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Container volume at Ningbo-Zhoushan port exceeds 2021 total

PostTime:2022-12-07 08:38:24 View:19

CONTAINER volume at China's Ningbo-Zhoushan exceeded 31.08 million TEU, surpassing the total throughput from 2021, reports UK's Seatrade Maritime News. The number of sea-rail services increased to 22 and the sea-rail combined container volume grew 25 per cent year on year. Currently, Ningbo-Zhoushan port operates 300 container services to domestic and overseas markets. Meanwhile, Ningbo-Zhoushan port forecasts a 14 per cent drop in cargo throughput in 2022 The port is promoting port infrastructure construction at major deep-water port areas and has preliminarily completed a ten million TEU container berths cluster at the Meishan port area.  

Cosco Shipping Specialized Carriers jv launches Shanghai - Middle East service

PostTime:2022-12-01 08:33:58 View:45

Guangzhou Yuanhai Car Carrier, an automobile logistics service provider established by Cosco Shipping Specialized Carriers, SIPG Logistics and Anji Logistics, has opened up automobile service for Shanghai - Middle East. Katherine Si | Nov 30, 2022 Based on automobile exporters’ demands, we have adjusted our automobile service and moved three 5,000 unit of equivalent car carriers from South America to the Middle East region, said Zhu Guihua, General Manager of Yuanhai, we are collaborating with our stakeholder Cosco Shipping to provide an integrated logistics supply chain service for automobile transportation, Zhu added. Yuanhai has already initiated its car carrier fleet expansion project and will add fifteen large-size dual-fuel car carriers into its fleet starting from the second half of 2024. The new capacity will be used for enlarging service network to more overseas countries and regions.  Related: SAIC Anji Logistics eyes for seven 8,900 unit car carriers In 2021, sales volume of China-made cars to Middle East regions was 2 million vehicles, a substantial growth of 101.1% year-on year. The whole year export volume of vehicles is expected to reach 3 million in 2022.

Shanghai-Rotterdam rate falls 18pc as A-E spot market plunges

PostTime:2022-11-30 08:43:18 View:46

CONTAINER spot freight rates on the Asia-Europe trade have continued to drop as the Shanghai-Rotterdam rate fell US$495 down 18 per cent last week to US$2,192 per FEU. The rate between Shanghai and Rotterdam is now 84 per cent lower than it was a year ago as the boom of 2020 and 2021 is almost completely wiped out, reported the UK's Seatrade Maritime News. Drewry's composite World Container Index (WCI) was down seven per cent last week at $2,404.46 per FEU its 39th consecutive weekly drop and 74 per cent lower than the same time a year earlier, and 77 per cent below the peak of $10,377 per FEU in September last year. The Shanghai Containerised Freight Index (SCFI) was down 5.9 per cent on the previous week at 1,229.9 points. According to Drewry, rates fell three per cent on Shanghai-Los Angeles run to $2,069 per FEU, while rates from Shanghai-New York slipped four per cent to $4,846 per FEU.

Shanghai drives volume growth in China as rates plummet

PostTime:2022-11-29 08:29:42 View:47

CHINESE ports moved a total of 244.9 million TEU in the first 10 months of this year, an increase of four per cent compared to the same period in 2021, reports London's Port Technology. From January to October 2022, the cargo volume of Chinese ports was 1.29 trillion tons, a year-on-year surge of 0.5 per cent. Shanghai confirms its place as top performing port in the country, with 4.19 million TEU moved throughout October, now standing at 39.08 million TEU totaled for the first 10 months of the year. Dalian port in the Liaoning Province showed the highest growth rate, increasing 18.3 per cent from the same period last year. In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI) in November was 1.055.1 points, showing a significant decrease of 24.2 per cent compared to last month. The Ningbo to North America route was affected by the short demand in the transportation market.

SIPG takes part in state-owned capital fund operation SIPG

PostTime:2022-11-18 08:48:10 View:67

Shanghai International Port Group (SIPG) will invest in RMB1.6bn ($220m) to jointly set up a capital fund company in Shanghai Pilot Free Trade Zone Lin-gang Special Area with another 12 parties. Katherine Si | Nov 17, 2022 Shanghai Stated-owned Capital Investment Company will lead the establishment of this fund, mainly to support major national and municipal strategies, state-owned assets layout, state-owned company’s reform and innovative development, as well as to structure optimization and adjustment.  Total registered capital of the new fund company will be RMB18.51bn ($2.6bn).  Related: SIPG and Jiangxi Port set up container terminal joint venture SIPG is actively supporting Beijing and Shanghai’s strategies by setting up this fund company, which is in line with SIPG’s diversified development targets in recently years, and is a crucial move to accomplish state-owned capital’s layout, commented SIPG.  The fund will focus on investments in pilot and leading industries including artificial intelligence, high-end equipment manufacturing, communication, new materials and digital industries.

Blank sailings hit Chinese container port volumes in early October

PostTime:2022-11-01 08:38:42 View:68

CONTAINER volume at eight major Chinese ports declined 7.3 per cent year on year in early October, reports the UK's Seatrade Maritime News. Export volume fell 9.4 per cent while the domestic volume dropped 0.9 per cent as 20 per cent services between Asia and North America were suspended during September and October to counter falling in rates. Cargo throughput at major coastal hub ports increased 8.1 per cent, said the report, adding that international trade cargo volume grew 2.5 per cent while domestic volume increased 24.4 per cent. Crude oil shipments at major coastal ports increased 0.3 per cent year on year. Volume growth at the port of Ningbo-Zhoushan and Rizhao was up 13 per cent. Metal ore shipments at major Chinese ports increased 1.9 per cent while the port inventory grew 12.9 per cent. Cargo throughput at three major Yangtze river ports, Nanjing, Wuhan and Chongqing dropped 2.1 per cent while container volume increased 1.4 per cent.

Guangzhou Port Group plans US$1b investment in new Nansha Port berth

PostTime:2022-10-20 08:42:09 View:121

THE Guangzhou Port Group (GPG) is planning to invest US$1 billion in a new berth in the Nansha port area of China to create an annual extra capacity of 500,000 TEU. GPG made the announcement in a filing submitted to the Shanghai Stock Exchange, adding that the estimated investment was still subject to approval by the company's general meeting of shareholders, writes London's Port Technology. The berth will accommodate six inland container barges at any one time and process 15.5 million tonnes of bulk and general cargo each year. It will be in addition to the four berths that were opened in November 2021 and June 2022. The aims of the project include speeding up capacity building, improving the passing capacity of general and container terminals, and accelerating the development of the main port business. The company has set up a wholly owned subsidiary with paid-up capital of around $210 million to invest in the construction and operation of the project. The construction period of the project is expected to be three years. According to GPG, this is part of the fourth phase of the modernisation project at the Port of Nansha.    

Container volume in Chinese ports increases 4.1pc in first 8 months

PostTime:2022-10-10 14:07:02 View:85

CONTAINER throughput in Chinese ports continued stable growth in the first eight months of the year, according to data from the Ministry of Transport, reports Xinhua. In the January-August period, 194.4 million TEU were handled at ports in China, up 4.1 per cent year on year, according to the ministry. The growth figure maintained the expansion of the first seven months of the year when the volume of containers handled at China's ports increased 4.2 per cent year on year. During the first eight months, cargo throughput at the country's ports neared 10.25 billion tonnes, edging down 0.1 per cent from the same period last year, the data showed.

Port of Ningbo may turn tables on Singapore as containers flow in

PostTime:2022-10-10 14:05:17 View:84

CHINA'S Ningbo-Zhoushan port has seen an increasing growth in the container sector, handling 17.54 million TEU in the first half of 2022, reports London's Port Technology. The number is 1.08 million TEU less than Singapore's 2.7 million TEU in the same period a year ago and four million TEU prior to the pandemic. Record-breaking results were registered in Q2 following the three-month lockdown of Shanghai, which boosted the port's volume growth as transpacific cargo was substantially diverted to Ningbo-Zhoushan. "Indeed Ningbo-Zhoushan even overtook Singapore in Q2 though figures were undoubtedly boosted by the extraordinary Shanghai lockdowns in April and May," said Alphaliner. "Ningbo-Zhoushan has benefitted from restrictions at its lock-down hit neighbour Shanghai, with many carriers diverting ships to avoid delays and trucking issues." Furthermore, the port has been witnessing continued growth since July being up 26 per cent handling 3.28 million TEU on the year before volumes bounced back at Shanghai. Meanwhile, the Shanghai port is going to build a new US$7.2 billion box terminal Singapore ended H1 posting a drop in volumes 1.7 per cent compared to the same period the year prior, against Ningbo's 8.8 per cent climb. In April, Ningbo-Zhoushan hit a record monthly three million TEU.  

Box volume at major Chinese ports drops 12.3% in early Sept

PostTime:2022-09-29 08:52:58 View:74

Following a slowdown of growth in late August, container volume at eight major Chinese ports further declined 12.3% year-on-year in early September a period which is normally peak season for box volumes. Katherine Si | Sep 28, 2022 Export container volume declined 14.6% while the domestic volume also dropped 5.3%. The ports of Dalian and Tianjin in north China posted a growth rate of 15.2% and 31.4% respectively.  Cargo throughput at major coastal hub ports fell 9.9%. The international trade cargo throughput declined 15% while domestic volume fell 5.33%. Related: Major Chinese ports box volume growth slows to 2.5% in late August Crude oil shipments at major coastal ports declined 18.2% year-on-year. Volume at the port of Yantai increased most rapidly with a growth rate of 33.3%. Metal ore shipments at major Chinese ports increased 2.1% while the port inventory grew 16.4%. Cargo throughput and container volume at three major Yangtze river ports, Nanjing, Wuhan and Chongqing both declined 9.9% and 5.7% year-on-year in early September.    

Saudi Arabia inaugurates HK's Hutchison Ports' Jazan facility

PostTime:2022-09-21 08:17:53 View:77

HONG Kong's Hutchison Ports celebrated the inauguration of Jazan in Saudi Arabia with a visit from the royal commission. In its first phase the port consists of three industrial berths, a Single Point Mooring (SPM) facility for the Saudi Aramco refinery, and three commercial berths for containers, general cargo and bulk goods. The President of the Royal Commission for Jubail and Yanbu, HE Eng Khalid Al-Salem said that the Port is one of the most critical enablers supporting industrial growth at The Port of Jazan City for Primary and Downstream Industries (JCPDI Port), reports UK's Seatrade Maritime News. Eric Ip, group managing director of Hutchison Ports, said: "We have been in Saudi Arabia for 22 years, and it is a very important market for Hutchison Ports. Today's ceremony marks a new chapter for us in the Kingdom and we look forward to working closely with the Royal Commission to make Hutchison Ports Jazan a success and help JCPDI reach its full potential and contribute to the Saudi Vision 2030." The port will use remote-controlled cranes and state of the art systems for handling containers and bulk goods to enable electronic transactions. Training programmes will be run for local talent, said Hutchison Ports Jazan CEO, Charlie Darazi. A berth depth of 16.5m will allow containerships of over 21,000 TEU to call the port, and bulk ships with capacities over 100,000 tonnes. The Port has a total berth length of 1,250m for containers, bulk and general cargo, with a design capacity of one million TEU per year and around four million tonnes of cargo, in addition to a liquid terminal for oil tankers of Saudi Aramco. Andy Tsoi, Hutchison Ports managing director for Middle East and Africa said that JCPDI Port represents an exciting new chapter. He added that from a strategic standpoint, JCPDI sits at the crossroads of the busy east-west trade lane and the rapidly growing north-south trade. JCPDI also has the potential to be the Kingdom's first port of call from East Asia. Minister of Investment, HE Eng Khalid Al-Falih said that Saudi economy was booming, with 11 per cent growth in Q1 2022 and growth of 21.5 per cent in its Industrial Production Index (IPI).    

Shanghai port breaks another record with new high on daily container volume

PostTime:2022-09-16 07:51:28 View:101

DAILY container handling volume at Shanghai port has surpassed 160,000 TEU, hitting a new high. Last year's highest daily container handling volume at the port was 158,858 TEU reported in August 2021. During January and August this year, Shanghai port posted a container volume of 31 million TEU, a slight year-on-year increase of O.2 per cent, accounting for 64.6 per cent of the whole year's target. Earlier this month, Shanghai port launched operation of its Northeast Asia Empty Container Transportation Centre. Having a handling capacity of 3 million TEU per year, the centre is expected to further strengthen Shanghai port's leading position in global container shipping market, reports UK's Seatrade Maritime News.