Tianjin port's Zhangjiakou Logistics Base breaks ground in Hebei province

PostTime:2011-11-28 08:02:29 View:785

TIANJIN Port has started building a logistics park at Hebei province city Zhangjiakou which resembles a "dry port" facility in hinterland, Xinhua reports. A new company named Zhangjiakou Jin'an Logistics Co, Ltd was created to operate the facility. After completing the Zhangjiakou Logistics Base, shippers in or around Zhanjiakou can ship their cargo at the facility to Tianjin Port. It is said to be able to enhance Tianjin Port's operation efficiency and to help relieve pressure on the port's stack yard.

Tianjin to set up 100 wholesale markets in 5 years to enhance logistics

PostTime:2011-11-25 08:05:56 View:843

TIANJIN plans to increase the number of the wholesale markets with a business volume of CNY100 million (US$15.7 million) in the city from 76 to 100 in five years' time to boost trade and logistics business. By 2015, such markets with a sales volume of CNY1 billion will increase from 40 to 60, while those with a sales volume of CNY10 billion will increase from two to 10. Annual transaction volume of all these wholesale markets is expected to surpass CNY500 billion. The Tianjin government plans to strengthen its status as the commodity distribution hub on the Beijing-Tianjin-Hebei Economic Corridor by developing a number of wholesale markets with advanced facilities and comprehensive services and build up an extensive network for the transportation of agricultural products. The city also aims to develop itself as a port-based trade and logistics centre.

Tianjin Port and Sinotrans to expand logistics capacity

PostTime:2011-11-17 08:40:00 View:541

Tianjin Port Group has signed a cooperation agreement with Sinotrans Corporation to perform multi-level and all-round strategic cooperation in the fields of logistics, ports and shipping, reports Xinhua. Cooperation is vital to give prominence to Tianjin's role as shipping and logistics centre in north China, consolidate and improve the position of Sinotrans in Tianjin Port, construct an integrated logistics network connecting the port and the back-land, reinforce the overall strength of regional economy, and promote Tianjin to lead the balanced economic development in the middle and west regions of China. According to the agreement, Tianjin Port will create a sound environment for Sinotrans and support the latter to improve its logistics service ability. Sinotrans will consider Tianjin as an important base in its overall business development plan and will strongly support the logistics function construction of Tianjin Port, especially Binhai New Area. Tianjin Port and Sinotrans will jointly advance the construction of logistics bases in the zones in Tianjin Dongjiang, Nangang and Lingang, promote the connection of logistics services like dry port and cross-border shipment, enhance the development of shipping businesses concerning domestic and foreign trades, develop liner industry together, and create a new model of logistics technology and services. Subordinate to Sinotrans & CSC Group, Sinotrans Corporation is a large-scale enterprise devoting to integrated logistics and shipping businesses, with a global service network.

Tianjin Port united with Sinotrans to expand logistics capacity

PostTime:2011-11-16 08:32:01 View:614

TIANJIN Port Group has signed a cooperation agreement with Sinotrans Corporation to perform multi-level and all-round strategic cooperation in the fields of logistics, ports and shipping, reports Xinhua. Cooperation is vital to give prominence to Tianjin's role as shipping and logistics centre in north China, consolidate and improve the position of Sinotrans in Tianjin Port, construct an integrated logistics network connecting the port and the back-land, reinforce the overall strength of regional economy, and promote Tianjin to lead the balanced economic development in the middle and west regions of China. According to the agreement, Tianjin Port will create a sound environment for Sinotrans and support the latter to improve its logistics service ability. Sinotrans will consider Tianjin as an important base in its overall business development plan and will strongly support the logistics function construction of Tianjin Port, especially Binhai New Area. Tianjin Port and Sinotrans will jointly advance the construction of logistics bases in the zones in Tianjin Dongjiang, Nangang and Lingang, promote the connection of logistics services like dry port and cross-border shipment, enhance the development of shipping businesses concerning domestic and foreign trades, develop liner industry together, and create a new model of logistics technology and services. Subordinate to Sinotrans & CSC Group, Sinotrans Corporation is a large-scale enterprise devoting to integrated logistics and shipping businesses, with a global service network.  

Maersk launches new service at Tianjin

PostTime:2011-10-27 08:20:33 View:695

MAERSK'S "Michigan" vessel recently called at Tianjin's Five Continents International Container Terminal, marking the launch of Maersk's new intra Asia line linking China to India and Pakistan, Xinhua reports. The Michigan vessel is 304-metres long, 40-metres wide and can carry up to 6,420 TEU. It discharged and loaded 614 containers when berthing at Tianjin. The service is jointly operated by Maersk and CMA CGM, calling at Tianjin every Friday. The two carriers deployed a total of six containerships. Five are from Maersk, with capacity averaged at 6,420 TEU. CMA CGM sent one 5,700-TEU ship. Rotation of the service is Singapore, Tianjin, Kwangyang, Busan, Ningbo, Nansha, Tanjung Pelepas, Colombo, Pipavav, Jawaharlal Nehru, Kasim, Port Klang.

SDV Tianjin completes logistics for the inaugural China Helicopter Exposition

PostTime:2011-09-20 08:18:52 View:772

INTERNATIONAL forwarder SDV Logistics (Tianjin) Co is completing its logistics participation in the fledgling domestic industry's China Helicopter Expo that ran from September 15 to 18 in Tianjin. AVICOPTER, a division of the Aviation Industry Corporation of China (AVIC) has invested EUR800 million (US$1.1 billion) in a new helicopter factory and research centre in Tianjin, where the exposition was held, and where SDV has its base. SDV, a dedicated to aerospace business, has the expertise and the infrastructure to support this booming industry sector, said a company statement, adding that only 200 helicopters are in use in China today, far from is expected of the world's second biggest economy. Asia Pacific and European customers and suppliers had the opportunity to meet the SDV aerospace team. SDV aerospace experts number 800 specialists operating within a network of SDV platforms located at Sydney, Singapore, Shanghai, London, Paris, Dubai, Los Angeles and New York, said a company statement. To cover the upstream and downstream aerospace supply-chain, SDV implements solutions with extensive expertise supported by efficient IT systems. The flow management is optimised on a cost and time basis and provides real-time visibility of operations. SDV is a unit of Bollore Logistics, a global leader in supply chain management ranking among the world's top 10 in transport and logistics with a network of 525 offices in 92 countries, said a company statement. Wikipedia says Bollore is a French investment and industrial holding group headquartered in Puteaux, on the western outskirts of Paris. The company, a paper-energy-plantations-logistics conglomerate, employs 28,000 people worldwide, said the entry.

Tianjin strikes deal to open Xian inland port and logistics base

PostTime:2011-09-19 08:29:14 View:646

TIANJIN Port Group and Xian International Trade & Logistics Park (XITLP) have signed an agreement and set up a joint venture called Xian Lugangjinan International Logistics Co that will function as an inland port, reports Xinhua. According to the agreement, Tianjin Port Group will take full advantage of various preferential policies of Binhai New Area and give full support to the joint venture company in such aspects as port operations, harbour fee collection, full-course logistics and technical service to build the company into a leading one in international logistics industry in northwest China region. Tianjin Port has established 21 inland ports and regional sales centre, covering main provinces in China's western interior. Tianjin Port is one of the main ports for Shaanxi province. Built in 1995, Tianjin Port took the lead in opening the container train between Xian and Tianjin among coastal ports in China. It built an office in Xian in 1996 in a show of cooperation with local companies and related institutions. Tianjin Port and XITLP reached a cooperation intention on August 4, 2010. After that, Tianjin Port's business in Shaanxi grew sharply and its container business expanded by 147 per cent in the first half of 2011, making it the fastest growing container business in Xian.  

Tianjin's new sea-rail intermodal to north China moves 1,100 TEU in 3 months

PostTime:2011-09-08 08:13:03 View:724

TIANJIN Port Logistics Development Company's new sea-rail intermodal service linking the port to north hinterland China's Yuci, neighbouring the major city of Taiyuan, some 500 kilometres southwest or the seaport, carried more than 1,100 TEU in three months since it started up May. The service mainly carries Guangdong- or Fujian-made ceramic tiles and building material from Tianjin to Taiyuan (pop 4.2 million), and Kaolin soil and ceramic on the return leg. Tianjin Port is now operating 15 sea-rail intermodal services to hinterland regions. These services brought 129,000 TEU to its throughput during the first half of year.

BLG plans joint venture in Tianjin

PostTime:2011-08-30 08:33:57 View:598

The BLG LOGISTICS GROUP establishes a new joint venture with the Chinese CINKO SCM. The letter of understanding was signed in Peking on August 23. The two companies want to jointly operate a PDI center in the port of Tianjin to be called BLG CINKO AUTOTEC. There export vehicles from Chinese production will be cleaned, retrofitted and prepared for shipment. Import vehicles for the Chinese market will also be prepared there. The PDI center in Tianjin Port is the first project of the joint venture. The site is located near the ro-ro terminal in the port of Tianjin. Workshop and office buildings are available on an area of 55,000 square meters. The joint venture partners plan an annual cargo handling volume of up to 38,000 vehicles there. The commitment in Tianjin is to be followed by others, such as in Shanghai. CINKO was established in 1997 and initially focused on freight forwarding activities in connection with vehicle exports from China. In 2010 the EUKOR shipping company acquired a 20 percent share of the company. Today CINKO organizes supply chains for Chinese automobile manufacturers. Chinese makes like First Auto Works, Geely and Chery have been shipped via BLG’s car terminals for years now. They are then transported onward to Eastern Europe by means of feeder vessels. BLG is present in this region with locations in Poland, Russia, Ukraine, Slovenia, Slovakia, the Czech Republic and Illichevsk on the Black Sea. A terminal is planned on the border to Russia. Transfer from Russian wide-gauge to European normal-gauge railway wagons will then take place there. In this way cars coming from Asia to Europe via the Trans-Siberian Railway can be shipped onward by rail in the future. In 2010 and 2011 Audi, BMW, Mercedes, Porsche and Volkswagen exports to China via Bremerhaven increased significantly. From January to July of this year a total of over 1.1 million vehicles were handled in Bremerhaven. Mercedes produces VITO and VIANO in Fuzhou. BLG takes care of vehicle parts logistics from Europe to China. In Fuzhou BLG also carries out the quality check. Several Chinese automobile manufacturers are currently conducting talks with BLG to optimize their automobile logistics. The focus is on CKD logistics. In the automobile industry CKD stands for Completely Knocked Down. In Peking BLG maintains its own representative office.      

Tianjin Port nets profit on higher box volumes

PostTime:2011-08-29 08:13:53 View:877

{非本站图片} Hong Kong: China's Tianjin Port Development improved its results for the first-half of this year on the back of higher container throughput volumes. The Hong Kong-listed firm posted first-half net profit of HK$370.5m ($47.5m) compared to HK$270.7m in the same period of last year. Revenue rose to HK$7.5bn compared to HK$7.1bn a year earlier. Tianjin Port achieved a total container throughput of 5.6m teu, an increase of 18.1% over the corresponding period of 2010. Looking ahead, the company will actively participate in the construction of key functional area of the international shipping hub in north China. Under China's grand 'Twelfth Five-Year Plan', Tianjin Port will promote the development of Dongjiang Bonded Free Port to free trade port area and strive to become the core strategic enterprise in Tianjin city.

Tianjin Port Development announces 2011 interim results

PostTime:2011-08-26 08:37:26 View:545

Tianjin Port Development Holdings Limited  today announced its unaudited interim results for the six months ended 30 June 2011, 4-traders reports. For the six months ended 30 June 2011, the Group recorded consolidated revenue of HK$7.5 billion, an increase of 6.2% over the same period last year. Profit attributable to shareholders rose year-on-year by 36.8% to HK$370 million. Basic earnings per share amounted to HK6.0 cents. The Board of Directors recommended the payment of an interim dividend of HK2.40 cents per share for the first half of 2011.Mr Yu Rumin, Chairman of Tianjin Port Development, said, “In the first half of 2011, with the recovery of world economy slowing down, further tightening of the macro-control measures in the mainland and increasing inflationary pressure, Tianjin Port Development still managed to leverage on its own advantages and took effective measures to maintain a sustained and stable growth of its operation amidst such complex economic environment.” Non-containerised Cargo Handling Business The Group achieved a total throughput of non-containerised cargo of 114.92 million tonnes, an increase of 3.0% over the same period last year. In terms of total throughput, the major types of cargoes including coal and automobiles achieved steady growth; coal reached 43.81 million tonnes, an increase of 27.3% over the same period last year; and automobiles reached 10.62 million tonnes, a rise of 3.4% over the same period last year. As for metal ore, due to the high price in the international spot market and the change in logistics in the hinterland areas, the handling volume dropped year-on-year by 7.5% to 37.31 million tonnes. The Group’s consolidated revenue from non-containerised cargo handling business amounted to HK$2.1 billion, representing an increase of 9.4% from the corresponding period last year. The blended average unit price rose year-on-year by 4.7 % to HK$20.2 per tonne. Container Handling Business The Group recorded total container throughput of 5.56 million TEUs, a rise of 18.1% over the same period last year. On a consolidated basis, the Group’s revenue of the container handling business rose year-on-year by 22.2% to HK$850 million, while the blended average unit price rose year-on-year by 15.2% to HK$294.1 per TEU. Sales Business The Group’s sales business mainly engaged in the supply of fuel to inbound vessels and the sales of materials. During the period under review, the Group achieved sales revenues of HK$3.5 billion, basically on a par with the corresponding period last year. Other Port Ancillary Services Business Other port ancillary services of the Group mainly include tugboat services, agency services and other services. The Group’s throughput achieved persistent growth. The revenue of the other port ancillary services segment of the Group rose year-on-year by 19.2% to HK$1.0 billion. During the period under review, the tugboat grew by 1.1% to 24,686 vessel calls; shipping agency expanded by 3.7 % to 8,708 vessel calls; and cargo agency climbed by 8.9 % to 42.31 million tonnes. On 22 March 2011, the Group resolved to acquire a 50% equity interest in Tianjin Port Shihua Crude Oil Terminal Co., Ltd. “(Tianjin Port Shihua”) from Tianjin Port (Group) Co., Ltd. (“Tianjin Port Group”) at a consideration of approximately RMB329.6 million. Tianjin Port Shihua is principally engaged in port operation, cargo handling, transshipment and tallying at a crude oil terminal with 300,000-tonne capacity at the port of Tianjin. The Group believes the acquisition could enhance the scale of crude oil handling business of the Group, resolve the competition between the Group and Tianjin Port Group in the same industry and improve the overall profitability of the Group significantly. The acquisition was completed in July 2011. Mr Yu concluded, “The port of Tianjin is the gateway to the hinterland of North and Northwest China. The rapid development of Tianjin Binhai New Area facilitates the overall integration and connectivity in the region. Currently, the port of Tianjin has initially formed a logistics network that spreads across 11 provinces and cities in the Three-North region. Looking ahead, benefitting from the “Twelfth Five-Year” Plan, the port of Tianjin is actively promoting the development of Dongjiang Bonded Free Port to free trade port area, while striving to become the core strategic enterprise in the Tianjin City. The Group will actively participate in the construction of key functional area of the international shipping hub in North China. The Group is also progressively realigning its business structure, improving its port functions, and taking an active part in the future development of the port of Tianjin as a whole, with an aim to bring even better returns for the shareholders.”

Tianjin Port to issue RMB 3 bln in bills

PostTime:2011-07-22 10:15:13 View:579

Tianjin Port (Group) Co Ltd, the largest port operator in North China, said that it will issue RMB 3 billion in short-term bills with a maturity of 366 days on the interbank market on Jul. 25, sources reported, China Knowledge reports. The company said in a statement that this batch of bills will be issued at the face value, and the yield will be determined in the process of book building. Both value date and payment due date will be Jul. 26. Proceeds from the issuance will be mainly used to replenish the firm's working capital and repay bank loans, according to the company. Dagong Global Credit Rating Co Ltd has rated the issuer and the bills AAA and A-1, respectively. China Merchants Bank  has been assigned as major underwriter for the sale. Tianjin Port plans to invest RMB 45 billion in the construction of port and shipping facilities in the next five years. Tianjin Port, the entry point to Beijing, plans to spend RMB 13.5 billion on infrastructure construction this year. The group intends to build 28 new berths and rebuild 27 berths this year. It will also create a 5.3-million-square-metre stack yard.