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Shanghai International Shipping Institute sees mixed market in 2013

PostTime:2012-12-28 08:31:53 View:813

SHANGHAI International Shipping Institute's (SISI) latest report points out that in 2013, the dry bulk and container shipping market will stay bleak as capacity continues to outstrip volume while oil tanker business will see a moderate recovery, Xinhua reports. The report says, the dry bulk market is at an historical low in 2012 with a year-on-year plunge of 40 per cent in the Baltic Dry Index (BDI). But a weak growth will be seen in 2013 as world's economy turns better. Stimulated by America's third quarter and China's launch of series of major infrastructure projects, the world's ore trade volume is expected to climb four per cent to 1.15 billion tonnes. However, capacity will continue to grow, which hinders market recovery, it said. The China Containerised Freight Index (CCFI) has increased 18.44 per cent year on year to 1,174 points as of the end of November. In 2013, SISI estimated that container shipping volume will increase 6.65 per cent against a capacity growth of 7.45 per cent. Capacity growth on the three major trade lanes will slow down. CCFI is predicted to be remaining at 1,100 points. As for the tanker business, which has been stagnant for the last four years, it is predicted to see some growth in 2013 as Drewry expects that the demand for petroleum will have a 1.28 per cent growth. As of the end of November, the price index of crude oil has fallen 8.15 per cent to 710 points. Product oil price index dropped 12.46 per cent to 632 points.

Bimco to open centre in Shanghai

PostTime:2012-12-20 08:15:47 View:518

  Shanghai: Signalling the importance of the Chinese shipping industry, BIMCO will open a Shanghai Centre on 25 February, in conjunction with its Senior Leadership Forum.The forum is being held to further stimulate a mutually beneficial dialogue with the Chinese shipping community. Wei Zhuang, who has been with the BIMCO Secretariat in Copenhagen for some years, has been promoted to head the new centre. Its physical presence in China will enhance communication with its Chinese members and other stakeholders and facilitate timely access to the association's services, including advice on a wide spectrum of issues including operational, legal, technical, security and educational  information, BIMCO said.    

BIMCO Shanghai Centre to open in February under Wei Zhuang

PostTime:2012-12-19 08:33:57 View:881

SHIPPING association, the Copenhagen-based Baltic and International Maritime Council (BIMCO), is to open its Shanghai Centre office on the February 25 next year, in conjunction with its Senior Leadership Forum, which is being held to further stimulate a mutually beneficial dialogue with the Chinese shipping community. Wei Zhuang, who has been with the BIMCO Secretariat in Copenhagen for some years, has been promoted to head the new BIMCO Shanghai Centre. Its physical presence in China will enhance communication with its Chinese members and other stakeholders and facilitate timely access to the association's services, including advice on a wide spectrum of issues including operational, legal, technical, security and educational information. Commenting on the conference, the president of BIMCO, Yudhishthir Khatau, said: "The close and friendly relationship that has existed for many years between the Chinese shipping community and BIMCO, has led us to believe that it would be mutually beneficial to have an exchange of views between us in the form of a Senior Leadership Forum. "The forum aims to provide a platform for a positive exchange on China's role in the international shipping, not only as a major ship-owning nation but also as a major charterer and what perceived role BIMCO might play in furthering the well-being of Chinese shipping." Torben Skaanild, secretary general and CEO of BIMCO said: "The establishment of BIMCO Shanghai Centre is a milestone for BIMCO, but a natural development considering the growth in Chinese shipping and the close ties that have existed between the Chinese shipping community and BIMCO for many years."

Shanghai to build 4 con-ro ships with stowage design to minimise ballast

PostTime:2012-12-13 08:36:29 View:777

FOUR Atlantic Container Line (ACL) 3,800-TEU, 45,000-ton ro-ro/container vessels, or "con-ros", each with 28,900 square metres of ro-ro space are to be built in a Shanghai yard to replace five older ships plying the north Atlantic. Key design features involve cutting the high ballast requirement of con-ro and ro-ro ships. Containers are stacked on the weather deck while ro-ro is stowed below. Because of vacant space on ro-ro areas, heavier cargo rides high in a conventional con-ro ships, necessitating a large amount of ballast water. But a new Danish design calls for placing ro-ro amidships, and loading containers in cells fore and aft, resulting in better use of the hull and deploying cargo weight to minimise ballast water. ACL's weekly fixed-day north Atlantic schedule connects Hamburg, Gothenburg, Antwerp and Liverpool with Halifax, New York, Baltimore and Norfolk. The new G4 ships may bring changes to the rotation, and options are under study to drop one or two ports and take in a southern US terminal. To be built at Shanghai's Hudong-Zhonghua Shipbuilding yards, the G4 ships will be larger and slightly faster at 18 knots, yet more fuel efficient and more environmentally compliant than their G3 predecessors, reports Motor Ship of Fareham, near Portsmouth, England. The new G4s will be 296 metres long and 37 metres abeam, compared to the narrower panamax gauge used for the older G3s, which are 292 metres long and 32 metres abeam. The wider beam enhances stability as well as increasing cargo space, said the report. Hoistable ro-ro decks allow for 760 ro-ro units and 1,307 cars, and 3,800 TEU within a lattice of cell guides not only in the holds but also on deck, embracing a partial "open-top" layout. Overall stack heights, from tanktop to uppermost tier on deck, will be greater on the G4s as will car deck headroom. The bridge and accommodation will stand amidships, rather than aft as on the G3s. The G4s will supersede the G3s of five Swedish-flagged ships that have been in service since 1984 and 1985. As with the G3s, a single, two-stroke engine, direct-drive propulsion system will be in the newbuilds. Motor Ship understands that the power may be in the order of 22,000kW, corresponding to about 29,500bhp. The main engine in each of the G3s is a B&W (now MAN) 6L90GBE six-cylinder diesel developing an MCR of 23,800bhp (some 17,750kW) at 97rpm.

Shanghai container volumes rise in November

PostTime:2012-12-13 08:18:00 View:600

  Shanghai: Shanghai, the world's busiest container port, posted strong box throughput in November of 2.82m teu, an improvement both year-on-year and month-on-month.Container throughput in November improved 7.2% year-on-year from 2.63m teu registered in the same month of last year. Month-on-month, volumes rose 3.7% from 2.72m teu, according to data from Shanghai International Port (Group).In the first 11 months of this year, Shanghai handled a total of 29.76m teu, up from 29.11m teu in the corresponding period of 2011.    

Shanghai throughput up for third straight month

PostTime:2012-12-11 08:49:08 View:481

Shanghai Port, the world's busiest container port, saw its container volume rise 7.6 percent in November from a year earlier, the third straight month of gains, data issued by the port's operator showed, reported Reuters. Container throughput reached 2.82 million TEUs, up from 2.72 million in October. The year-on-year increase for the month compared with a rise of 1.4 percent in October. Economists polled by Reuters expect annual export growth to slow to nine percent from a rise of 11.6 percent in October, while annual imports growth are seen easing to two percent last month from October's 2.4 percent increase.

Volume losses hit Asia ports yet US demand beats forecasts: SISI

PostTime:2012-11-28 08:12:03 View:571

THE Shanghai International Shipping Institute (SISI) predicts that the world's container throughput this year will grow four per cent year on year to 615 million TEU compared to the 7.5 per cent growth it experienced in 2011's the 15 per cent gain it make in 2010. According to the SISI report, during the first three quarters of this year, the world's port throughput grew six per cent, compared to nine per cent last year. In the third quarter, the growth was even slower at five per cent. Some Asian ports have started to see shrinkage in their throughputs during the third quarter with Shanghai down 0.3 per cent, Singapore declining 0.9 per cent and Guangzhou off 2.77 per cent. Overall the growth of Asian ports has slowed to 4.8 per cent from seven per cent in the first half of year. The report said the decline in Europe is gaining momentum with weakening consumer demand. In the third quarter, Europe's largest port, Rotterdam, recorded a slip of one per cent in its throughput to 110 million tonnes. Antwerp is also seeing a drop of 2.4 per cent. In comparison, US performance is stronger and even surpasses the market's most optimistic forecasts at the beginning of the year, noted SISI. During the first nine months, the throughput of major ports in US increased about two per cent, one per cent faster then in the same period last year. With Christmas drawing near, ports in America recorded an increase of 3.12 per cent in the third quarter. Canada's Vancouver even posted double-digit growth. SISI's report pointed out that year-end holidays are boosting consumer demand and are expected to bring a moderate rebound in throughput in the fourth quarter, but this is far from enough to reverse a full-year weak performance.

Shanghai to launch dry bulk and oil indices

PostTime:2012-11-27 08:06:31 View:460

Shanghai: The Shanghai Shipping Exchange (SSE) will launch China's first dry bulk and oil import indices on Wednesday.The new dry bulk index will be based on strict price collection from charterers, brokers and shipowners and focus only on China, according to Zhang Ye, president of SSE.“China owns the world's largest shipping capacity and is one of the world's biggest dry bulk consumers... so we hope to provide an index that focuses on China's market, which is very important for us,” Zhang said. “We didn't have our own index in the past, while BDI can reflect the overall global trade market. So, I don't think the Baltic Exchange needs to worry as the market won't give up on the BDI.“We adopt a different pricing system. The BDI is more of global index and China is just part of its index.”Jeremy Penn, chief executive of Baltic Exchange, described Shanghai's benchmark as “poorly modelled on the Baltic indices” as the Baltic already reported the vast majority of routes planned by Shanghai.  

Shanghai box volumes inch up 1.5% in October

PostTime:2012-11-13 07:53:58 View:630

Shanghai: Shanghai, the world's busiest container port, recorded a year-on-year increase in throughput in October but volumes dipped compared to the previous month.The Chinese port registered box throughput of 2.72m teu last month, improving 1.5% from 2.68m teu in the same period of 2011 but lower compared to 2.91m teu in September this year, according to data from Shanghai International Port (Group).In the first nine months of this year, Shanghai moved a total of 26.94m teu, up from 26.48m teu in the corresponding period of last year.  

Shanghai Jinjiang Shipping to launch its first Southeast Asia route

PostTime:2012-11-12 08:04:31 View:694

Shanghai Jinjiang Shipping will launch its first southeast Asia route on 25 November, which will be a landmark move for the company to develop business in the region, SinoShipNews reports. “We have plans to launch the southeast Asia route for a long time. This month, we will make it become reality. We will deploy three ships on it,” an official in charge of this new route told SinoShip News. “In addition, we also plan to open a north China route this year,” the official added. Jinjiang mainly serves intra-China routes plus a few services to northeast Asia such as Korea and Japan. It has recently made big expansion plans including ship orders and tie ups with big Asian logistics companies. Port rotation of the Southeast Asia route is Shanghai – Laem Chabnag – Bangkok – Ho Chi Minh – Shanghai.

Shanghai establishing maritime investigation lab

PostTime:2012-10-31 07:55:20 View:671

Shanghai: China's Shanghai Maritime Safety Administration will open a first-of-its-kind laboratory devoted to investigating maritime accidents.The new laboratory, currently under construction, will open by the end of 2013.Investigators will use the laboratory to analyse the causes of maritime accidents that involve the loss of lives and property such as ship collisions, explosions, oil spills, and sinking, according Chen Xiaoguang, deputy director of the administration.“In the past, we had to rely on personal judgments when dealing with a maritime accident. It would take us a long time to go to the site of an accident to question the involved parties or to look for evidence from a video of the event. Once the laboratory is built, we will be able to use paint or trace analysis and accident simulation technology, all of which is faster and more objective,” Chen was quoted as saying.Shanghai Maritime Safety Administration is collaborating with Jiao Tong University and Shanghai Maritime University in sharing technology and training researchers for the new laboratory, which will run out of eight offices each with a different specialisation.  

Shanghai to open maritime investigation lab

PostTime:2012-10-30 08:04:04 View:759

Shanghai Maritime Safety Administration has recently announced that China's first laboratory devoted to investigating maritime accidents will open by the end of next year, SinoShipNews reports. According to a press release, the laboratory will be dedicated to analyze the causes of serious accidents that involve the loss of lives and property, including ship collisions, explosions, oil spills and sinkings. “The laboratory will make investigating maritime accidents faster and more scientific, and it will strengthen Shanghai's position as an international shipping center,” said Chen Xiaoguang, deputy director of the Shanghai Maritime Safety Administration. The administration is working with Jiao Tong University and Shanghai Maritime University on the laboratory which will be run out of eight offices, all with a different specialization.