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

PostTime:2018-11-15 08:34:48 View:9

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:8

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:291

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:440

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:379

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:508

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:568

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.  

Cosco Shipping’s LNG vessel owning unit inks $112m loan from BoCom HK

PostTime:2017-09-13 08:24:33 View:307

Cosco Shipping Development Co’s (CSDC) vessel owning subsidiary Oriental Fleet LNG 01 Limited has secured $112m of loans from Bank of Communications Hong Kong Branch (BoCom HK). Oriental Fleet LNG 01 owns the 2014-built, 160,000 cu m LNG carrier Golar Crystal that it purchased at a price of $187m from Golar LNG unit Golar Hull in March this year and leased back to Golar Hull for 10 years. CSDC said the BoCom HK loan will be for a period of 10 years and the funds will be used for general working capital and business expansion.

Shanghai port moves higher container volumes in August

PostTime:2017-09-13 08:21:47 View:713

China’s Shanghai port has moved higher container volumes in August compared to the same month of last year, according to figures released by Shanghai International Port (Group) Co (SIPG). In August, the Chinese port of Shanghai registered throughput of 3.46m teu, an increase of 4.5% compared to 3.31m teu recorded in the same month of 2016, data from SIPG showed. Last month’s volumes were relatively stable compared to 3.44m teu seen in July this year. In the first eight months of 2017, Shanghai port posted a total throughput of 25.5m teu, representing a hike of 4.2% compared to 24.47m teu handled in the previous corresponding period.  

Shanghai port moves higher volumes in June

PostTime:2017-07-13 08:44:15 View:286

China’s Shanghai port has handled higher container volumes in June compared to the year-ago period, according to figures released by Shanghai International Port (Group) Co (SIPG). Last month, the world’s busiest port moved 3.4m teu of containers, an increase of 8.3% compared to 3.14m teu recorded in June 2016, SIPG figures showed. On a month-on-month comparison, volumes were down by 4% from 3.54m teu in May this year. From January to June 2017, Shanghai port posted a total throughput of 19.6m teu, a hike of 9.6% compared to 17.89m teu seen in the same period of last year.

Shanghai port container volumes gain 14.6% in May

PostTime:2017-06-20 08:34:58 View:262

China’s Shanghai port, the world’s busiest container port, has registered higher box volumes in May, according to statistics from Shanghai International Port (Group) Co (SIPG). Last month the Chinese port handled throughput of 3.54m teu, representing a 14.6% increase compared to 3.09m teu recorded in the same period of 2016, SIPG data showed. Box volumes in May also rose by 7.9% compared to 3.28m teu seen in April this year. From January to May 2017, Shanghai port posted a total throughput of 16.21m teu, up 9.9% compared to 14.75m teu in the previous corresponding period.

Shanghai Shipyard lands order to build two bulk carriers

PostTime:2017-06-01 08:35:30 View:340

Shanghai Shipyard, subsidiary of China State Shipbuilding Corp (CSSC), has clinched an order to build a pair of 100,800 dwt dry bulk carriers for Estonia’s Platano Eesti. The shipbuilding contract comes with an option for one more similar vessel, the local media reported. Financial details of the deal and the delivery dates were not disclosed. The new bulkers will be designed by Shanghai Merchant Ship Design and Research Institute (Sdari) and classed by Lloyd’s Register (LR).