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Guangzhou port's news

Guangzhou Port Group to expand offices into Europe

PostTime:2017-01-23 12:06:37 View:78

GUANGZHOU Port Group is extending its network of offices into Europe through its partnership with Guangzhou Port (Europe) B V that follows the launch of its partnership with Guangzhou Port America LLC one year ago. "We've been fast growing since the opening of port of Nansha which benefited clients particularly in west Pearl River Delta," said vice president of Guangzhou Port Group, Song Xiaoming. "Our new partnership refers to success last year in the US. We would like to achieve that success also in Europe and to benefit more of the deepsea East-West routes." CEO Johannes Nanninga, Guangzhou Port (Europe), highlights that the group's portfolio of terminals in the Pearl River Delta offers competitive solutions for suppliers and cargo owners who run supply chains in southern and western China. The expansion of Nansha port was completed earlier in the year so all three terminals are now fully operational with extra berths and yard capacity. They are all deepwater berths, enabling the port of Nansha to work over 15 mega vessels this year. Guangzhou Ports is ranked among the top ten busiest container ports worldwide, with the port of Nansha alone handling 11 million TEU on a yearly basis, a group statement said.

Guangzhou Wenchong Shipyard lands feeder boxship orders

PostTime:2016-06-06 08:32:40 View:144

Guangzhou Wenchong Shipyard has landed an order to build four feeder container vessels for US-based Tropical Shipping. The four newbuildings include two 1,100 teu capacity vessels and two 300 teu capacity vessels. Financial details and vessel delivery dates were not disclosed. The Chinese shipyard, subsidiary of China State Shipbuilding Corp (CSSC), said the order would help reinforce the company’s presence in the US market.

MTR's Hong Kong-Guangzhou express rail link approved over protests

PostTime:2016-03-15 08:25:55 View:124

THE Hong Kong Government has approved funding needed for a high-speed rail link to China, giving the green light for MTR Corp to resume building HK$84.4 billion (US$11 billion) project.  Approval was granted after the acting chairman for the finance committee Chan Kam-lam called for a vote amid protests by some lawmakers. At the briefing to announce the decision, Mr Chan was heckled by those who opposed the project.  MTR, three-quarters owned by the government, has been criticised for budget overruns and missed completion targets on the project to connect Hong Kong to Shenzhen and Guangzhou in southern China.  Some lawmakers have called for the link to be scrapped amid repeated delays and escalating costs that swelled to HK$84.4 billion from an earlier estimated HK$65 billion. "As of today, over 77 per cent of the project has been completed," said MTR chief executive Lincoln Leong. "We are confident about the current cost valuation and timetable of the project to be met." Opposition to the link has been brewing since 2009 and has gained in intensity with the emergence of the "localist" movement, which opposes what it sees as encroachment on the local way of life by the Chinese governing and business elites.

Guangzhou Port, Svitzer sign agreement to form joint venture

PostTime:2016-02-01 12:00:09 View:135

Guangzhou Port Group and Svitzer have inked a memorandum of understanding to set up a joint venture providing towage and related marine services at the southeastern Chinese port. The joint venture is expected to offer towage and related marine services within Guangzhou port with three tugs ranging from 5,200 horsepower to 6,800 horsepower. “Signing an MOU with the intention of forming a joint venture is an important step towards providing advanced towage solutions at Guangzhou port. With out increasing business development focus on the large and fast growing towage markets like Asia, it is clearly a step in the right direction towards our strategic objective of profitable growth,” said Kasper Friis Nilaus, chief commercial officer of Svitzer. Guangzhou port is the world’s fifth largest port with more than 100 vessel calls a day and a large towage market.

Guangzhou Hangtong shipyard bags order to build two oil tankers

PostTime:2016-01-21 08:26:02 View:121

China’s Guangzhou Hangtong Shipbuilding and Shipping Co has bagged an order to build two 78,000 dwt oil tankers for a domestic shipowner. The brief statement put up by the shipbuilder neither discloses the shipbuilding contract price nor the newbuilding delivery dates. Hantong said the latest contract is the company’s first order for 2016. The new ships will mainly be used to transport asphalt and petroleum products.

US$427 million Guangzhou port channel expansion gets go-ahead

PostTime:2016-01-06 08:28:31 View:144

THE planned CNY2.77 billion (US$427 million) deep water channel expansion project for Guangzhou port has gained the approval of China's state planner. The National Development and Reform Commission (NDRC) said the expansion works would help Guangzhou Port cope with rising ship traffic and support the development of the Pearl River Delta region, reported Reuters.

Guangzhou Wenchong wins twin boxship order from Lomar Shipping

PostTime:2015-11-09 08:26:09 View:131

China’s Guangzhou Wenchong Shipyard has secured an order for two 2,700 teu container vessels from London-based Lomar Shipping, with an option for an additional two vessels. Financial details of the deal and delivery dates of the newbuildings were not disclosed. Lomar Shipping, subsidiary of Libra Group, had earlier ordered six 2,200 teu container vessels at Guangzhou Wenchong, subsidiary of China State Shipbuilding Corporation (CSSC). The Chinese yard said the newbuildings will be designed by CSSC’s 708 Research Institute. “Under current adverse market conditions, the company has still been able to win orders and at the same time continue to enhance our product offering in container vessels. We also expect to raise our global competitiveness,” Guangzhou Wenchong announced on its website.

Lomar Shipping puts in twin boxship order with Guangzhou Wenchong

PostTime:2015-11-09 08:23:34 View:156

LONDON-based Lomar Shipping has placed an order for two 2,700 TEU container vessels and an option for an additional two vessels with China's Guangzhou Wenchong Shipyard. Lomar Shipping, subsidiary of Libra Group, had earlier ordered six 2,200 TEU container vessels at Guangzhou Wenchong, subsidiary of China State Shipbuilding Corporation (CSSC). Financial details and delivery dates of the newbuildings were not disclosed.  The Chinese yard said the newbuildings will be designed by CSSC's 708 Research Institute, the Seatrade Maritime News reported. "Under current adverse market conditions, the company has still been able to win orders and at the same time continue to enhance our product offering in container vessels. We also expect to raise our global competitiveness," Guangzhou Wenchong said on its website.    

Ports of Los Angeles, Auckland, Guangzhou form alliance

PostTime:2015-06-15 08:12:11 View:195

The port of Los Angeles, Auckland and Guangzhou have signed a memorandum of understanding for increased cooperation to fuel economic development and job growth. The memorandum of understanding establishes the Tripartite Ports Alliance among the ports of the three countries – US, New Zealand and China. “The port of Los Angeles looks forward to collaborating with the ports of Auckland and Guangzhou on a series of initiatives, including promoting commercial and business opportunities as well as sharing innovative best practices,” said ambassador Vilma Martinez, Los Angeles harbor commission president. Los Angeles, Guangzhou and Auckland are sister cities and strategic trading partners that share similar economic goals. The newly formed alliance provides a platform for growing trilateral cooperation to foster trade, innovation and investment opportunities between the public and private sectors of the three regions. Objectives within the memorandum of understanding include sharing of best practices and expertise; strengthened communication and collaboration on investments, technologies and environmental policies; and working together to enhance capabilities of each port in order to boost their respective regional economies.  

Guangzhou to dredge 70-kilometre ship channel from Nansha

PostTime:2015-05-29 08:18:14 View:201

THE Guangzhou Port Group plans to dredge a 70-kilometre navigation channel from Nansha to the deepwater west of Aizhou Island, covering the Koumen channel, the Dahao channel and the Linding channel.  The plan is to have a navigation channel 380 metres wide and 17 metres deep fit to handle two-way traffic of 18,000-TEU ships. A total of 65.2 million cubic metres of soil will be dredged, part of which will be unloaded at the temporary ocean deposit area while another part will be reclaimed to Longxue Island. The total investment of the project will be US$474 million, $5 million of which will be for environmental protection, representing 1.03 per cent of the total. Currently, Guangzhou can handle one-way navigation of 8,000-TEU ships or 120,000 dwt bulk carriers at high tide, as well as two-way navigation of 4,000-TEU ships at low tide.  However, ships more than 50,000 dwt can only navigate one way in the channel from the Nansha port area to the Pearl River estuary. Last year, Guangzhou port handled 16.6 million TEU, up 7.1 per cent compared to the previous year, the fifth busiest China container port. Container traffic in the first four months of the year rose seven per cent year on year to nearly 5.3 million TEU. 

Guangzhou Shipyard posts bigger losses in Q1

PostTime:2015-04-30 08:12:18 View:209

Guangzhou Shipyard International (GSI) has reported a wider loss in the first quarter over the year-ago period. In the quarter ended 31 March 2015, GSI posted a loss of RMB203.68m ($32.84m) compared to a loss of RMB166.69m in the same period of last year. The three-month revenue went up slightly to RMB3.93bn compared to RMB3.42bn in the previous corresponding period. GSI, which completed its restructuring, will change its name to CSSC Offshore & Marine Engineering. State-owned China State Shipbuilding Corp (CSSC) had injected three yards into GSI last year as part of the restructuring process, putting Huangpu Wenchong Shipbuilding, Yangzhou Kejin and Longxue Shipyard now in its fold. The Hong Kong-listed company, moving forward, will focus on handymax tankers as well as military and auxiliary vessels.

Guangzhou Shipyard changes name to reflect new structure

PostTime:2015-03-20 08:34:25 View:203

Hong Kong and Shanghai-listed Guangzhou Shipyard International (GSI), fresh from its restructuring and rehabilitation is moving forward and will change its name to CSSC Offshore & Marine Engineering to reflect this, the company said. After its state-owned major shipbuilder parent China State Shipbuilding Corp (CSSC) injected three yards into the company last year, the company now has a focus on handymax tankers as well as military and auxiliary vessels. With Huangpu Wenchong Shipbuilding, Yangzhou Kejin and Longxue Shipyard now in its fold, the company could next see more CSSC yards in the Southern part of China being put under its charge. These may include well-known yards such as Xijiang Shipbuilding, Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding.