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Shanghai port's news

New project to develop blockchain for ports of Shanghai and Guangdong

PostTime:2018-09-30 09:07:57 View:16

Technology company Ideanomics signed a Joint Venture (JV) for Exclusive APEC Model E-port Network (APMEN), APEC's online port clearance system, across Asia-Pacific with APMEN Trade Tech. The JV will design an electronic port clearance system based on blockchain. The project will launch the first phase of the operations in two of the biggest ports: Shanghai and Guangdong, which account for nearly half of China's import and export and then it will expand into other APEC countries' ports. The JV aims to improve the electronic ports (e-ports) system with AI and blockchain solutions to extend its existing service from port to port, and warehouse to warehouse. The full implementation of connecting e-ports across the region can save up to half of supply financing cost which is currently 16% -25% in China. The total value of import and export goods of Shanghai and Guangdong ports is combined is 10.5 Trillion yuan ($1.532 trillion), up by 13%.

Shanghai steel rebar rises on Chinese infrastructure push

PostTime:2018-09-20 10:39:50 View:22

Prices for Chinese construction steel rebar rose on Wednesday and were on track for their best one-day performance in over a week, buoyed as the government said it would boost spending on infrastructure. The National Development and Reform Commission (NDRC), the top state planner in the country, said in a news briefing on Tuesday that China would ramp up investment in infrastructure, as well as in agriculture, poverty alleviation and environmental protection. It also said it would speed up construction on infrastructure projects that have already been approved. “(The NDRC statement) helped to shore up the confidence of investors towards steel-demand in the long-term and drove up steel prices,” analysts at CITIC Futures said in a note in Mandarin. Steel consumption from infrastructure projects accounted for nearly 20 percent of total usage of the commodity last year. However, worries over the latest escalation in the tit-for-tat trade dispute between Washington and Beijing could drag on the market. Beijing on Tuesday quickly added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods. The most-active rebar contract on the Shanghai Futures Exchange climbed 1.1 percent to 4,177 yuan ($608.71) a tonne, on course for its biggest one-day gain since Sept. 10. Prices of steelmaking raw materials also rose. Dalian iron ore futures had advanced 1.3 percent to 510 yuan a tonne by 0147 GMT. The most-traded coking coal futures edged up 0.4 percent to 1,298 yuan a tonne, while the coke contract for January delivery rose 1.9 percent to 2,321.5 yuan.

Shanghai Changjiang Shipping orders feeder from China's Jiangdong yard

PostTime:2018-09-17 08:37:49 View:28

SHANGHAI Changjiang Shipping, a subsidiary of Sinotrans & CSC, has ordered one 1,140-TEU feeder vessel from Wuhu Jiangdong Shipyard. The vessel is slated for delivery in 2020. The shipping line mainly operates domestic river and coastal shipping services with a fleet eight vessels. The order is the second feeder boxship contract secured by Jiangdong Shipyard in the past two weeks, after Wuhan Xingang Datong Shipping ordered two 500-TEU ships from the yard, reported Splash 24/7.

Shanghai rates rising, but is it panic buying ahead of China trade war?

PostTime:2018-08-07 09:03:44 View:32

THE container shipping world has been cheered by rising spot rates on Shanghai Containerised Freight Index (SCFI) and is now looking forward to a profitable peak season, reports London's Loadstar. The index, which collates rates quoted, shows trade between Asia and the US west coast will see rates rise 10.5 per cent, to US$2,074 per FEU as the peak season gets under way. Good news for carriers comes from the Asia-US east coast with rates rising 8.9 per cent to reach $3,099 per FEU and analysts predicting a year-on-year improvements, noting that 12 months ago rates started to decline. "We expect 2018 will avoid this trend, and that transpac rates over peak season will be around 10-15 per cent above 2017 levels, and Asia-Europe around five per cent," said Maritime Strategies International analyst Daniel Richards. Casting a pall on the happy news is the threat of a Sino-American trade war, with another round of tariffs. "Early indications from US ports and bills of lading processing suggest that June import volumes surged, perhaps suggesting 'panic-buying' as the trade war scenario worsened," said Mr Richards. "While the noise around the imposition of trade tariffs focuses on the mainlane trades, their potential impact will be felt more widely. It now seems unavoidable that the US and China will levy tariffs on the large part, and quite possibly all, of their bilateral trade flows. "The largest effects will be felt on the eastbound transpacific, but the key area to watch is how far tariffs on US imports risk disrupting complex cross-border supply-chains which feed into finished products, and which are especially key to the high density of regional and feeder services in the intra-Asia market," he said. Shanghai rates now have the Far East-North Europe run adding one per cent to $935 per TEU, while the Shanghai-Mediterranean leg declined 1.3 per cent to $881 per TEU.    

Shanghai shipyard starts building world's biggest box ships

PostTime:2018-08-03 09:47:24 View:44

CONSTRUCTION of two of the world's largest containerships with a capacity of 22,000 TEU has commenced. The ships are being built by Shanghai-based Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding and are scheduled for delivery in 2019. The two ships are part of a deal for nine 22,000 TEU vessels signed by French shipping line CMA CGM and China State Shipbuilding Corporation (CSSC) in September 2017, reports Hellenic Shipping News Worldwide, Piraeus, Greece. Each vessel measures 400 metres in length, 61.3 metres in breadth and 33.5 metres in depth and has a deadweight of 220,000 DWT. They can hold 2,200 four-foot refrigerated containers, accounting for one-fifth of the entire carrying capacity. The ships are also the world's first giant containerships powered by liquefied natural gas. Compared to ships using heavy fuel oil, ship engines using LNG emit up to 25 per cent less CO2, 99 per cent less sulphur

Newport Shipping expands with new offices in Athens, New York, Shanghai

PostTime:2018-06-05 08:53:08 View:44

Newport Shipping Group has opened new offices in Athens, New York, and Shanghai as part of the company’s “near customer, near market” efforts, expanding its presence in key ship owning and ship repair communities around the world. The London-headquartered company has existing offices in Istanbul and Singapore. A key aspect of the group’s expansion is to ensure that shipowners with operations in all the major maritime hubs have easy access to its unique ship repair and financing capabilities. Speaking during Posidonia, the world's most prestigious shipping trade event, in Athens, the home of the one of the biggest ship owning communities, ceo Erol Sarikaya said: “The shipping industry requires global capabilities and is dependent on personal relationships. Having offices in key maritime locations means we have local people, with local knowledge on the ground in daily contact with ship owners and shipyards. We have excellent teams in place in each market we serve.” The Athens, Istanbul, Shanghai, and Singapore offices are focused on customers’ ship repair and technical needs while New York and the London headquarters manage Newport’s corporate and international operations. Commenting on the ship repair market, Sarikaya said: “The industry is undergoing tremendous change. The introduction of mandatory requirements to reduce shipping’s impact on the environment, in particular, will have a significant material impact on most ship owners.  “While the larger players are likely to have capital in place for retrofitting ballast water treatment systems, scrubbers and other compliant systems, or to invest in newbuilds, the reality is that ship owners with smaller, older fleets – those that make up the majority of the world fleet – will benefit greatly by minimizing working capital costs in an already capital-intensive industry. “We can support these small to medium-sized operators by financing their retrofits, while they benefit further from the opportunities presented through our cooperation shipyards within the lower cost regions of the Pacific/Atlantic trading zones.” Sarikaya added: “With offices in strategic shipping locations around the world, together with ship repair facilities in China, Turkey, Indonesia and Singapore, all shipowners, big or small, now have comprehensive servicing and financing options available to them for their drydocking and equipment retrofits. We cooperate with highly-skilled and cost-competitive shipyards that can serve owners globally.” Newport Shipping plans to open offices in other locations and announce new cooperation agreements in coming months.

Shanghai Stock Exchange seeks more details over Ningbo Marine restructuring

PostTime:2018-05-11 08:01:38 View:57

SHANGHAI Stock Exchange (SSE) has written to dry bulk shipping operator Ningbo Marine, requesting explanations on several issues regarding the company's restructuring plan to acquire all the shipping assets from its parent Zhejiang Energy Group. SSE has noticed that the valuation price of Fuxing Shipping, a shipping unit of Zhejiang Energy Group, has increased by 164.69 per cent over a one-month period, Singapore's Splash 247 reported. Additionally, SSE also questioned some of the financial results of Ningbo Jianghai Transportation, another shipping unit of Zhejiang Energy Shipping. Ningbo Marine must reply to SSE by a deadline of May 11. Ningbo Marine started a similar restructuring move in 2016 but the plan was eventually rejected by the China Securities Regulatory Commission, which claimed the restructuring violated back-door listing rules. Ningbo Marine currently operates a fleet of 26 bulk carriers, and it also has three 1,000 TEU feedermax boxships under construction at Taizhou Kouan Shipbuilding.

Intellian opens up in Shanghai

PostTime:2018-04-20 08:14:49 View:79

Satellite communication antenna provider Intellian has opened up an office in Shanghai to be close to one of the world's largest shipbuilding markets. The full-scale operating subsidiary in Shanghai is designed to keep pace with Intellian's growing customer base in China and improve response times. Intellian noted that China was home to three of the 10 largest shipbuilders in the world and Shanghai was headquarters to many large ship management companies, including Cosco. With the new office Intellian hopes to reduce delivery times with in the past it taking three weeks for new products to be transported to China, including time spent at customs. The company hopes to reduce the time for customers to receive products to between two to five days. Eric Sung, ceo of Intellian, said, “China is a core region of the maritime industry and a market with great potential. Intellian expects to provide unique value to the maritime communication service market and to reach more customers by establishing Intellian China.” Intellian operates 10 offices worldwide including in the US, UK, Singapore and the Netherlands. Learn more about Smart Shipping at Seatrade Maritime Middle East

UK's Felixstowe port takes delivery of remote STS cranes from ZPMC in Shanghai

PostTime:2018-04-16 08:07:06 View:35

HUTCHISON Port Holding's, and UK's largest container port, Felixstowe, has taken delivery of its first two remote control ship-to-shore (STS) gantry cranes from ZPMC in Shanghai. The new cranes raise the total number of STS cranes at the port to 33. The new cranes are capable of working vessels with containers stowed 11-high and 24-wide on deck, Port Technology reported. The drivers will be located in a nearby operations centre. In addition to the new cranes, the port is creating an extra 18,000 TEU of container storage capacity, upgrading its terminal operating system, raising the height of 10 ship-to-shore cranes on Trinity Terminal and has eight more yard cranes on order for delivery in early 2019. Commenting on the new cranes, port of Felixstowe CEO Clemence Cheng said: "These new cranes are the latest acquisition in our ongoing investment programme to provide the best equipment, infrastructure and systems for our customers. "They will further enhance our capability to work multiple mega vessels simultaneously."

APL launches premium Shanghai-LA service to help airfreight shippers

PostTime:2018-03-07 08:33:58 View:78

SINGAPORE's APL, now unit of French shipping giant CMA CGM, is to target space-constrained airfreight shippers on the busy China-US route with its 11-day trans-Pacific ocean freight service between Shanghai and Los Angeles that will be launched in June. The premium service is an extension of the Eagle suite of time-definite and guaranteed offerings by the carrier, IHS Media reported quoting APL's chief executive officer Nicolas Sartini. "It will not be big ships. We will carry 2,000 TEU on this premium service and address a specific type of customer that wants speed to market and to get his goods on the shelf," Mr Sartini said on the sidelines of the TPM 2018 conference. He said the premium service that was launched in 2017 has proved to be popular with shippers of apparel, garments and electronics, commodities that would often be transported by as air freight. Following the heavily trafficked November-December peak season, there is concern that finding airfreight space will be an area of continuing frustration for shippers in 2018. In 2017, rising volume through most of the year placed available capacity under pressure, creating lengthy delays and pushing air cargo rates up to unprecedented levels. "So we came up with the super fast service to LA," Mr Sartini said. "We wanted cargo to be available the following morning. Ships arrive on Tuesday morning and spend the day discharging the containers. Then at 6pm the containers are taken to the depot outside the port so the customer does not need to pay the PierPass charge, and from 6am the container is on the chassis and ready to be picked up." "By doing that, the cargo can be ready on Wednesday afternoon, which is a total of 12 days. With airfreight, the flight is only one day but it takes four to five days to bring the cargo to the airport and then pick it up from the airport on the other side. So we have 5-days by air, and 12-days by sea. Our fare is higher than the other port pairs on the trans-Pacific, but it is much lower than air freight." While the premium service is being positioned to compete with Shanghai-Los Angeles air freight, Mr Sartini said not all the cargo on the ship would be poached from air. "Some will come from ocean freight because there are customers that are really concerned about speed to market and are ready to pay a premium for this type of service. Other cargo will come from customers that are supporting us today and would like an even faster solution," he said.

Shanghai's first LNG-powered waste containership sets sail

PostTime:2018-01-11 08:57:53 View:91

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:99

 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.