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Qinhuangdao Port H1 throughput up anaemic 1.4% on falling liquid bulk, metal ore cargoes

PostTime:2018-07-17 08:46:16 View:35

Qinhuangdao Port Co, which manages several ports in northern China, reported a 1.4% rise in throughput for the first half of 2018 to 191.4m tonnes from 188.9m tonnes in the previous corresponding period in 2017. Broken down by cargo types, while container throughput grew strongly by 15.3% to 663,838 teu from 575,634 teu previously, this was offset by falls in the group’s staple products oil and liquefied chemicals and some segments of dry bulk cargoes. The former fell 22.8% to 1.2m tonnes while 9.8% less metal ore was handled, with throughput falling to 54.4m tonnes. Coal throughput however continued to grow, rising 5.8% to 122.4m tonnes and making up almost 70% of total dry bulk throughput. In terms of tonnage however, containerized cargo rose by almost a third to 9.4m tonnes from 7.1m tonnes previously. This however still comprises less than 4% of total throughput by tonnage. In contrast the 176.7m tonnes of dry bulk throughput while only seeing 0.5% growth still comprised 93% of total throughput. The group’s eponymous Qinhuangdao Port, while the biggest at 117.4m tonnes, saw a slight fall from the 117.5m tonnes moved in the first half of 2017. Among the other two ports, Caofeidian Port saw throughput rise 9.4% to 43.2m tonnes while Huanghua Port’s throughput fell 3.2% to 30.8m tonnes. These two ports handle mainly commodities-based imports with the former being part of the domestic coal trade and the latter is a major ore port in the Bohai Rim, serving large-scale steel producers transiting imported ore cargo. The figures would seem to correlate with the sectoral numbers by cargo type and suggest changes in China’s northern industrial economies. For full-year 2017 the group saw overall throughput rise 22% and coal throughput rose 32%. However the trend of falling liquid bulk and metal ore throughput was already in place last year, with the former sliding 5% and the latter slowing to a 6% growth pace.

Qinhuangdao port first quarter volume growth remains flat

PostTime:2018-04-16 08:09:20 View:40

THE terminals managed by China's Qinhuangdao port registered flat to marginally negative growth across practically all segments on the back of weak first quarter commodities trading. The only exception being container traffic. Container throughput rose by nine per cent to 295,080 TEU, up from 269,785 TEU in the first quarter of 2017. Dry bulk throughput slid to 85.4 million tonnes from 86 million tonnes last year. Coal throughput increased four per cent to 59.6 million tonnes, up from 57.5 million tonnes previously. However, metal ore volumes declined by nine per cent to 25.8 million tonnes, down from 28.5 million tonnes, reported Seatrade Maritime News, Colchester, UK. Oil and liquefied chemicals throughput decreased by a quarter to 650,000 tonnes from 850,000 tonnes in the corresponding prior year period.

Qinhuangdao port sees flat throughput growth in Q1

PostTime:2018-04-11 08:13:09 View:68

Reflecting the sluggish commodities trading conditions in the first quarter, the terminals managed by Qinhuangdao Port saw flat to slightly negative growth in almost all segments except container throughput. Dry bulk throughput overall was barely changed at 85.4m tonnes from 86.0m tonnes in the first quarter of 2017. Among segments, coal throughput rose 4% to 59.6m tonnes from 57.5m tonnes previously but metal ore volumes fell 9% to 25.8m tonnes from 28.5m tonnes in the previous corresponding period. Oil and liquefied chemicals throughput fell by almost a quarter to 650,000 tonnes from 850,000 tonnes previously. Only container throughput put in a decent increase of 9% to 295,080 teu from 269,785 teu previously.

Qinhuangdao Port sees better 2017 results

PostTime:2018-01-30 09:49:45 View:56

Commodities-focussed northern China port group Qinhuangdao Port has given a positive profit alert for 2017, with full-year net profit expected to more than double to between RMB894m ($141.3m) to RMB1.00bn from RMB365m in the previous corresponding period as a better Chinese economy led to higher throughput. Qinhuangdao Port attributed the good results to growth in principal operations. “In 2017, the company recorded a substantial increase in cargo throughput of coal and metal ore, which are its main cargoes. Such increase was mainly due to the facts that (i) the coal throughput benefited from the steady growth of the economy of the PRC as a whole, release of advanced production capacity of coal and policies relating to restrictions on the business of coal transfer/ collection by truck and imported coal; and (ii) the metal ore throughput benefited from an increase in metal ore demand of steelworks in the economic hinterland of the company and measures taken by the company to attract the customers and enhance operating efficiency,” it said in a stock market announcement. The company also noted that the strong performance was off a smaller base in 2016.

Qinhuangdao container throughput surges 9pc to 1.2m TEU in 2017

PostTime:2018-01-12 08:49:33 View:66

QINHUANGDAO Port Co announced that its facilities handled a total of 380.6 million tonnes of cargo in 2017, an increase of 22 per cent over 2016. In a statement, the company said the biggest rise was at its main Qinhuangdao Port, which rose 32 per cent to 237.7 million tonnes, comprising not only the biggest increase but also the largest portion of the Bohai Rim region-focussed port company's throughput. One of the main drivers in the throughput surge was containerised traffic which grew by a fifth in tonnage terms to 15.9 million tonnes or 9 per cent in TEU terms to 1.21 million TEU, the Seatrade Maritime News of Colchester, UK, reported. In terms of cargo types, dry bulk cargo made good gains and made up the bulk of cargo, rising 22 per cent to 352.5 million tonnes and accounting for 93 per cent of overall throughput. Coal throughput rose 32 per cent to 233.4 million tonnes and metal ore throughput rose 6 per cent to 119.1 million tonnes. Oil and liquefied chemicals was the only category that saw a decline, falling 5 per cent to 3.2 million tonnes.  Meanwhile general and other cargoes throughput soared 42 per cent from 6.4 million tonnes to 9.1 million tonnes.

Qinhuangdao Port 2017 throughput up 22% to 381m tons

PostTime:2018-01-09 08:43:11 View:81

The Qinhuangdao Port Co said it has seen annual overall throughput rise 22% in 2017 to 380.6m tons at all the ports in its portfolio. The company said in a statement that the biggest rise was at its main Qinhuangdao Port, which rose 32% to 237.7m tons, comprising not only the biggest increase but also the largest portion of the Bohai Rim region-focussed port company’s throughput. This was probably driven by big gains in containerised traffic, which grew by a fifth in tonnage terms to 15.9m tons or 9% in teu terms to 1.21m teu for the group as a whole. The group does not break down the cargo composition by individual ports, however Qinhuandao Port is its main container facility. Caofeidian Port saw throughput rise 6% to 77.1m tons from 73.1m tons previously while Huanghua Port saw a 10% rise to 65.8m teu. These two ports handle mainly commodities-based imports with the former being part of the domestic coal trade and the latter is a major ore port in the Bohai Rim, serving large-scale steel producers transiting imported ore cargo. In terms of cargo types, dry bulk cargo made good gains and made up the bulk of cargo, rising 22% to 352.5m tons and making up 93% of overall throughput. Coal throughput rose 32% to 233.4m tons and metal ore throughput rose 6% to 119.1m tons. Oil and liquefied chemicals was the only category that saw a decline, falling 5% to 3.2m tons. Meanwhile general and other cargoes saw throughput spike 42% to 9.1m tons, albeit from a low base of 6.4m tons.

Qinhuangdao Port projects profit surge in first half

PostTime:2017-05-27 11:17:31 View:159

Hong Kong-listed Qinhuangdao Port Co has projected a surge in net profit for its first half ended 30 June 2017 in view of the improving market conditions. The Chinese port said in a regulatory filing to the stock exchange that its net profit attributable to shareholders of the parent for the first six months is expected to increase no less than 260% compared to the previous corresponding period, which registered a profit of RMB137m ($20.3m). Qinhuangdao Port attributed the better financial performance to improvement of the macro market environment, as well as the effective measures taken by the group to attract customers and stabilise the supply of cargoes leading to growing throughput volume. Meanwhile, Qinhuangdao Port last week inked an agreement to sell its majority stake in its container terminal operator subsidiary to its joint venture firm with Tianjin Port Group.

Qinhuangdao Port transfers stake in container terminal to jv with Tianjin Port

PostTime:2017-05-19 09:58:16 View:247

China’s Qinhuangdao Port has inked an agreement to sell its majority stake in its container terminal operator subsidiary at a consideration of RMB559.57m ($81.18m) to its joint venture firm with Tianjin Port Group. The deal will see Hong Kong-listed Qinhuangdao Port’s subsidiary Cangzhou Bohai transfer out 90% shareholding in its wholly-owned Cangzhou Bohai Jinji Container Terminal Co to Bohai Jinji Port Investment and Development Company, which is 50-50 owned by Qinhuangdao Port itself and Tianjin Port Group. “Since Bohai Jinji is a joint venture of the company and Tianjin Port Group, the transfer will bring forth the complementarity of the resources of Jinji Port and the integration of the container business of the group and Tianjin Port Group,” Qinhuangdao Port stated. The deal will also “promote the development of the group’s container business by integrating the resources of both groups, optimising location distribution and enhancing the efficient use of the ports without constructing new berths for containers.” Qinhuangdao Port further explained that the deal will increase its ability to collect resources of the group’s ports and help the group build a northern shipping center together with Tianjin Port Group. Upon completion of the equity transfer deal, Qinhuangdao Port could realise a gain of approximately RMB18.38m, which is proposed to be used as general working capital.

Qinhuangdao Port warns of up to 75% drop in 2016 net profit

PostTime:2016-12-20 08:36:00 View:178

Qinhuangdao Port has warned that it expected to see a 65% to 75% drop in net profits at its full-year results. The coal and commodities-driven northern Chinese port said in a stock market announcement that net profit for 2016 is expected to come in at RMB336m ($48.3m) to RMB471m based on its preliminary assessment for the first eleven months of the year. Qinhuangdao noted, however, that this was an improvement from the 85% plunge in net profit posted for the first six months of the year. It said that while the group has continued to strengthen its operations, it has also benefited from increased activity in the coal market since October 2016. This has led to increased coal throughput at the port compared to the first half of the year. "However, uncertainty remains in the subsequent supply and demand situation and changes of the overall coal market," Qinhuangdao warned. The group added that it has also implemented a series of internal administrative measures to enhance cost management and has managed to more effectively control costs in the second half of the year.

Qinhuangdao Port warns of sharp drop in H1 profit

PostTime:2016-07-25 18:39:48 View:194

China’s Qinhuangdao Port has warned of an 80 – 90% drop in first half profits, which it blames mainly on a drop in coal volumes. The Hong Kong-listed port group said that net profit for the six months ended 30 June 2016 would drop by 80 – 90% compared to the same period in the previous year. In the first half of 2015 the group reported a net profit of RMB929m. Qinhuangdao Port primarily blamed an increase in coal volumes which slid 34.7% in the first half of 2016 to 75.1m tonnes. “Such decrease was mainly attributable to the decrease in revenue of the group resulting from the decline in throughput of coals of Qinhuangdao Port, which was caused by the weakened supply and demand in the coal market, the increase in the number of southbound transportation channels for coals from northern region and the intensified competition from surrounding ports in the first half of 2016,” the company said. Reduced cost of domestic coal production in China has resulted in a sharp drop in coal imports into the country. Overall throughput at the group’s ports was down 18% in the first six months of 2016.

Qinhuangdao Port group sees overall throughput fall 18% in H1

PostTime:2016-07-12 08:28:34 View:238

Qinhuangdao Port Co, one of the biggest port operators in China, reported first half results that more or less reflected the general state of China's economy with overall volumes down 18% in the first half of the year. Although container volumes were up 19.7% to 527,693 teu from 441,039 teu previously sharp falls in bulk cargo tonnage meant overall throughput was significantly lower. Dry bulk cargo throughput fell 22.4% to 132.8m tonnes, the company said in a stock market announcement. Tellingly, coal throughput slid 34.7% to 75.1m tonnes while oil and liquefied chemicals throughput plunged 58% to 1.57m tonnes. Reduced cost of domestic coal production in China has resulted in a sharp drop in coal imports into the country. Throughput of metal ore cargoes was almost flat, rising just 2.6% to 57.7m tonnes from 56.2m tonnes previously. General and other cargoes, which comprise grain, fertilizer and others more than doubled to 10.5m tonnes from 5.2m tonnes previously. Overall throughput for the three ports under Qinhuangdao dropped 18.4% to 151.6m tonnes from 185.9m tonnes in the first half of 2015. Among the three ports, Qinhuangdao Port saw throughput fall 32.4% to 84.6m tonnes, Caofeidian Port saw throughput fall 12.5% to 36.6m tonnes while cargo volume at Huanghua Port rose 60.6%to 30.4m tonnes although this was from the lowest base among the three of 18.9m tonnes in the previous corresponding period.

Qinhuangdao port volume exceeds 200 million tonnes for seven years

PostTime:2013-01-16 08:52:01 View:727

PORT of Qinhuangdao, a major Bohai Sea shipping hub in Hebei province, has experienced 200 million tonnes annual throughput for seven consecutive years with the arrival of 2012 results, reports Xinhua. The port introduced series of measures to cope with the global economic downturn in 2012, enhancing efficiency and making full use of the market resources to guarantee smooth business operation for the full year. The port devoted greater effort in promoting safety while loading and unloading cargo efficiently with more safety inspections and accident emergency drills. It also focused on the environment protection to offer a improved conditions to attract new business.