Dalian, Yingkou ports set to merge in Liaoning port group

PostTime:2017-06-15 09:01:57 View:1711

More consolidation is inching along in the China maritime sector as authorities now seem to turn their attention to the port sector, with Dalian Port announcing that it will enter into a cooperation agreement with China Merchants Group (CMG) and the Liaoning government. The company said in a stock market announcement that had "been informed by its controlling shareholder, Dalian Port Corporation that it had received a notice from the Liaoning Provincial People’s Government in relation to a Port Corporation Framework Agreement entered into between Liaoning Government and China Merchants Group”. The giant CMG is the parent of China Merchants Holdings (International) (CMHI), which in turn is a substantial shareholder of Dalian Port. The agreement is aimed at working towards a unified operation platform for Liaoning ports and to establish a Liaoning port group combining Dalian Port and Yingkou Port Group Corporation, which will ultimately lead to the integration of the port management of Liaoning province. The Liaoning government is expected to support CMG’s investment into Liaoning Port Group which is expected to be incorporated and set up by the end of the year. The somewhat ambitious timeline to complete the integration of other ports management entities within Liaoning Province is by the end of 2018. CMG is also seen as taking the lead in the management of Liaoning Port Group and promoting the business reorganization and structure optimization of the ports under the jurisdiction of Liaoning Port Group.The move is aimed at "enhancing the cooperation and development of ports, international  competitiveness, promoting the development of shipping centres and related industries with Liaoning Port Group as the core enterprise," Dalian Port said in its announcement. It warned however that "as at the date of this announcement, the specific cooperation measures with respect to the cooperation are unknown to the company". "The board wishes to emphasize that the agreement is a framework agreement, it is uncertain that whether, when and how the company will be integrated and how the company will be affected," it concluded..In May this year, the Jiangsu Port Group was formed through the consolidation of the two major port companies in the province, Nanjing Port and Lianyungang Port. It is meant to reduce competition and maximise economies of scale while increasing efficiency of the Belt and Road initiative. Yingkou Port is northeast of Dalian, deeper in the Bohai Bay to serve more inland areas of Liaoning province. Yingkou Port Group has a FTZ and a regular rail connection to Europe which began in 2013 and connects seven cities in four countries in line with the Belt and Road initiative.

Yingkou Port president investigated for corruption

PostTime:2015-03-24 08:04:31 View:1636

China’s Central Commission for Discipline Inspection (CCID) has opened an investigation on Gao Baoyu, president of Yingkou Port Group, for allegations of corruption. In a brief statement issued last Friday, CCID said Gao is investigated for “serious violation of the law”, and he is assisting in the investigation. Yingkou Port said its vice president has taken over Gao’s duties temporarily. Yingkou port is an international port in northeast China with container throughput of around 250,000 teu a year. Beijing is taking a tough stance on corruption and there have already been several cases of corruption among shipping executives and investigations into state-owned shipping firms. Recently, the CCID opened its probe into China Shipbuilding Industry Corporation (CSIC), China State Shipbuilding Corporation (CSSC) and China Shipping Group.

PDR's Humen port offers China coastal box shipping service to Yingkou

PostTime:2013-08-22 08:45:12 View:1834

HUMEN, a port situated on the estuary of Pearl River in manufacturing city Dongguan, has started a new domestic container shipping service to northeastern China's port of Yingkou, Xinhua reports. The new service is operated by Dalian-based domestic carrier Trawind Shipping Logistics. The ship Trawind Guangzhou sailing on the maiden voyage recently called at Port of Humen's Shatian port area phase two terminal. The service offers weekly sailings and is the third container shipping service launched connecting Humen and Yingkou since July last year. The first two, offering weekly sailing, are operated by Sinotrans shipping company Sunny Express and Tianjin Marine Shipping. Including the new service, Humen is now offers has 22 domestic trade lanes, covering eastern China's Taicang, Zhangjiang, Ningbo, Shanghai, southeastern port of Quanzhou, southern China's Haikou, and northeastern port of Yingkou. Goods from Dongguan can be shipped via Humen to ports to China's major economic centres including those in Pearl River Delta, Yangtze River Delta and the Bohai Rim.

Yingkou port container volume up 9.8pc to 2.68 million TEU in first half

PostTime:2013-08-08 10:20:39 View:2440

NORTHEAST China's Yingkou port posted a year-on-year 9.8 per cent increase in container throughput to 2.68 million TEU in the first half of the year, refreshing the port's half-year containerised volume record, reports Xinhua. Overall import and export cargo volume increased 10.7 per cent to 166.3 million tonnes in the period. Since the start of the year, the port authority has worked closely with other customs branches to enhance the clearance efficiency and boost its development.  

CIC Changxing Shipyard completes repair of M.V. Cosco Yingkou

PostTime:2012-04-23 08:24:39 View:2326

CIC Changxing Shipyard has announced the successful completion of the repair of M.V. Cosco Yingkou. The subject vessel belongs to one of Canadian companies and her main dimensions are 222.5m of LOA and 32.2m of moulded breadth. The main repair scope included M/E normal overhaul, the repair of 2 sets of M/E air coolers, 4 sets of A/E air coolers, 2 sets of heaters, 6 sets of windlasses & capstans, and 2 sets of gangways, the newly opening and strengthening of manholes i.w.o. No.2 cargo holds, the removal of bunker crane, the renewal of H/C shutter packing, as well as the installation of MGO system foundation, etc. Since the repair was quite tight with only 8-day repair period, the engineering department made a reasonable schedule and the staff of machinery & electric workshop immediately carried out the work on receipt of the order. The poor condition of M/E shaft worsened the repair process. The shipyard had to finish the most of the work before her docking, which then could ensure the re-delivery schedule. Under the command of SRM and engine supervisor, the foremen strengthened the supervision in place in order to keep everything running smoothly and efficiently. Due to the poor access condition for the device transferring, the staff worked overtime. Finally, the repair project was completed within the contract time and all the tests were successfully passed by once trial. The owner expressed their appreciation to the yard. China Shipping Industry Co., Ltd. (abbreviated to “CIC”) was founded in 1998 and is a subsidiary company of China Shipping (Group) Company.  

Yingkou port volume grows 26.2 percent in Jan-Aug

PostTime:2011-11-02 08:29:41 View:1928

As of August 30, northeast China's Yingkou port had handled of containers this year, 26.2 per cent more than in the same period one year ago, Shippingazette reports. The port's throughput in this period totalled to 133 million tonnes, according to Xinhua. Bulk cargo used to be the dominant type of Yingkou port's business. But a few years ago, the port decided to catch up with the world's containerisation trend and use container to carry bulk. During the first half of the year, four million tonnes, or 180,000 TEU, of steel, grain and petrol chemicals were shipped, refreshing the port's half-year containerised bulk volume record. Five new container routes were also launched at the port during this period. Yingkou is now operating services to more than 140 ports in 50 countries and regions in the world, including over 10 services to Japan, Korea and south east Asia. 

Guangzhou and Yingkou sign inter-port cooperation agreement

PostTime:2011-07-22 10:10:12 View:2083

OPERATORS of south China's Guangzhou port and northeast China's Yingkou port has signed agreement on working together on promoting shipping services, Xinhua reports. According to the agreement, Guangzhou Port Group and Yingkou Port Group will make the most out of their favourable conditions in south and northeast region. The two ports see great potential in the cooperation in the shipping of steel, grain, automobile, oil and coal. They are also highly complementary in their market and cargo sources. This report said the soon-to-be-completed Nansha Grain Terminal will further boost the cooperation between the two ports.  

Northeast China's Yingkou Port highlights strengths as it prepares for future growth

PostTime:2010-12-30 07:56:18 View:1837

CHINA'S north-eastern ports have seen rapid growth over the course of the past few years, excluding the hiccup of the 2009 downturn. One of the up and coming ports in the region is the Port of Yingkou, the region's second largest port and China's 10th largest. As one of the major bulk cargo seaports in China, its cargo throughput exceeded 200 million tonnes in November 2010, in which container throughput accounted for 30 per cent, or 60 million tonnes. Port officials are projecting a total of three million TEU in 2010, up 29 per cent year on year.The Container Shipping Manager recently had the opportunity to speak with Yingkou's vice president, Yao Ping, to find out more on the port's development and prospects going forwardThe Port expects to double the cargo throughput to 400 million tonnes in the next five years, according to its developments plans. "As the tenth largest port nationwide, the Port of Yingkou's brand awareness is much lower than the Port of Shanghai, the Port of Shenzhen, or even another northeast Chinese Port of Dalian," said Mr Yao. "However, it has a long and brilliant history indeed. It commenced international shipping 150 years ago and was once the only port for foreign trade in northeast China." The Port has strategic advantages in both location and size, the senior executive added. It is situated next to the Bohai Economic Rim, the economic hinterland surrounding the largest of the northern Chinese cities of Beijing, Tianjin and Shijiazhuang, and the Northeast China Revitalization area, which includes the Three Northeast Provinces: Heilongjiang, Jilin and Liaoning, the old industrial bases of north China.

Coastal opening affects the interior of the province

PostTime:2010-12-03 08:21:27 View:2019

When the Fengli left the ore terminal at the port of Yingkou on Nov 19, loaded with ore, it was a milestone for the port- it had handled 200 million tons of freight in 2010, putting it in second place in Liaoning, and ninth in China. That same day, container traffic at the port, for 2010, hit a new high - 3-million twenty-foot-equivalent units (TEU) - setting a new port record. "Liaoning province's marine development strategy has contributed a lot to Yingkou port's development," said Gao Baoyu, head of the port. Liaoning's coastal development has also boosted the whole province's economy. Revamp The State Council approved the Liaoning Coastal Economic Belt Development Plan as part of a national strategy, on July 1, 2009. "The nation's support was the biggest motivator in local economic development. It's a milestone in Liaoning history. The coastal economic belt will stimulate the economy of the whole province and even Northeast Asia," said Feng Guisheng, head of the Liaoning Social Sciences Academy's economic research institute. The Yingkou development has demonstrated the effect of government support. Five years ago, its Bayuquan development zone was just an ordinary fishing town. Now, it has a myriad of tall buildings and throngs with visitors. Wang Libang, who is 63, does his morning exercises in Bixiashan Park. Looking around at the broad avenues and high-rise buildings around the park, he told China Daily, excitedly, "Bayuquan feels like Shenzhen where I've worked, it's developed so fast, even faster than Shenzhen." Wang is right. Bayuquan's economic indicators were up 30 percent from 2006 to 2010. This year, its GDP is expected to reach 40 billion yuan, with revenues of 2 billion yuan, or 5.7 times what they were in 2006. Back in the early 1990s, a UN Development Program delegation commented in a statement to the Chinese government that, "the Bayuquan Economic Zone has advantages in industry, natural resources, technology, geographical position and port conditions, superior to any development zone in China." The delegation also predicted that "Yingkou will develop into a major international port and distribution center in Northeast China, the eastern part of the (then) Soviet Union, Mongolia and the inner Mongolia autonomous region. And it will become a scientific metropolis with prosperous economy with a galaxy of talent." That prediction, it seems, is becoming true, step by step, thanks to the Liaoning Coastal Economic Belt Development Plan. The development of Yingkou is an example of Liaoning's speed and the new look of Liaoning's economic and scientific development. The GDP of the Liaoning Coastal Economic Belt increased 372.4 billion yuan since 2005. In 2009, it had doubled to 761.4 billion yuan. "For Liaoning province, the major significance of the development of the coastal economic belt is that it has stimulated the interaction between the coastal area and the interior, activating the economy of the whole province," said Tang Shenfei, secretary-general of Liaoning's opening-up office.

CSCL's board gives go ahead to Yingkou Port terminal investment

PostTime:2008-01-07 14:24:44 View:2648

CSCL has received the go ahead from its board for investment in a container terminal at Yingkou Port.Cooperation on the Yingkou Port joint venture, said a CSCL company statement, will benefit both parties as container handling volume of CSCL at Yingkou has been growing rapidly.Investing in Yingkou Port is in line with CSCL's strategy in expanding domestic business as Yingkou is the second largest domestic trading port with domestic container volume accounting for 90 per cent of the total, the statement said.CSCL currently operates four domestic services in Yingkou with three 4,250-TEU vessels and one 5,600-TEU ship, including services between Yingkou-Huangpu, Yingkou-Quanzhou-Shantou, Yingkou-Zhangzhou-Jiangyin and Yingkou-Shanghai, the statement added.Yingkou port, with 42 berths, was expected to handle 1.38 million TEU in 2007, a strong growth of 36.6 per cent year on year. It became the 10th 100 million tonne port in China in October.The port on Liaodong Bay on the Bohai Sea is an important energy and raw material transit centre in northeast China as well as being the nearest seaport to cities central Liaoning province.