.