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Maersk and Lingang Group team up to develop shipping services

PostTime:2019-11-06 08:24:51 View:977

DENMARK's Maersk has signed a cooperation agreement with Shanghai-based Lingang Group to jointly develop international shipping services and related business. The deal enables the two parties to focus on the development of import and export logistics services, cross-border e-commerce business, shipping finance, maritime law service, international shipping insurance and shipping economy in an effort to expand international shipping services and boost service capacity, reported Colchester's Seatrade Maritime News. Maersk has, furthermore, agreed to jointly promote digitisation and automation in Lingang industrial zone and improve Lingang's competitiveness in global shipping and trading sectors. "We expect to develop digital channel and omni-channel logistics distribution centre here, which will be able to provide one-stop and customised service to our clients from Lingang, Yangtze river delta and overseas," said Maersk Asia Pacific president Robbert van Trooijen. Owned by Shanghai State Council, Lingang Group is engaged in industrial zone investment, development and operation.  

2020 Bulkers enters into a time charter agreement for Bulk Shanghai

PostTime:2019-10-15 08:52:45 View:926

2020 Bulkers has entered into a time charter agreement for Bulk Shanghai with a 100% owned subsidiary of Glencore. The vessel will commence a 11-13 month time charter upon delivery from New Times Shipyard in early November 2019 and will earn an index linked rate, reflecting a significant premium to the Baltic 5TC index. The time charter also includes a profit sharing of any economic benefit derived from operating the vessel´s scrubber. About 2020 Bulkers Ltd.: 2020 Bulkers has two Newcastlemax drybulk vessels in operation and six Newcastlemax drybulk vessels under construction at New Times Shipyard in China. All vessels are expected to be delivered by May 2020 and will be fitted with exhaust scrubber systems.  

EVE Energy and Shanghai Hanshun Shipping developing battery-powered bulk carriers

PostTime:2019-07-02 08:13:19 View:1348

Chinese lithium battery producer Huizhou EVE Energy is undertaking the joint development of a fleet electric-powered bulk carriers with Shanghai Hanshun Shipping. Under an agreement, the two partners will jointly develop eighteen 5,400 dwt battery-powered bulk carriers for Shanghai Hanshun Shipping. EVE Energy will provide battery system solutions for the ship owner. It is expected that the operation costs of these river-ocean going bulk carriers will be 30% lower than the same type of the ships. Shanghai Hanshun Shipping, established in May this year, with businesses in shipping services, ship technology development, ship leasing and ship equipment maintenance. The co-operation agreement is for a period of three years and options for another three years. Huizhou EVE Energy was established in 2001 and focuses on lithium battery innovation and manufacturing. The company has already provided battery sets for over 100 alternative energy-powered ships.

Shanghai box volumes slip in November

PostTime:2018-12-12 08:48:54 View:1435

Container handling volumes at China’s Shanghai port have dipped in November compared to the year-ago period, according to figures from Shanghai International Port Group (SIPG). In November, box throughput at the world’s busiest container port was recorded at 3.53m teu, down 1.9% compared to 3.6m teu in the same month of last year, SIPG data showed. Last month’s volumes also declined 1.1% from 3.57m teu posted in October this year. Read more: Shanghai container volumes up 5.3% in October In the first 11 months this year, Shanghai port moved a total throughput of 34.93m teu, representing a drop of 5.2% from 36.85m teu achieved in the same period of last year.

CSSC cooperates with Shanghai government on maritime industry development

PostTime:2018-12-07 08:33:21 View:1268

China State Shipbuilding Corporation (CSSC) has signed a strategic cooperation agreement with Shanghai Municipal Government to jointly promote ship and offshore engineering and other high valued services in Shanghai. According to the agreement, the two parties will push for maritime capacity adjustment and upgrading of Shanghai, set up world-class innovation center for marine technology and information, and accelerate the development of marine power equipment research and manufacture base. The city will work closely with CSSC on local maritime industry development and fully support CSSC’s expansion in Shanghai, said Li Qiang, municipal party secretary of Shanghai. Stated-owned CSSC is directly administered by the central government of China. Under its wing, there are a total of 60 sole proprietorship enterprises and shareholding institutions, including a batch of renowned shipbuilding and ship repair yards, research and design institutes, marine-related equipment manufacturers and trading firms in China.

Shanghai Oct box volumes up 5.3pc YoY, but down from Sept

PostTime:2018-11-15 08:34:48 View:1224

CONTAINER volumes at China's Shanghai port have risen in October compared to the same month last year, but they dipped on a month-on-month comparison, according to data from Shanghai International Port Group (SIPG). In October, the world's largest container port handled 3.57 million TEU, an increase of 5.3 per cent from 3.39 million TEU recorded in October 2017. However, last month's throughput dropped by 6.3 per cent from 3.81 million TEU registered in September this year. In the first 10 months of this year, Shanghai port recorded a total throughput of 31.4 million TEU, down 5.6 per cent compared to 33.25 million TEU posted in the same period of last year, reports Seatrade Maritime News of Colchester, UK.

Shanghai container volumes up 5.3% in October

PostTime:2018-11-14 08:50:30 View:1179

Container volumes at China’s Shanghai port have risen in October compared to the year-ago period, but they dipped on a month-on-month comparison, according to data from Shanghai International Port Group (SIPG). Last month the world’s largest container port handled 3.57m teu, an increase of 5.3% from 3.39m teu recorded in October 2017. However, last month’s throughput dropped by 6.3% from 3.81m teu registered in September this year. Read more: Cargo volumes at major ports up 7.2% in first half 2018 In the first 10 months of this year, Shanghai port recorded a total throughput of 31.4m teu, down 5.6% compared to 33.25m teu posted in the same period of last year.

Shanghai shipyard delivers second 20,000 TEU ship to Cosco

PostTime:2018-06-04 08:42:40 View:1395

SHANGHAI Waigaoqiao Shipbuilding Co has delivered the 20,000 TEU containership, named the Cosco Shipping Virgo, that is 399.8 metres long and 58.6 metres wide with a maximum capacity of 200,000 tonnes. The ship was delivered to China Cosco Shipping Corporation and will be deployed on trade routes between the Middle East and Europe. It is the third new ship the shipbuilder has delivered in May after finishing two 400,000-tonne very large ore carriers (VLOC), reported Xinhua news agency. There are 79 container ships above 19,000 TEU worldwide and 50 more are still under construction. The China State Shipbuilding Corporation, Waigaoqiao's parent company, has 17 orders, equivalent to one third of the global total. Earlier this year Waigaoqiao delivered the Cosco Shipping Taurus, also a 20,000 TEU containership, to Cosco Shipping.

32 seafarers missing from Iranian tanker collision with bulker off Shanghai

PostTime:2018-01-08 09:26:42 View:1522

Thirty-two seafarers are missing from a NITC tanker after it collided with a bulk carrier off Shanghai on Saturday evening. The collision between the Panama-registered, 164,154 dwt, Sanchi, owned by Iranian tanker company NITC, and the Hong Kong-flagged 75,725 dwt bulker CF Crystal took place around 8pm on Saturday around 160 km east of the Yangtze River according to China's Ministry of Transport. The tanker Sanchi reportedly capsized and caught fire following the collision and all 32 crew – 30 Iranians and two Bangladesh nationals – are missing. The Chinese Ministry said 21 seafarers, all Chinese nationals, onboard the bulker were rescued. The Sanchi was carrying 136,000 tonnes of oil condensate from Iran to Korea, while the bulker had a cargo of 64,000 tonnes of grain. The Chinese authorities reported an oil spill of an unspecified size and said the bulker had suffered damage in the collision. The Chinese dispatched eight vessels for search and rescue operations.

New mega automated box shipping terminal at Shanghai port enters testing phase

PostTime:2017-12-13 08:30:04 View:1387

TRIAL operations have commenced at the Shanghai Yangshan deep water port, the biggest automated container shipping terminal globally that will initially handle four million TEU. Located at the south of Donghai Bridge, phase four of the Yangshan port covers 2.667 million square yards and has a 2,569-yard shoreline. Its annual box handling capacity will soon be raised to 6.3 million TEU through the deployment of 26 bridge cranes and 120 rail-mounted gantry cranes. "The automated terminal not only increases the port's handling efficiency but also reduces carbon emissions by up to 10 per cent," Shanghai International Port Group president Chen Wuyuan told Xinhua News Agency. According to Xinhua, Shanghai Zhenhua Heavy Industries Co made all the equipment involved in the upgrade at the world's busiest container port, reported The Washington Times.

Wison and Shanghai Electric to develop mid-large scale floating LNG power barge

PostTime:2017-11-21 08:57:53 View:1472

Wison Offshore & Marine has inked an agreement with Shanghai Electric Power Generation Group with an aim to develop medium to large scale floating LNG power generation barge. The Memorandum of Understanding (MoU) signed between Wison and Shanghai Electric aims to promote the commercialisation of the floating power generation solution. The joint development will be based on Wison’s existing Floating LNG Storage Regasification and Power Generation (FSRP). Wison received Approval in Principle (AiP) from Bureau Veritas (BV) for its 50MW FSRP design in July this year. “Wison is greatly honored to join hands with Shanghai Electric, a worldwide market leader to develop FSRP products,” said Cui Ying, ceo of Wison. “It’s no doubt the complimentary strengths and resources of the two companies can facilitate our path forward in commercialising floating LNG power, which in turn will solidify a leading position in this emerging market.”

Russia box operator to exploit 'Belt and Road' from Shanghai

PostTime:2017-10-17 08:28:02 View:1569

PJSC TransContainer, Russia's biggest container operator, plans to expand its China business in response to demand between China and Europe under the Belt and Road Initiative, reports China Daily. The TransContainer Freight Forwarding (Shanghai) Co Ltd, a wholly owned subsidiary established in the China (Shanghai) Pilot Free Trade Zone, will serve as the Russian company's headquarters, and focus on port transportation. The Beijing-based Chinese-Russian Rail-Container International Freight Forwarding Co Ltd, a joint venture set up by TransContainer and China Railway International Multimodal Transport (CRIMT) in 2010, is to handle rail transport, said PJCS TransContainer CEO Petr Baskakov. "The Shanghai company can enjoy favourable policies, including taxation of the free trade zone, [and] has three tasks, which are maintenance of the containers, processing of logistics orders, as well as marketing and promoting the company to global market including China," said Mr Baskakov. An affiliated company to the TransContainer Shanghai will be established in South China in 2018, and another two will be established in Qingdao of Shandong province and Chengdu of Sichuan province in 2019, he said. The Port of Shanghai handled 37.13 million TEU in 2016, taking the lead among global container ports for seven consecutive years. China contributes about 30 per cent of TransContainer's global transportation volume and revenue for the moment, up from 15 per cent of 2010, the largest contributor after Russia. "Cargo transition volume has surged tremendously between China and Europe, as well as between China and Russia, thanks to the Belt and Road Initiative," Mr Baskakov said. Against a global economic slowdown, bilateral trade volume between China and countries and regions related to the initiative reached CNY6.3 trillion (US$955.5 billion) in 2016, up 0.6 per cent year on year, said Song Lihong, an official from Ministry of Commerce. The decision to set up the Shanghai subsidiary was made by the company's board of directors in February this year, in an attempt to consolidate TransContainer's positions in intermodal transportation between Russia and China, including via sea routes. "TransContainer hoped... the Shanghai subsidiary (would) enhance service quality and broaden service field of multi-modal container transportation between China and Russia," said Mr Baskakov.