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CSIC projects profitable 2016 despite challenging market

PostTime:2017-01-11 08:59:19 View:205

Shanghai-listed China Shipbuilding Industry Corp (CSIC) has alerted investors to a full year 2016 profit as opposed to the heavy loss recorded in 2015. The state-owned shipbuilder announced to the stock exchange that it has projected a profit of RMB500m ($72m) to RMB700m for 2016, as against the deficit of RMB2.62bn for 2015. CSIC said that amid strong headwinds in the shipping market last year, the group had managed the challenges through cost cutting measures, streamlining operations and raising competitiveness on the global stage.

Shanghai to top last year's record volume of 36.54 million TEU in 2016

PostTime:2016-12-12 08:21:46 View:432

THE world's biggest container port - Shanghai - looks likely to beat its container throughput record of 36.54 million TEU set in 2015, after hitting 34.04 million TEU in the first 11 months of 2016. Shanghai International Port (Group) Co (SIPG) said the port handled 3.22 million TEU in November, bringing the total volume for the first 11 months to 34.04 million TEU, up 1.9 per cent from 33.42 million TEU seen in the same period of 2015, and just 2.5 million TEU short of last year's total annual volume. Shanghai is expected to retain its status as as the world's busiest port ahead of Singapore, which posted a 25.57 million TEU throughput the first 10 months, 8.47 million TEU short of Shanghai volumes in the same period.  

Shanghai port poised to set new container record in 2016

PostTime:2016-12-09 08:12:34 View:252

The world’s busiest port of Shanghai is poised to beat the container throughput of 36.54m teu it set in 2015, after it recorded throughput of 34.04m teu in the first 11 months this year. Shanghai International Port (Group) Co (SIPG) released figures that the Chinese port handled 3.22m teu in November, tallying volumes for the first 11 months to 34.04m teu, up 1.9% from 33.42m teu seen in the same period of 2015, and just 2.5m teu shy of last year’s volume. Last month’s volume rose by 6% compared to 3.04m teu handled in November 2015, according to figures from SIPG. Shanghai is set to retain its crown as the world’s busiest port as second ranked Singapore port recorded throughput of 25.57m teu in the first 10 months this year, putting Singapore short of 8.47m teu to match Shanghai’s volumes in the first 11 months.

Port of Shanghai October volume up 5.9pc to 3.22 million TEU

PostTime:2016-11-09 08:06:29 View:295

THE Port of Shanghai, the world's busiest container port, posted a 5.9 per cent year on year increase in throughput in October to 3.22 million TEU, according to figures from Shanghai International Port (Group) Co (SIPG). Last month's throughput also rose by 2.9 per cent compared to 3.13 million TEU posted in September. In the first 10 months of 2016, Shanghai posted a volume of 30.82 million TEU, up 1.4 per cent year on year.

Oz sends 200-strong mission to Shanghai to drum up more trade

PostTime:2016-10-27 07:49:01 View:237

AUSTRALIA has sent a 200-strong trade delegation to Shanghai, China, including Queensland ministers, agricultural producers and exporters, on a week-long mission to build on the existing A$160 billion (US$122.09 billion) trade relationship between the two nations. Industries represented on the "AccessChina" trip include health, aged care, agriculture, education, manufacturing and tourism. "We have brought together businesses from banks to exporters and freight companies," said the group's leader, Ben Lyons, reported Hong Kong's South China Morning Post. Among the high-profile members of the delegation are Qantas Airways and the agribusiness units of both National Australia Bank (NAB) and Australia and New Zealand Banking Group (ANZ). They will visit the Hangzhou headquarters of Alibaba Group, Yangshan Deepwater Port, Baosteel, and Shanghai Electric. Qantas Freight, which is looking to expand capacity in Asia, is holding a networking dinner that Mr Lyons said would help "educate the Shanghai business community on our regional capability when combined with an international freight provider". The group departed from Wellcamp Airport, a new A$200 million air freight facility at Toowoomba, 125 kilometres from Brisbane, which will commence weekly cargo-only flights in November. Cathay Pacific will operate the service from Wellcamp and Hong Kong. Australia has been pushing to become the "delicatessen of Asia," tapping its favourable climate to send crates of produce such as figs and edible flowers to the region. However, finding space on flights has proven difficult for some Australian producers, who say freight export capabilities are not keeping up with increasing demand for fresh products from Asia's expanding middle class.

Shanghai box volumes record slight increase in September

PostTime:2016-10-19 08:16:17 View:266

Container volumes at China’s Shanghai port has inched up in September compared to the year-ago period, according to figures from Shanghai International Port (Group) Co (SIPG). In September, Shanghai port container throughput was recorded at 3.13m teu, an increase of 1.3% from 3.09m teu in the same month of last year, data from SIPG showed. However, last month’s volumes fell by 5.5% compared to 3.31m teu registered in August this year. From January to September 2016, Shanghai box throughput totalled 27.6m teu, steady compared to 27.34m teu in the previous corresponding period.

Shanghai H1 port profit falls 5.8pc to US$437.16 million, boxes down 0.7pc

PostTime:2016-08-31 08:24:36 View:252

THE Shanghai International Port (Group) Co (SIPG) first half net profit declined 5.8 per cent to CNY2.92 billion (US$437.16 million), drawn on revenues of CNY15.42 billion, up 4.4 per cent year on year. Shanghai, the world's busiest container port, recorded a first half throughput of 17.89 million TEU down 0.7 per cent year on year. SIPG said the first half container volumes of 17.89 million TEU met 48.4 per cent of its annual box throughput target. "The global shipping industry continues to be weighed down by excessive tonnage and the financial health of many shipping firms has remained weak, leading to slowing port businesses as well," SIPG stated.

Shanghai Pudong ups volume 2pc in 7 months to record 919,461 tonnes

PostTime:2016-08-25 08:27:03 View:302

SHANGHAI Pudong International Airport Cargo Terminal (PACTL) increased cargo throughput in the first seven months of 2016 by two per cent year on year to a record-breaking 919,461 tonnes. Import volumes increased 2.9 per cent to 382,929 tonnes during the first seven months year on year. International imports rose 3.6 per cent to 355,920 tonnes while domestic imports fell 4.8 per cent to 27,009 tonnes. Exports grew 1.4 per cent to a figure of 536,532 tonnes with international volumes up 1.4 per cent to 504,707 tonnes and domestic throughput rising two per cent to 31,825 tonnes. "Despite challenging market conditions, we succeeded in beating last year's record results within the first seven months of 2016," said PACTL vice president Lutz Grzegorz.  "This is due to the fact that international imports and domestic exports are increasing again.  "Secondly, we managed to grow our business by improving quality standards and investing in infrastructure," Mr Grzegorz said. With Iberia Airlines and Aeroflot Russian Airlines joining PACTL in June and July, the company gained five new customer airlines in the first seven months. Processing 49.6 per cent of the air cargo handled at Shanghai Pudong International Airport, PACTL further increased its market share in this period. In April 2016, PACTL officially inaugurated its new IATA CEIV certified Cool Centre.

Shanghai port container volumes rise 5.1pc in July to 3.27 million TEU

PostTime:2016-08-11 07:35:20 View:220

THE Port of Shanghai posted a 5.1 per cent year-on-year increase in July throughput to 3.27 million TEU, port authorities have revealed. The Shanghai International Port (Group) Co (SIPG) also announced volumes recorded last month increased 4.1 per cent more than the 3.14 million TEU posted in June. From January to July 2016, Shanghai moved of 21.16 million TEU, slightly up on the 21.14 million TEU lifted in the corresponding period last year.  

Shanghai first half container volume slips 0.7pc, but increases 2.2pc in June

PostTime:2016-07-11 08:47:53 View:218

THE Port of Shanghai posted a 0.7 per cent year-on-year decline in container volume to 17.89 million TEU in the first half of 2016. But the Shanghai International Port (Group) Co (SIPG) also recorded a 2.2 per cent year-on-year increase in June container volumes to 3.14 million TEU. Month-to-month, the port reported a 1.8 per cent increase in June on the 3.09 million TEU moved in May.  

Shanghai port container throughput drops in May

PostTime:2016-06-14 08:53:10 View:254

China’s Shanghai port saw its container volumes decline in May both on a year-on-year and month-on-month comparisons. Box throughput in May was recorded at 3.09m teu, a drop of 2.2% compared to 3.16m teu in May last year, according to figures released by Shanghai International Port (Group) Co (SIPG). Compared to 3.12m teu seen in April this year, last month’s volumes inched down by 1%, SIPG data showed. In the first five months of this year, Shanghai port moved a total throughput of 14.75m teu, a decrease of 1.3% from 14.94m teu registered in the same period of 2015.

Shanghai Shipyard lands order to build four feeder boxships

PostTime:2016-05-25 07:49:08 View:277

Shanghai Shipyard has booked an order to build four 2,500 dwt feeder container vessels plus an option for two more units for Shanghai Zhonggu Shipping Group. The newbuildings to be built at Shanghai Shipyard, subsidiary of China State Shipbuilding Corp (CSSC), will have environmentally-friendly and energy efficient features. Financial details of the shipbuilding deal were not disclosed. The latest deal is the first contract won by Shanghai Shipyard for this year, amid the current slump in the shipbuilding industry.