Home >> Array

Array

SITC establishes new company in Shanghai FTZ

PostTime:2014-04-21 08:27:13 View:1421

On April 15, 2014 , SITC Lianyu Shipping LTD. In Shanghai FTZ was formally established, for seizing the historic opportunity of Chinese economic reform, building a platform for business innovation, and making full use of the advantages of policies and environment in FTZ, the company said in its press release.

Shanghai moves higher box volumes in March

PostTime:2014-04-15 08:18:52 View:435

Shanghai port, the world's busiest container port, registered an increase in container throughput in March, according to figures from Shanghai International Port (Group) Co (SIPG). The Chinese port handled 2.96m teu of box volumes in March, an improvement of 3.1% over 2.88m teu recorded in the same period of 2013, data from SIPG showed. Last month's throughput also shot up 34.3% from 2.21m teu recorded in February this year. In the first three months of this year, Shanghai port posted a total throughput of 8.16m teu, up 4.5% compared to 7.81m teu seen in the corresponding period of 2013. In 2013, Shanghai retained its title as the world's busiest container port with a throughput of 33.62m teu.

Temasek invests US$250 million in Shanghai Yupei warehousing giant

PostTime:2014-04-14 08:15:18 View:352

RRJ CAPITAL, a fund owned by Singaporean sovereign wealth fund Temasek, announced it has purchased a US$250 million stake in Shanghai Yupei Group, which owns and operates a nationwide logistics warehouse network in China.  Yupei said in a press release that the recent investment would complete all equity financing needs for the foreseeable future, furthering plans to extend its warehouse network to 3.4 million square metres.  The investment follows a $200 million stake purchased by US private equity firms by Carlyle Group and Townsend Group. As of this month, RRJ manages two funds totalling $5.9 billion.  

Shanghai auto-distribution unit boasts highest daily order processing

PostTime:2014-04-01 08:31:10 View:392

A NEW Shanghai automated logistics centre opens in Shanghai's Songjiang District in July and will provide e-commerce the largest daily order processing capacity in Asia, Xinhua reports.  The first phase of the facility can process 200,000 orders per day. Daily handling volume of one single product can be as many as 1.2 million pieces. When the second phase is completed, daily order processing volume will be raised to 800,000.  China's e-commerce industry is rising rapidly during recent years and bringing an explosive surge in express parcel volume and exposed the courier industry to series of problems including capacity shortages and low efficiency.  The facility is said to be able to provide efficient warehousing and distribution services for both e-commerce companies and traditional retailers.   

Shanghai records 9.8% rise in February box volumes

PostTime:2014-03-10 08:08:35 View:348

China's Shanghai port handled higher box volumes in February on a year-on-year comparison but throughput slowed month-on-month, according to figures from Shanghai International Port (Group) Co (SIPG). Shanghai port moved 2.21m teu of containers in February, an increase of 9.8% compared to 2.01m teu recorded in the same month of 2012. Last month's throughput, however, was down 26.4% compared to January volumes as businesses in China typically slowed down in February due to the Chinese New Year holidays. In the first two months of this year, Shanghai port posted a total throughput of 5.2m, up 5.5% compared to 4.93m teu seen in the corresponding period of 2013, data from SIPG showed. In 2013, Shanghai retained its title as the world's busiest container port with a throughput of 33.62m teu.

Shanghai posts 2.7pc January throughput increase to three million TEU

PostTime:2014-02-20 08:09:30 View:377

THE world's busiest container facility, Shanghai port, saw container throughput at three million TEU in January, representing an increase or 2.7 per cent compared to the same month last year. According to statistics issued by the Shanghai International Port (Group) (SIPG), January's throughput was also 11 per cent higher than the 2.7 million TEU the port handled in December 2013. Last year, Shanghai port handled a total of 33.6 million TEU, beating its closest rival Singapore which moved 32.5 million TEU.

Shanghai Zhenhua grabs 20-crane order

PostTime:2014-01-13 08:26:11 View:468

Shanghai Zhenhua Heavy Industries (ZPMC) has clinched an order from Hong Kong-based Hutchison to provide five quay cranes and 15 tyre cranes for South Asia Pakistan Terminal (SAPT) in Pakistan. The first batch of four quay cranes and six tyre cranes will be delivered to the terminal on 1 July 2015. The second batch of one quay crane and nine tyre cranes will be delivered on 1 September 2015, according to ZPMC. Financial details of the deal were not disclosed. SAPT has an annual container handling capacity of 1.5-2m teu. ZPMC, primarily a manufacturer of cranes and large steel structures, has expressed interest in venturing into building complex offshore support vessels (OSVs), tapping on its existing knowledge and experience in offshore equipment production.

Shanghai to retain title of world's busiest container port 2013

PostTime:2014-01-09 08:33:26 View:594

THE world's busiest container port of Shanghai is expected to retain its title for the third year running since it leapfrogged Singapore's container volumes in 2010.  In 2013, the Chinese port based at the mouth of the Yangtze river achieved total throughput of 33.6 million TEU, an increase of 3.4 per cent from 32.5 million TEU in 2012. Its closest rival of Singapore, the Southeast Asia city based at the southern end of the Malacca strait, saw container volume stand at 29.8 million TEU in the first 11 months of 2013 but is yet to announce the total year results. It would need in excess of 3.8 million TEU volume in December to beat off Shanghai.  According to Shanghai Urban Construction and Communications Commission, the port is pushing through shipping-related policies under a new pilot free trade zone as well as research into the trading of freight index derivatives.  The city also hopes to refund shippers for those exported goods that use Yangshan as a transit by extending an existing tax rebate program.  Shanghai continues to benefit from the addition of two-way traffic lane in the main channel of the Yangshan Deepwater Port since October 2013.  

Pudong free trade zone attracts DHL, said to offer cost saving potential

PostTime:2014-01-07 08:46:13 View:691

THE world's largest logistics company, Bonn-based DHL has become the first company to operate from Shanghai's free trade zone at Pudong International Airport by launching its first air route that offers transfers in Shanghai. The new route could save eight hours out of the three-day journey from Leipzig, to Tokyo compared with the old route via Hong Kong, said DHL Pudong manager Qian Xiaorong. International transshipments are unpacked, sorted and repacked at the DHL Pudong centre within four hours, without customs checks or duties. Most work occurs at night.  Pudong airport handles three million tonnes of cargo a year. In the first 10 months of this year, the volume of transshipment cargo at Pudong airport has surged by 125 per cent compared with the same period last year. The air cargo volume at Pudong airport will reach 5 to 7 million tonnes a year in 2015, reports China Daily. "Shanghai has the potential to become an international hub for cargo transport because it is better positioned than Hong Kong and Singapore, in terms of being a shorter distance to Europe and the United States," said Mr Qian. As a part of the 28.78 square kilometer free trade zone, the 1.81 square kilometer west freight terminal in Pudong airport has enough land reserves, so the airport can further expand air cargo services by utilising existing resources, said Pudong airport president Cai Hao. In the meantime, a fourth runway at the airport will be put into operation in the first quarter next year. A new satellite terminal, which it is hoped will be complete in 2018, will provide an additional 120 aircraft stands to the existing 70. The same optimism is also shared at Yangshan Port, the single largest component of the free trade zone in terms of area, which also benefits from simplified customs supervision.

Industry players question Shanghai FTZ's direction

PostTime:2014-01-02 08:50:09 View:449

Even before it can get off the ground, there are already disagreements about the direction Shanghai should take with its planned free trade zone (FTZ), according to local media reports citing shipping executives in the city. The South China Morning Post quoted a senior executive at a Shanghai shipping firm, expressing doubts about the city's ability to become a world-class trading hub, saying that there is a conflict between the needs of the shipping community and the ambitions of city officials. "They don't seem to understand the role of a free trade zone and it doesn't make sense to me that the financial sector, rather than trade and shipping, is given priority," the executive was quoted as saying. Shipping industry officials believe there are good opportunities arising from loosened customs intervention, and they believe the sector should be among the top beneficiaries of the zone. For example the bonded area at Yangshan Port could help Shanghai in boosting its transhipment trade but customs procedures have proved to be a major stumbling block to its development. In addition, they also believe not enough land has been allocated for the zone to reach its full potential. Plans currently earmark a 14-square kilometre area at the Yangshan Port for the FTZ, about half of which is in Lingang New City.  Analysts believe that the city has good potential to become a regional manufacturing base and attract manufacturing investments there as producers will be able to access both the mainland and regional markets as China endeavours to move up the value chain.  However it remains to be seen what actual plans transpire. Beijing is seen as having grand ambitions for the city to rise as an international financial centre, which may perhaps come at the cost of shipping and trading.

Shanghai Port Nov up 4.3pc, rising 3.9pc to 30.9 million TEU in 2013

PostTime:2013-12-13 08:39:04 View:415

THE Port of Shanghai posted a 4.3 per cent increase in container volume in November year on year to 2.94 million TEU, according to figures from Shanghai International Port Group (SIPG). Last month's box volumes also increased 4.6 per cent to 2.81 million TEU over October's throughput. In the first 11 months, Shanghai posted a 3.9 per cent year-on-year volume increase to 30.92 million TEU, closing in on last year's full-year total of 32.53 million TEU. Throughput of the entire port of Shanghai is expected to hit 33.5 million, enabling it to stay as the world's largest container port for the fourth consecutive year, Xinhua reports. The Yangshan terminal is expected to see its container throughput reach 14.3 million TEU by the end of this year.  Thanks to the newly-established Shanghai Free Trade Zone, Yangshan terminal's river-sea transshipments have been growing and is now taking up more than 40 per cent of its total transshipment volume.  International transshipments are deemed as the one with the greatest potential among Yangshan's businesses. The sector currently takes up only 10 per cent in Yangshan's transshipments. Since the free trade zone was set up, many carriers are planning to adjust their shipping lanes for more transshipments via Yangshan. 

Shanghai port moves more containers in November

PostTime:2013-12-12 08:37:47 View:363

China's Shanghai port recorded higher box throughput in November over the same period last year, according to figures from Shanghai International Port (Group) Co (SIPG). The world's busiest container port registered 2.94m teu of volumes last month, up 4.3% from 2.82m teu posted in November 2012, data from SIPG showed. Last month's volumes also rose 4.6% compared to 2.81m teu recorded in October this year. In the first 11 months of this year, Shanghai port posted a total throughput of 30.92m teu, an increase of 3.9% over 29.77m teu in the previous corresponding period. Last year, Shanghai port posted an annual throughput of 32.53m teu.