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Shanghai port's news

Rail to be enhanced at Shanghai's Waigaoqiao and Yangshan piers

PostTime:2019-05-22 08:18:24 View:4

 A JOINT venture to enhance rail services has been established in the Port of Shanghai, reports China Daily. "Sea and rail should play a greater role in container shipping. But it has grown slowly due to the insufficient railways at Waigaoqiao and Yangshan port areas." said Shanghai International Port Group (SIPG) president Yan Jun. SIPG will hold 20 per cent of the joint venture, China Cosco Shipping Corp will hold 20 per cent and the rest will be held by the National Railway Administration and China Railway Container Transport Corp. "We expect to expand the ocean-rail transport volume to 80,000 TEU by the end of this year, and more than double this to 200,000 TEUs in 2020," said Mr Yan. The company has been striving to increase the port's ocean-rail transport capacity, and currently all the foundation works have been completed.  The multimodal transport company, with a heavy focus on technology, will have a competitive edge over road transport in environment and cost aspects. "The absence of rail connection to major port areas has been a major barrier for the Port of Shanghai. Railways are one of the most important solutions for logistics, and it is key to land transportation," said Lin Guolong, director of the Shanghai Maritime University's Logistics Research Centre.

Cosco Shipping Shanghai opens new ship repair yard in Zhoushan

PostTime:2019-05-14 08:15:24 View:10

Shanghai Shipping Maritime Technology, a wholly-owned subsidiary of Cosco Shipping Shanghai branch, opens up a new ship repair base in Zhoushan, Zhejiang province. Zhao Bangtao, general manager of Cosco Shipping Shanghai said that it established the new ship repair base is part of the company’s business consolidation and optimisation plan. He said it would improve the company’s integrated service capability and efficiency. The company started the construction of the ship repair yard in Liuhengdao, Zhoushan in December 2018. Cosco Shipping Shanghai is a regional company of Cosco Shipping Group, focusing on liquid chemical products transportation and storage. The company will also work with Cosco Shipping Energy Transportation to expand cooperation for the new ship repair yard. Zhoushan is one of the leading ship repair bases in China. The yards in Zhoushan repaired around 2,000 ships last year, accounting for 20% of the nation’s total ship repair volume.

HK falls 2.8pc in March to 1.58 million TEU as S'pore, Shanghai rise

PostTime:2019-04-25 08:07:34 View:29

HONG KONG's Kwai Tsing terminals' volume fell 1.6 per cent year on year in March to 1.23 million TEU while midstream operators handled 350,000 TEU, down seven per cent. The cumulative total of containers handled at Hong Kong during the first quarter of 2019 was 4.41 million TEU, down 9.7 per cent year on year. Meanwhile, Singapore and Shanghai enjoyed growth in March with Singapore posting 3.16 million TEU, up 3.6 per cent with quarterly volumes rising to 8.9 million TEU while Shanghai increased March throughput 12.4 per cent to 3.81 million TEU and sent quarterly volume up seven per cent to 10.42 million TEU.

Shanghai quarterly container volume up 7pc to 10.42 million TEU

PostTime:2019-04-23 09:03:28 View:36

SHANGHAI, the world's biggest container port, posted a 12.4 per cent year-on -year increase in container volume in March to 3.81 million TEU, according to the Shanghai International Port Group (SIPG). March volumes also jumped 33.2 per cent compared to 2.86 million TEU lifted in February. From January to March this year, Shanghai port moved 10.42 million TEU, up seven per cent year on year.

Shanghai port box volumes up 12.4% in March

PostTime:2019-04-18 08:41:50 View:35

China’s Shanghai port has recorded a 12.4% increase in container handling volumes in March compared to the year-ago period, according to Shanghai International Port Group (SIPG). The March 2019 volumes came up to 3.81m teu, up 12.4% compared to 3.39m teu recorded in March 2018, statistics from SIPG showed. Last month’s volumes also jumped by 33.2% compared to 2.86m teu seen in February this year. From January to March this year, Shanghai port moved a total throughput of 10.42m teu, representing a hike of 7% compared to 9.74m teu in the previous corresponding period.

Shanghai container port still the busiest, but gap with Singapore narrows

PostTime:2019-04-12 08:37:34 View:62

THE port of Shanghai has maintained its position as the world's largest container port, but new statistics from Alphaliner show its lead over second-placed Singapore narrowed last year. Shanghai's box throughput in 2018 totalled 42.01 million TEU, a 4.4 per cent growth on 2017, while Singapore handled 36.6 million TEU, representing growth of 8.7 per cent. The 5.41 million TEU differential between the two ports was narrower than the 6.56 million TEU difference this time last year. Singapore's 2.93 million TEU gain last year made it the largest-growing port globally, in terms of volumes, although Shanghai's 1.78 million TEU gain puts it in second place in that sub-list, reports The Loadstar of UK. According to Alphaliner, together the world's largest 120 box ports handled 654 million TEU last year, an increase of 4.9 per cent on 2017, which was broadly in line with analysts'consensus. Of those, 104 ports saw volumes grow, while 16 saw declines - and there were some high-losers among them. Hong Kong saw the largest decline in volumes, down 1.1 million TEU over the year, dropping from fifth to seventh place in the top 120 as it posted a 56.7 per cent fall to finish the year with 19.6 million TEU throughput, prompting its major terminal operators to form an alliance to try and arrest further declines. DP World's flagship Dubai facility also saw volumes decline, by 2.7 per cent, and with an annual throughput of 14.95 million TEU, it fell out of the top 10 to eleventh place - overtaken by the northern Chinese port of Tianjin. Other ports which saw large losses included other high-profile transshipment hubs: Panama's Pacific hub of Balboa continued to see fall-out from the Panama Canal expansion as larger vessels now able to transit the canal bypassed it as volumes declined 29.3 per cent, losing around 850,000 TEU, to end the year at 2.05 million TEU; Oman's Salalah lost 560,000 TEU, representing 14.2 per cent of its previous year's volumes; Dubai rival Khor Fakkan dropped 13.8 per cent to end the year at an estimated 2 million TEU; while Gioia Tauro lost 4.9 per cent of its volume, equating to 120,000 TEU. The two largest gateway ports to see volume declines were the Iranian hub of Bandar Abbas, where new sanctions had the catastrophic effect of cutting to 600,000 TEU, or 22.4 per cent; and the UK's Felixstowe, whose well-publicised IT transformation project resulted in an estimated loss of some 360,000 TEU, representing 8.7 per cent of the previous year's total. And Felixstowe's loss was London's gain, where scores of ad hoc calls were handled and which recorded a 23.2 per cent increase in volumes to an estimated 1.7 million TEU. Three ports, Beirut, Puerto Limon and Dandong, fell out of the top 120 last year, and were replaced by Buenaventura, Lome and Jinzhou.

Shanghai Bestway Marine warns of financial risks as bank accounts frozen

PostTime:2019-03-29 08:40:00 View:123

Shanghai Bestway Marine & Energy Technology announced that the bank accounts of its subsidiary Jiangsu Dajin Heavy Industry Co., Ltd have been frozen by one of its banks due to debt issues. Furthermore another account under the name of the company had also been frozen. Minsheng Bank Shanghai branch requested the company to repay the loan of RMB150m ahead of time. The bank submitted an application to Shanghai Pudong New Area People’s Court to freeze its account as the company was unable to repay the loan. Shanghai Bestway warned that it will bring substantial impact to the company and Dajin’s normal operation. It said it was sparing no effort to reassure customers, and stabilise the staff and operations.  Due to debt issues, several creditors had applied to seize assets and freeze share equity of the company and its controlling shareholder. Currently, seven real estate properties owned by the company had been frozen, totaling in the value of RMB181.78m.  Last week, the company received notice from Shanghai No.3 Intermediate People’s Court to restructure. The company is facing the risk of bankruptcy if the restructuring process fails. Shanghai Bestway was listed in Shenzhen Stock Exchange in 2009. It is the first public company in A-share market on marine technology.  

Shanghai Shipping Exchange box index dips 0.9pc to 813.37pt

PostTime:2019-03-29 08:36:07 View:125

CHINA's containerised export volumes dipped in the week ending March 22, according to the Shanghai Shipping Exchange's average China Containerised Freight Index (CCFI), with the CCFI dipping 0.9 per cent from a week earlier to 813.37, reported Xinhua. The sub-index for West/East Africa route saw the strongest rally of 9.5 per cent week on week, while that for the Persian Gulf/Red Sea route led the fall by falling 3.9 per cent. The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes worldwide, based on data from 20 leading shipping lines. By way of comparison, the index was at 1,000 on January 1, 1998.

DNV GL opens AI research centre in Shanghai

PostTime:2019-03-20 08:39:59 View:91

DNV GL has opened an artificial intelligence (AI) research centre in Shanghai, China to seek new solutions to enhance its audit, inspection and survey services. DNV GL considers AI as a general-purpose technology that will have implications on every aspect of future operations for the classification society. DNV GL aims to develop new solutions based on AI technology, such as computer vision (whereby a computer can carry out tasks that require high levels of visual recognition), at the same time as creating future assurance schemes for the complex algorithms associated with AI. “DNV GL is continuously investing in research, development and innovation and we are directing 5% of our global revenues to this. Our ambition is to be a technology leader, exploring new solutions for the benefit of our customers. I look forward to see new projects building AI-based solutions with our customers,” said Remi Eriksen, group president and ceo at DNV GL. The AI research centre in Shanghai recognises China’s position as a world leader in the technology, and the proximity to a leading AI innovation hub will allow DNV GL to collaborate with partners at the forefront of the technology. Dr. Pierre C Sames, group technology and research director at DNV GL, commented: “Establishing a dedicated AI research centre in Shanghai enables us to engage with and benefit from leading edge AI technology developments. We also look to close cooperation with leading Chinese companies willing to implement advanced services based on AI.” The classification society is already utilising disruptive technology to challenge operations that have remained largely unchanged for decades. Read more: DNV GL launches remote surveys for all vessels The company, for example, recently undertook the first set of remote surveys whereby inspections on board ships are carried out virtually using cameras, rather than in person. Blockchain has also become an integral technology to the company’s assurance operations.

Charcoal load catches fire twice on ship from Haiphong to Shanghai

PostTime:2019-03-20 08:35:24 View:97

THE 5,700-TEU 2001-built ER Kobe that suffered a fire when three containers on deck loaded with charcoal caught fire while the boxship was heading from Haiphong to Qingdao and later became engulfed in flames again. It is believed that the fire first broke out in the containers on the upper deck on February 14. The vessel was re-directed to Hong Kong, where the fire was thought to be extinguished but restarted on February 24.  The crew were reported to have reacted quickly to bring the fire under control and all the containers were safely unloaded in Hong Kong under the close supervision of a salvage company, local authorities and fire experts. The ship then continued its journey to Qingdao, but a further three containers caught on fire while approaching the port of Shanghai. Again, the fire was extinguished by the crew, reported Kiev's Maritime Bulletin. The ER Kobe is now at the Luhuashan anchorage where all remaining 43 containers loaded with charcoal have been safely discharged. The vessel was then shifted from Yuanyuansha anchorage to Waigaqiao terminal. A detailed investigation of the cargo damage and the claims handling is ongoing. All actions are being taken in coordination with charterer, agents, P&I and port authorities. ER Kobe is expected to later continue on her way with an adjusted schedule. She is under the management of manager ER Schiffahrt GmbH & Cie KG and deployed on the ICC service on a rotation of: China, Singapore, Malaysia, India, and back to Sri Lanka.  

Shanghai Waigaoqiao Shipbuilding launches offshore engineering arm

PostTime:2019-03-11 08:55:23 View:80

Chinese state-owned Shanghai Waigaoqiao Shipbuilding (SWS) has officially launched its offshore engineering arm, Waigaoqiao Qingdong Offshore Engineering Company, located at Qidong ship industrial park, Jiangsu.  Waigaoqiao Qidong Offshore Engineering is to focus on ship equipment and non-shipbuilding businesses. The company will be the platform for SWS to develop ocean economy and marine science and technology. At the beginning of this year, SWS announced its 2019 operation plans, and emphasized that the company will strengthen the business development of commercial ships, offshore engineering and cruise ships. The main business of SWS covers design, construction and repair of marine vessels and offshore products. SWS currently owns Shanghai Waigaoqiao Shipbuilding and Offshore, and controls Shanghai Jiangnan Changxing Heavy Industry,Shanghai Waigaoqiao Shipbuilding and Offshore Engineering Design, Shanghai CSSC Marine Boiler, CSSC Shenghui Equipment, which also owns the shares of Shanghai Jiangnan Changxing Shipbuilding.

Shanghai and Ningbo team up to boost throughput to and from Yangtze

PostTime:2019-02-25 08:37:20 View:85

THE Port of Shanghai, the world's biggest container port, has announced it will cooperate with the Port of Ningbo, the world's largest port by cargo turnover, in the development, operation and management of the northern part of Xiao Yangshan port area. According to the agreement, Shanghai International Port Group (SIPG) and Zhejiang Seaport Investment & Operation Group will invest CNY5 billion (US$744.5 million) in Shanghai Shengdong International Container Terminals, a wholly-owned subsidiary of SIPG.  Following the investment, SIPG will hold 80 per cent of the joint venture with Zhejiang Seaport Group retaining the remaining 20 per cent. Up to 70 per cent of Shanghai port's throughput comes from the Yangtze River Delta region, and nearly half of the goods in Yangshan require additional transportation by water, reported the China Daily. In the operational southern side of Yangshan port, no berths are set aside for feeder vessels, which has hampered its efficiency and economic performance, said Liu Ming, a deputy general manager with a logistics company under SIPG. "Feeder ships for regional transportation have to wait for a berth to reach their destinations, which is a waste of time and money," said Zhou Dequan, a research director from the Shanghai International Shipping Institute. The northern side of Xiao Yangshan, though not as deep as the southern side, could well be developed into an international transportation hub for transition between rivers across the region, said Fang Huaijin, vice-president of Shanghai International Port Group.