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CSSC and Shanghai join hands to develop maritime industry

PostTime:2021-09-01 08:26:04 View:549

China State Shipbuilding Corporation (CSSC) and Shanghai municipal government signed a co-operation agreement to strengthen development of the maritime sector in Shanghai. Katherine Si | Aug 31, 2021 Li Qiang, secretary of the Shanghai Municipal Party Committee said, high-end equipment manufacturing is one of the main directions of Shanghai's industrial transformation and upgrading and CSSC is leading China's marine technology innovation and development. We are expecting this cooperation could be a new starting point to further utilize each party’s advantages and jointly strengthen the shipbuilding and offshore equipment industry and industrial clusters’ development. Lei Fanpei, chairman of CSSC, said, Shanghai is the only city in China that integrates ship and offshore engineering research and development, manufacturing, test and port machinery manufacture. CSSC will rely on Shanghai's advantages and accelerate its industrial layout in Shanghai.  Related: CSSC setting up R&D centre for carbon neutral fuels CSSC will promote the development of high-end industries and innovative resources in Shanghai, and improve the development of marine equipment industry and the modernization of the industrial chain and supply chain.  Meanwhile, we will continue to accelerate the development of CSSC to be a world-class shipbuilding group, and deeply participate in the economic development of Shanghai, Lei continued.  Related: Shanghai port opens new centre to ease empty container shortage CSSC also inked strategic cooperation agreement with Shanghai Huangpu district government and meet with Shanghai Pudong new district authority for deepening cooperation.

Yangzijiang to resume operations at Jiangsu Yangzi Changbo shipyard

PostTime:2021-04-08 08:37:54 View:659

Yangzijiang Shipbuilding is to resume operations at its Jiangsu Yangzi Changbo Shipbuilding this year to expand its shipbuilding capacity. Katherine Si | Apr 07, 2021 Operations for Jiangsu Yangzi Changbo Shipbuilding were halted in 2012 due to lower order flows in the previous years, and construction work from the facility was consolidated at the group’s other three major yards to improve operational efficiency. Year to date in 2021, Yangzijiang has secured orders for 60 vessels worth about $3bn, the largest orderbook recorded in the past decade. To increase capacity, Yangzijiang will resume operations for Jiangsu Yangzi Changbo Shipbuilding by mid-2021. Related: Yangzijiang Shipbuilding secures $3bn in newbuildings year-to-date Yangzijiang is also planning to expand its market share in the LNG carrier segment following the establishment of a new joint venture, Jiangsu Run Yuan Energy Co., in 2021. As well as further expand its capacity into more complex and technically-challenging vessels via the joint venture Yangzi-Mitsui Shipbuilding.  

Shanghai port retains crown as the world’s busiest container port in 2020

PostTime:2021-01-07 08:39:08 View:655

Shanghai port posted a new record container volume of 43.5m teu in 2020, retaining the title of the world’s busiest container port for the 11th year in a row. Katherine Si | Jan 06, 2021 The 43.5m teu volume in 2020 represents a small increase on Shanghai Port’s 2019 total container throughput of 43.3m teu. Despite the continued Covid-19 outbreak and unstable international trading,  Shanghai port maintained a strong performance in the past year. In July and October 2020, the port reported a container handling volume of 3.9m teu and 4.2m teu, representing a single month high; Yangshan port area hit a historical record and posted a container throughtput of 20m teu last year. Related: Shanghai port container volume hits record high in October The container volume for international cargo transhipment at Shanghai port was over 5.3m teu last year, an increase of 14% year-on-year. The inland container trading volume was more than 6m teu, an increase of 15% year-on-year, hitting a record high. Shanghai port will further develop the port eco-system to support its international shipping hub construction, accelerate the cooperation with Yangtze river delta and improve the overall competitiveness and influence in the coming days, said Gu Jinshan, chairman of Shanghai International Port Group (SIPG).

Ningbo joins Singapore, Shanghai as a 28-million TEU port

PostTime:2020-12-24 08:39:48 View:578

THE Port of Ningbo Zhoushan saw its annual container throughput surpass 28 million TEU for the first time, reports Xinhua. That makes the port one of just three in the world to have exceeded an annual container throughput of 28 million TEU. Only Singapore and Shanghai have accomplished this, according to Ningbo Zhoushan Port Company Limited. By the end of November, the Port of Ningbo Zhoushan had a total of 257 ship routes, hitting a record high. The sea-rail transport service links the port by railway with parts of China and other countries. The port currently has 17 railway routes linking cities in 15 provincial-level regions across China. Zhejiang's foreign trade grew rapidly this year, which partly contributed to the increase in the port's container throughput, said He Jie from Ningbo Zhoushan Port Company Limited. In the first 11 months of this year, Zhejiang's imports and exports rose 10.3 per cent year on year to CNY3.06 trillion (US$467 billion), customs data shows. The Port of Ningbo Zhoushan saw cargo throughput exceed 1.1 billion tonnes in 2019, ranking first in the world for 11 consecutive years, according to official statistics.

Three dead and five missing in box ship collision off Shanghai

PostTime:2020-12-15 08:14:35 View:632

THREE crewmembers of a Chinese box ship have been killed and another five missing in a collision involving another container vessel managed by a German company near the Yangtze River estuary off Shanghai late Sunday. According to information released by Shanghai Maritime Safety Bureau, 16 crewmembers of the Xin Qi Sheng 69 jumped overboard after the collision with the 2013-built 1,7,14-TEU containership Oceana, which earlier suffered an engine failure. Eight crewmembers on board the Xin Qi Sheng 69, which later sank, were rescued from the river and a search operation was mounted for the other five missing men. The Oceana is operated by German company Leonhardt & Blumberg Shipmanagement and Xin Qi Sheng 69 is owned by Xiamen Qisheng Shipping, reports Singapore's Splash 247.

Shanghai – Europe spot container rates jump 24% in a week

PostTime:2020-12-14 08:36:36 View:564

Container freight rates are continuing to rise on capacity and availability crunch with SCFI spot rates to Europe up over 24% in the last week. Marcus Hand | Dec 11, 2020 The Shanghai Containerized Freight Index (SCFI) Shanghai – Europe reported a rate of $2,948 per teu on Friday compared to $2,374 per teu a week earlier, a jump of 24.2%, and equating to around $6,000 per feu. On the Shanghai – Med trade spot rates were up 28.9% at $3,073 per teu compared to $2,384 per teu a week earlier. However, spot rates on the transpacific trade which have soared in recent weeks were largely flat. Shanghai – US West Coast was up $1 to $3,948 per feu and $104 to $4,808 per feu to the US East Coast. Related: North America container imports surge 20% in October The spot rates quoted on the SCFI do not include an increasing number of surcharges being levied by lines related to equipment, congestion and other factors. “Anecdotal evidence already points to de facto rate levels for some shipments of up to $10,000 per feu on Asia-Europe and Transpacific,” Lars Jensen from Sea Intelligence said in post on LinkedIn. Spot rates from Shanghai to Santos, Brazil hit $5,876 per teu up $5,225 per teu a week earlier. Overall the SCFI stood at 2311.71 points compared to under 1,000 points earlier in the year.

SIPG and Suzhou cooperate on river container centre development

PostTime:2020-11-05 08:39:56 View:576

CHINA's port operator Shanghai International Port Group (SIPG) and the southeast City of Suzhou in Jiangsu province have joined hands to promote river container shipping by aiming to develop an inland container handling hub. Shanghai Tongsheng Logistics Park Investment and Development Company, a wholly owned subsidiary of SIPG, and Suzhou Newcity Investment and Development Company will jointly invest in and establish the joint venture Shanggang Jiyuntong Logistics Information (Suzhou) Company. The new joint venture will combine the resources of SIPG and the multi-model transportation service provided by Suzhou international railway logistics centre, and improve operation efficiency of Yangshan port, Shanghai and lower the logistics costs for local industry players. The designed annual handling capacity of this inland river container handling centre will reach 700,000 TEU. SIPG chairman Gu Jinshan said the port is expecting to accelerate the development of inland container hub project, deepen the cooperation with Taicang and other ports in Jiangsu and make more contributions for integrated development of Yangtze river region, reports Colchester's Seatrade Maritime News.    

Shanghai No 1 box port with Singapore as No 2 and Shenzhen as No 3

PostTime:2020-02-24 08:19:59 View:729

CHINA boasts seven of the 10 busiest container ports in the world with Shanghai coming in as No 1, Singapore and Shenzhen coming in as No 2 and No 3, reports London's Port Technology International. This list of the top ports in China has been measured by 2018's containerised cargo traffic, but up-to-date figures have been included when they are available. Shanghai is the top port in China and the busiest in the world with an annual box volume of 42 million TEU. Its traffic is six million TEU higher than its closest competitor, Singapore. The port of Shenzhen is one of the top ports in China and third in the world behind Singapore with annual container volumes of 27.7 million TEU. It comprises several ports located along 260 kilometres of Guangdong province's coastline. Some of the biggest Chinese terminal operators maintain a presence there, including China Merchant Ports and Yantian International Container Terminals. Shenzhen port's traffic has risen steadily over the past four years, surging from 24 million TEU in 2014. The Port of Ningbo-Zhoushan has become the third the busiest port in China and is ranked fourth in the world, with volumes of 26.3 million TEU per year. Since 2014 it has seen its container volumes jump by five million TEU. It is also the busiest port by tonnage and became the first to carry one billion tonnes in 2017. As a central component of the BRI, it is pivotal to China's wider economic plans. In May 2019 the port signed a deal with port of Hamburg's terminal operator HHLA to improve trade relations and technological collaboration. Guangzhou is the fourth busiest port in China with volumes of 21.8 million TEU and fifth busiest in the world, with an annual traffic of 21.8 million TEU. It is one of a number of major Asian ports to have struck agreements with the port of Rotterdam on strengthening ties between Europe and the Far East. Qingdao lags behind Hong Kong and Busan in list of world's top ports. The port is the fifth busiest port in China and eighth in the world, with an annual container throughput of 18.2 million TEU. It owns a 9.9 per cent stake in the Vado Gateway Terminal in Italy, which gives it a foothold into the European market.

ONE implements $1,000 per reefer container surcharge for Shanghai and Xingang

PostTime:2020-02-17 10:02:43 View:623

Ocean Network Express (ONE) has implemented a $1,000 per container congestion surcharge for reefer cargoes arriving in Shanghai and Xingang (Tianjin) as the coronavirus (Covid-19) hits the availability of plug-in points. As Seatrade Maritime News reported last week container lines are diverting reefer shipments from Chinese ports where there are no available plug in points in the yard. In a notice to customers ONE said that there was already a serious shortage of reefer plugs at Shanghai and Xingang port and shipments could be diverted. Related: Coronavirus hits delivery of reefer containers in China “In such cases, this may result in the discharge of reefer containers at an alternative port without prior notice,” ONE said. The shipping line said it would endeavour to arrange onward transport to the original destination port if reefer slots became available. To cover costs of the re-arrangement of shipments and reefer related charges ONE has implemented a $1,000 per box congestion surcharge on all reefer containers bound for Shanghai and Xingang from 15 February until further notice. For regulated trades the surcharge is effective from 14 March. ONE urged customers to consider changing shipments to other destination ports.

Shanghai retains world's busiest box port title, but growth slows

PostTime:2020-01-22 21:12:56 View:518

THE Port of Shanghai posted a 3.07 per cent year-on-year increase in container volume in 2019 to 43.3 million TEU, ranking it as the world's busiest container port for a 10th year. However, this year's attainment marked a slowdown from the 4.4 per cent gain to 42.01 million TEU in 2018 that Shanghai made over the 40 million TEU throughput achieved in 2017. "The port achieved great performance in 2019, especially in the sector of container handling volume. We have accomplished the major economic targets for the past year," said Shanghai International Port Group (SIPG). The port reported CNY36 billion (US$5.1 billion) in revenue down 5.3 per cent in 2019 year on year and CNY9 billion in net profit, down 12.5 per cent per cent. Singapore remained the world's second largest container port in 2019 reporting a volume of 37.2 million TEU.    

Shanghai retains crown as world’s busiest container port

PostTime:2020-01-20 08:23:16 View:530

 Shanghai port recorded 43.3m teu in container volumes in 2019, ranking it as the world’s busiest container port for the 10th year. “The port achieved great performance in 2019, especially in the sector of container handling volume. We have accomplished the major economic targets for the past year,” said Shanghai International Port Group (SIPG). The port reported RMB36bn ($5.1bn) revenue and RMB9bn ($1.2bn) net profit in 2019, a decline of 5.3% and 12.5% year-on-year.        

Shanghai Chuanbo Assets Management takes over bankrupt Fenghai Shipping

PostTime:2020-01-08 08:28:11 View:524

Shanghai Chuanbo Assets Management Company has won the bidding to take over the bankrupt shipping company, Guangdong Fenghai Shipping, at a price of RMB1.3bn ($187.2m). Fenghai Shipping, based in Dongguan, Guangdong province, was one of the leading private liquid cargo ship owners in China. The company owned a fleet of 28 chemical and oil tankers totalling 300,000 dwt. The company, registered in 2004, was declared bankruptcy in 2018.