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Yangshan's main navigational channel open to two-way traffic

PostTime:2013-10-23 08:27:39 View:538

PORT of Shanghai's Yangshan terminal has started to allow sailings in both directions on its main navigational channel, which has expanded the terminal's capacity that had been restricted by the navigational channel.  The 28-nautical mile Yangshan channel handles 100 ships moving a day in and out of the terminal, which comes to 14.15 million TEU a year. reaching 52 per cent of the designed capacity.  Enabling simultaneous movement in two directions will reduce dwell time from three and a half hours to one hour and 45 minutes, while the berth utilisation rate will increase from 72 per cent to 84 per cent, reports Xinhua.  Maersk stands to make major savings as the carrier has 14 sailings a week. If operation cost of a vessel is US$38 per minute, US$2.9 million can be saved every year if time per sailing is an hour and 45 minutes shorter.  Shanghai International Port Group (SIPG) chairman Cheng Xuyuan said enabling sailing in two directions will also help cement Shanghai's status as the container shipping hub in northeast Asia.  Mr Chen also disclosed that as the next step, SIPG will seek to restructure in its business and will develop distribution, consolidation and financial services. 

Shanghai trade zone a 'game changer' - if it fulfills promise: Beard

PostTime:2013-10-22 08:17:28 View:573

 THE coming Shanghai Free Trade Zone could be a "game changer" if it fulfills its liberalisation promise, according to the GHK Hong Kong port consultancy CEO Jonathan Beard. "Carriers have argued it would be beneficial to take cargo from Bohai to Shanghai for transshipment," he told the Trans Pacific Maritime (TPM) Asia conference in Shenzhen.  "That cargo (unless carried by China Shipping or Cosco) has to go to Busan for transshipment. If it is true liberalisation, there will be major growth in transshipment for Shanghai, impacts on Hong Kong and Kaohsiung, and a major impact on Busan, whose growth and expansion has been based on international transshipment," he said.  But Mr Beard said it was unlikely that China would scrap all its cabotage restrictions as few other countries have done so. Maersk, the world's biggest container Line, has long advocated such liberalisation, claiming their ability to move cargo from the Bohai Bay ports in northeast China to Shanghai would increase Chinese transshipment volumes.  Cosco and China Shipping, the country's biggest carriers, have fought the move, as they enjoy advantages under current cabotage regime.

Shanghai port's September box throughput stays flat

PostTime:2013-10-15 08:13:26 View:621

Shanghai, the world's busiest container port, saw its box throughput in September stayed flat over a year ago, according to figures from Shanghai International Port (Group) Co. The Chinese port recorded throughput of 2.9m teu last month, unchanged from volumes seen in September 2012. On a month-on-month comparison, September's container volumes dipped 1.7% from 2.95m teu recorded in August this year. In the first nine months of this year, Shanghai port handled a total throughput of 25.16m teu, an increase of 3.8% from 24.23m teu moved in the corresponding period of last year.

Global supply chain sourcing conference in Shanghai November 6 - 7

PostTime:2013-10-14 08:20:37 View:630

CHINA's largest supply chain conference is back again this November 6-7 in Shanghai with the theme of supply chain innovations, and it's designed to help you rethink the way your supply chains work. Speakers include APAC procurement centre director Benson Cheng, AT Kearney management consultant Michael McCool, Bayer global sourcing head William Pay, Dell component sourcing strategist Lingling Yuan, GT Nexus vice president Tony Low, SPAR logistics manager Haibin Tang, Starbucks procurement director Rose Hu, APAC global sourcing director at Xylem. To register, sign-up online at www.chainalive.com.

Shanghai launches coal shipping futures contract

PostTime:2013-10-11 08:27:41 View:384

Shanghai Shipping Freight Exchange has launched on Thursday the world's first derivatives for coal shipping contracts delivery in an effort to cater to growing demand for hedging tools. The contracts are anticipated to provide insights into domestic shipping rates as well as give China a louder voice in pricing and more experience in developing financial products for the shipping industry, analysts told the local media. The spot delivery contracts will be based on coal shipping rates from Qinhuangdao to Shanghai along the north-to-south shipping routes. The exchange will initially offer 12 contracts ranging from January 2014 to December 2014, with an initial trading margin of 10% of the contract value before rising to 30% in the delivery month. “Given the current excess capacity in the shipping industry, carriers can use the derivatives trading platform as a new sales channel,” Wu Di, deputy head of Shanghai Shipping Freight Exchange, was quoted saying. Meanwhile, London-based Baltic Exchange has recently established its first office in China in Shanghai, a strategic move to develop relationships between Chinese shipping and trading companies and the international maritime community. “China's shipping industry accounts for 60% of the global total and Shanghai is the world's largest (container) port. We welcome competition from all over the world,” Wu said. He added that the exchange will introduce derivatives for international dry bulk carrier rates and it will also improve current derivatives for container shipping rates.

Maritime corrosion protection conference in Shanghai October 24

PostTime:2013-09-24 08:21:36 View:522

THE Maritime Corrosion Protection and Integrity 2013 (MCI) conference will be held on October 24-25 in Shanghai. Supported by Marintec, the event will focus on ways to increase protection against maritime corrosion on ships, offshore structures, oil & gas structures and pipelines.  A statement from the organisers, UBM Conferences, said the maritime corrosion protection industry was valued at CNY14 billion (US$2.28 billion) in 2012 and is expected to grow 30 per cent a year. Topics to be discussed are risk assessment and inspection methods; the cost benefits of employing the latest methodologies and technologies, utilising non-destructive testing (NDT) and surveillance methods in assessing corrosion and reinforcing other protection technologies with cathodic protection. 

Shanghai port box volumes stable in June

PostTime:2013-07-08 08:29:51 View:516

Shanghai, the world's busiest container port, handled steady volumes of containers in June, unchanged from a year ago, according to figures from Shanghai International Port (Group) Co (SIPG). Throughput in June was recorded at 2.77m teu, similar to volumes moved a year ago but they decreased 5.7% compared to 2.94m teu handled in May this year. In the first six months of this year, China's Shanghai port registered total throughput of 16.34m teu, an increase of 3% from 15.86m teu recorded in the same period of last year.

Shanghai Pudong cargo down 1.3pc in June, but volumes increase 17.7pc

PostTime:2013-07-04 08:27:24 View:520

SHANGHAI Pudong International Airport Cargo Terminal (PACTL) posted a 1.3 per cent year-on-year air cargo decline in June to 107.8 million tonnes with inbound volumes suffering a 0.1 per cent loss to 42.4 million tonnes while outbound freight slipped 2.1 per cent to 64.4 million tonnes. Although a small proportion of the whole, domestic volume was the only year-on-year bright spot, increasing 17.7 per cent with inbound cargo rising 30.9 per cent while outbound went up 7.5 per cent to 3.6 million tonnes  Year to date, there has been a 11.9 per cent cargo volume increase, but the monthly throughputs rose throughout the first half, marked by a 2.8 per cent decline from a high point in March of 110.9 million tonnes. International air freight via Pudong fell 2.4 per cent year on year 100.7 million tonnes with exports falling 2.6 per cent to 60.7 million tonnes while imports fell two per cent to 39.9 million tonnes.  

Shanghai up 3.4pc in May

PostTime:2013-06-14 08:17:04 View:558

The Port of Shanghai posted a 3.4 per cent year-on-year increase in container volume in May to 2.94 million TEU, but throughput was down from the four per cent April increase, according to data issued by the port operator.  China's exports are forecast to rise 7.3 per cent in May year on year, halving from April's 14.7 per cent increase, according to a Reuters poll. Imports are expected to rise six per cent in May, about a third of the growth experienced in April. Shanghai overtook Singapore to be the world's busiest container port in 2010, surpassing 30 million TEU mark in 2011. It has maintained its top spot, finishing 2012 ahead of Singapore.

Shanghai Railway Bureau offers door-to-door service from Hefei to Ningbo

PostTime:2013-05-02 08:26:16 View:570

SHANGHAI Railway Bureau trains have kicked off trial run of door-to-door service on the Shanghai-Hefei rail line with Shanghai-bound trains accessing trains to Ningbo Tuesdays and Fridays, Xinhua reports.  Shippers need only call the Shanghai Railway Bureau or logon to its website to place order, their cargo will then be collected at their doorstep by railway staff. Consignments can be tracked and the service provided at lower cost, the bureau said.  It has been over a month since China Railway Corporation, operator of the national railways was formed with the break up of the Ministry of Railways to undertake the business operations. Shanghai's move is a mark that the corporation is taking part in market competition, said Xinhua.  The railway expects most shippers to deal in bulk cargo. Now that gloomy world and domestic economy has hurt demand, the corporation is facing challenge from securing growth.  China's infrastructure is still big enough to develop a highly effective traffic network, especially in the intermodal area. A seamless-connected network between rail, sea, air and roads has yet to be built, which requires rail to take on a greater share of the logistics market. 

Third Pharma Cold Chain China 2013 to be held in Shanghai May 23-24

PostTime:2013-04-27 08:49:25 View:661

THE 3rd Pharma Cold Chain China 2013, organised by CPhI Conferences, is to be held in Shanghai on May 23-24 and will discuss how the pharmaceutical cold chain industry in China will perform in the near to medium term and the top cold chain challenges to be faced by pharmaceutical companies. The speakers at the conference will be Sherman Cheung, the former senior supply chain management director of Sanofi Pasteur, the president of Sherman Addison Consulting Inc, Ron Pierce; the technical director of Asia of Cool Logistics Australia as well as Masih Sabet, the man in charge of good manufacturing compliance at NNE Pharmaplan. Mr Pierce said that there is insufficient cold chain management knowledge within industry as well as a lack of one-stop shopping 3PL cold chain logistic organisations capable of serving China.  Mr Sabet cold-chain management is still struggling to identify and agree on best-practice, adding that the pharma sector still faces cold chain product losses, resulting in eroding profit margins.

Shanghai suffers first trade value drop to European Union in years

PostTime:2013-04-25 08:45:20 View:457

SHANGHAI Customs, which processes 20 per cent of China's trade, recorded a year-on-year decline of 0.9 per cent in its foreign trade value to US$184.19 billion and its "first decline in many years" to the EU, reports Xinhua.  Imports fell 6.7 per cent to $70.14 billion while exports increased 3.1 per cent to $114.05 billion. The decrease indicated that trade in the Yangtze River Delta and regions along the river are still weak.  Exports to the European Union dropped 0.9 per cent to $21.29 billion. EU imports declined 7.4 per cent to $16.33 billion. Even in 2012, the most depressing year for the EU market, Shanghai imports from the EU posted 1.4 per cent growth.