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Shanghai port's news

Shanghai's first LNG-powered waste containership sets sail

PostTime:2018-01-11 08:57:53 View:20

SHANGHAI has launched its first domestic solid waste containership fuelled by liquefied natural gas (LNG). With a cargo capacity of 600 tonnes, the vessel built by Shanghai SMI Environmental Industry Co can carry up to 30 TEU. The ship is 55.6 metres long, 10 metres wide and 10 metres tall. It is deployed on the Huangpu River to carry domestic solid waste containers to waste disposal bases. Thirty-six old-fashioned waste containerships in Shanghai will gradually be replaced by this environmentally-friendly LNG ship model, reported Shanghai's Eastday.com. LNG as a ship fuel is a clean energy alternative. LNG has a higher ignition temperature than diesel and vaporises rapidly, causing no pollution to soil or water in the event of a leak.

32 missing in oil tanker and freighter collision off Shanghai

PostTime:2018-01-09 08:32:43 View:22

 AN Iranian oil tanker, the Panama-registered Sanchi, that collided with a Hong Kong-registered freighter in the East China Sea last Saturday evening was still ablaze yesterday morning, as emergency rescue teams continued to search for the missing crew, according to Reuters citing a South Korean coast guard official. The US Navy sent a military aircraft to assist with the search covering an of about 3,600 square nautical miles, but said in a statement it did not locate any of the tanker's 32 missing crew members. The Sanchi tanker run by Iran's top oil shipping operator, collided with the Hong Kong-registered CF Crystal about 160 nautical miles off China's coast near Shanghai and the mouth of the Yangtze River Delta, the Chinese Ministry of Transportation said in a statement. The tanker's 32 crew members are all Iranian nationals except for two Bangladeshi nationals, the Chinese transport ministry said. China sent four rescue ships and three cleaning boats to the site, while South Korea dispatched a ship and a helicopter. The Panama-registered tanker was sailing from Iran to South Korea, carrying 136,000 tonnes of condensate, an ultra light crude. That is equivalent to just under 1 million barrels, worth about US$60 million, based on global crude oil prices. The freight ship, which was carrying US grain, suffered limited damage and the 21 crew members, all Chinese nationals, were rescued. Thick clouds of dark smoke could be seen billowing out of the Sanchi tanker, engulfing the vessel as rescue efforts were hampered by bad weather and fire on and around the ship, Mohammad Rastad, head of Iran's Ports and Maritime Organisation, told Iranian television. The incident marked the first major maritime incident involving an Iranian tanker since the lifting of international sanctions on Iran in January 2016. Trying to contain a spill of condensate, which is extremely low in density, highly toxic and much more explosive than normal crude, may also be difficult. Shanghai Maritime Bureau's navigation department said the collision did not affect impact traffic in and out of Shanghai, one of the world's busiest and biggest ports, or ports along the Yangtze river.

Port of Shanghai again breaks world record lifting its 40 millionth TEU

PostTime:2018-01-03 08:32:04 View:25

SHANGHAI International Port Group reached a record breaking 40 millionth TEU crossing its Yangshan dock on December 29, making the city's port the first and only in the world to move that many containers in 2017. Shanghai lifted its first million TEU in 1994 and then surpassed 20 million TEU in 2006, then reaching 20 million TEU in 2010, at which time cargo throughput and container throughput ranked the first in the world, reported state-run China News Network. In 2011, Shanghai throughput exceeded 30 million TEU. Statistics show that 99 per cent of the foreign trade goods in Shanghai go in and out via Shanghai Port. On December 10, after three years of construction of the world's largest automated container terminal - Yangshan - officially opened for trial operations.  A total of seven automated container berths were constructed. The total length of the container terminal shoreline was 2,350 metres. The capacity of the design terminal was initially set at four million TEU and the future was 6.3 million TEU.

Shanghai port's November volume soars 11.8pc, rising 8.2pc in first 11 months

PostTime:2017-12-19 09:17:25 View:24

THE Port of Shanghai container throughput in November surged 11.8 per cent to 3.6 million TEU compared to the same month last year, according to the Shanghai International Port (Group) Co (SIPG). SIPG data also showed that volume increased 6.2 per cent in November compared to 3.39 million TEU posted in October this year. In the first eleven months of 2017, Shanghai Port registered a total throughput of 36.83 million TEU, an increase of 8.2 per cent year on year.

Maersk Line scraps port call to Shanghai, Shenzhen due to congestion

PostTime:2017-12-19 09:15:47 View:26

DENMARK's Maersk Line is withdrawing in December one port call to Shanghai and another to Chiwan in Shenzhen, a decision prompted by severe congestion at the mainland China ports. "Our network is constantly being reviewed for improved reliability and commercial effectiveness," American Shipper quoted Maersk as saying. "We can confirm we are currently omitting one call in Shanghai and Shenzhen, respectively. This is due to recent frequent operational omissions in these ports - with the aim of improving our schedule reliability. Maersk Line has a very comprehensive service network covering both ports and remain dedicated to serving them with fully competitive products." According to Container Management, Maersk would remove the port calls from its AE2 and AE11 services. "From December 21, AE11 will not call at Chiwan in Shenzhen and from December 22, Maersk's AE2 service will no longer call at Shanghai," the media outlet said. Maersk Line operates 30 services that call at Shanghai and 13 of its services call at Chiwan, data compiled by BlueWater Reporting shows.  

HK box volume off 1.4pc in Oct, Singapore surges 17pc and Shanghai up 5.6pc

PostTime:2017-11-17 08:39:04 View:33

HONG Kong's container volume dipped 1.4 per cent in October to 1.66 million TEU compared to 1.68 million TEU in the same month last year, according to statistics from the Hong Kong Maritime and Port Board. Most of Hong Kong's volume is from the container terminals at Kwai Tsing that handled 1.31 million boxes in October, down 0.9 per cent over the same month last year. Boxes handled by the other terminals in Hong Kong dipped 3.1 per cent to 350,000 TEU compared to 361,000 TEU in October 2016. Export container units in October were down 2.4 per cent to 689,000 TEU from 706,000 TEU in the same month in 2016. Imports totalled 620,000 TEU, 0.8 per cent higher than in October last year. It was a bumper month for the port Singapore - handling 2.96 million container units in October, a surge of 17 per cent over the same month in 2016. The world's busiest port Shanghai handled 3.3 million TEU, a year-on-year increase of 5.6 per cent.  

Shanghai box volumes up 7.7% in September

PostTime:2017-10-16 08:44:51 View:26

The Chinese port of Shanghai has handled more containers in September compared to the year-ago period, but volumes fell on a month-on-month comparison, according to statistics from Shanghai International Port (Group) Co (SIPG). In September, Shanghai port moved box volumes of 3.37m teu, up 7.7% compared to 3.13m teu in the same month of last year, data from SIPG showed. Last month’s throughput, however, dipped by 2.6% compared to 3.46m teu recorded in August this year. In the first nine months of 2017, Shanghai port registered a total throughput of 28.87m teu, an increase of 4.6% compared to 27.6m teu posted in the previous corresponding period.

Tsuneishi Shipbuilding opens Shanghai office

PostTime:2017-09-21 08:44:15 View:33

Japan’s Tsuneshi Shipbuilding announced on Tuesday that it has established a representative office in Shanghai, China in a move to strengthen working relationships with Chinese shipowners. Tsuneishi Shipbuilding said the new Shanghai office is an expansion of its operations in China where the group already operates Tsuneishi Group (Zhoushan) Shipbuilding in Zhoushan city in Zhejiang province. “Chinese shipowners are progressing rapidly as the Chinese government advocates the Belt and Road initiative with the target of becoming a maritime trade superpower,” Tsuneishi Shipbuilding stated. “The objective of the Shanghai office is to strengthen relationships with these shipowners by regularly calling on them and conducting market research, thereby gathering information on a timely basis for more effective and efficient business expansion,” it added.

Beijing approves OOIL sale to Cosco with Shanghai Port owning 9.9pc

PostTime:2017-09-11 08:08:50 View:54

CHINA Cosco Shipping's purchase Hong Kong's Orient Overseas International Ltd (OOIL), parent of Orient Overseas Container Line (OOCL), was approved this week by the regulating State-owned Assets Supervision and Administration Commission, it was announced. OOIL stated that the Chinese state-run buyer received clearance from the commission to move forward with the sale. After finalisation, Cosco will own 90.1 per cent of OOIL, while Shanghai International Port Group will hold 9.9 per cent. Cosco is now the fifth biggest container carrier in the world in terms of operating fleet capacity, while OOCL clocks in at seventh place, according to ocean carrier schedule and capacity database BlueWater Reporting's Carrier Ranking tool.  Based on present figures, the combined entity would operate vessels with an aggregate capacity of 2.19 million TEU, making it the world's third largest ocean carrier.

Shanghai-Yangshan to be world's most automated port in December

PostTime:2017-09-06 08:21:29 View:59

SHANGHAI's Yangshan Deep Water Port will start operating seven new berths from December 10, boosting the harbour's annual handling capacity to 40 million containers. As many as 130 automated guided vehicles (AGVs) will be deployed at the port, the largest number of automatons installed in any container terminals worldwide, reports Hong Kong's South China Morning Post. The seven new berths of the CNY12.8 billion (US$1.95 billion) fourth phase of the port will boost the total capacity 11 per cent, or by four million TEU, eventually expanding to 6.3 million TEU a year.  A press officer said the harbour is equipped with some of the most advanced cranes, lifts and carriers with the latest technology in loading, discharging and transshipping cargo quickly and safely.   

Shanghai Stock Exchange wants more clarity on Cosco Shipping-OOIL deal

PostTime:2017-07-20 11:38:10 View:64

The Shanghai Stock Exchange (SSE) has asked Cosco Shipping Holdings to provide further details on its recently announced offer to takeover Orient Overseas (International) Limited (OOIL), including a clarification on the listing status of OOIL on the Hong Kong Stock Exchange (HKSE). On 9 July, China Cosco Shipping Corp (Cosco Shipping), parent of the Shanghai-listed Cosco Shipping Holdings, tabled a $6.3bn offer to acquire 429,950,088 OOIL shares representing 68.7% of issued share capital, with Cosco Shipping assuming 58.8% and Shanghai Port International Group (SIPG) taking the remaining 9.9% stake. The remaining 31.3% of shares will be validly tendered for acceptance by Cosco Shipping under the offer. While Cosco Shipping mentioned that it intends to maintain the listing of OOIL shares on Hong Kong, there is a possibility that the public will hold less than 25% of the shares. This prompted the SSE to raise a point that the less than 25% public ownership of OOIL shares “may not fulfil the listing requirements on HKSE”, requiring Cosco Shipping to provide clarifications. With the offer for each OOIL share at a premium of approximately 55.2% over its average closing price of HKD50.69 for the 30 trading days immediately prior to 6 July 2017, the offer is deemed attractive enough to entice possibly many shareholders to accept the offer and thus dilute the public ownership to less than 25%. Another point raised is that with Cosco Shipping mentioning that the takeover deal is subject to antitrust approval from authorities including those in the US and EU, the SSE questioned if the deal may still fall through and the impact and risk associated with a failed takeover. The Shanghai stock exchange also asked Cosco Shipping to include comments from financial advisors and accountants on how the $6.3bn offer has been arrived. Other clarifications raised by the stock exchange include a need to reveal the names of all external financial creditors and adjustments to their loan arrangements, if applicable, and the potential impact if the creditors demand for early repayment of their loans.  

Three Belt and Road indices are launched by Shanghai Shipping Exchange

PostTime:2017-07-17 16:43:09 View:60

THE Shanghai Shipping Exchange (SSE) has launched a Belt and Road trade index, a Belt and Road freight volume index, and a Maritime Silk Road freight index, to track freight trade data generated by the countries involved in the massive transport infrastructure development initiative. Tom Miller, author of the just published, China's Asian Dream: Empire Building along the New Silk Road, believes shipping will benefit enormously from the One Belt One Road initiative (OBOR) despite increased spending on rail freight infrastructure, reported Splash 24/7. "I don't see a big shift to overland freight," said Mr Miller. "Conventional shipping is cheaper and most consumer goods do not need to be delivered in two weeks. The volumes will grow as more rail routes and services are added, but it's not realistic to expect overland freight to account for more than few per cent of overall freight volumes." Chairman of BW Group Andreas Sohmen-Pao agrees the OBOR project will be a massive boon for shipping. Speaking at a seminar at Nor-Shipping in Oslo last month, Mr Sohmen-Pao said OBOR covers an area that constitutes two-thirds of the world's population and one-third of world GDP. The BW chairman said that in the last two years China had signed 26 trade agreements, creating 56 new economic trading zones in 21 nations, and predicts the figures will double within a couple of years.