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BIMCO opens in Shanghai to enhance relations with Chinese stakeholders

PostTime:2013-03-01 08:54:05 View:749

THE Baltic and International Maritime Council (BIMCO) officially launched its Shanghai Centre office on February 25 in Shanghai, in conjunction with a forum of senior leadership.  This is the first time that an international shipping organisation set up office in Shanghai. Bimco's presence is bound to enhance Shanghai's status as a global shipping centre, enabling it to have more say in the world industry, said Xinhua.  BIMCO's press release said Wei Zhuang, who has been with the BIMCO Secretariat in Copenhagen for some years, has been promoted to head the new BIMCO Shanghai Centre.  BIMCO said the new office in China will enhance communication with 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.  Torben Skaanild, secretary general and CEO of BIMCO, who attended Shanghai inauguration pointed out, "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 Mayor Yang Xiong, pointed out that the establishment of BIMCO's Shanghai Centre would further stimulate a mutually beneficial dialogue with the Chinese shipping community as part of the process of Shanghai's ambitious plans as an international shipping centre.

Shanghai exports to EU up 0.9pc while European imports leap 14.8pc

PostTime:2013-02-27 08:25:12 View:472

SHANGHAI customs noted a mere 0.9 per cent increase in exports to the European Union from the port last year while EU imports into the port leapt 14.8 per cent, a trend expected to continue throughout 2013.  A Shanghai customs analyst said causes were a shrinkage in European consumer demand, the appreciation of renminbi against euro and that manufacturers are moving away from China. Statistics from the Shanghai customs show that trade goods with EU handled by the customs in January grew 6.2 per cent to US$14.02 billion. Exports were valued at US$8.28 billion; imports, $5.74 billion.  Being the largest customs office in foreign trade in China, Shanghai accounts for 30 per cent of China's trade with EU. But the downturn dragged its EU trade down 7.6 per cent to $164.7 billion last year with exports falling 13.4 per cent to $93.43 billion while imports increased 1.4 per cent to $71.27 billion.  The EU has long been Shanghai's largest trading partner. But the weakening export and increasing trade friction might hurt bilateral relations in the long term, said Xinhua.  Shanghai's export to Germany, France, Italy and Spain, the four largest EU economies, fell substantially last year. Exports to Germany fell 5.5 per cent to $20.5 billion. Those to France shrank 23.5 per cent to $7.73 billion. Those to Italy fell 29.2 per cent to $8.54 billion. Those to Spain dropped 10 per cent to $5.1 billion.

Jiaxing-Shaoxing sea bridge soon to reduce travel time to Shanghai

PostTime:2013-02-26 08:45:47 View:1916

 THE bridge spanning across the Hangzhou Bay, connecting two Zhejiang province cities of Jiaxing and Shaoxing, has been completed and will soon open to traffic, reducing travel time from Shaoxing to Shanghai by nearly half, Xinhua reports. Starting construction in late 2008, the bridge is the second one crossing Hangzhou Bay after the Hangzhou Bay Bridge, costing about CNY13.9 billion (US$2.23 billion) to build. The section over water is 10 kilometres long and has a design speed of 100 kilometres per hour. The section over the navigational channel is 2,680 metres long and can allow containerships of 3,000 tonnes to cross below it.

Lone crewman stranded aboard blazing bulker

PostTime:2013-02-26 08:43:12 View:432

Shanghai: Bulk carrier SITC Hua Shan has caught fire off the east coast of China, with one crewman according to officials as “still stranded aboard”, Xinhua reported. Distress calls from the  vessel loaded with 4,000 tonnes was crippled by a fire in the engine room, reached the Shandong maritime rescue centre on Sunday 19:57 local time, whereupon 15 of the 16 North Korean crew members boarded a lifeboat and were picked up by a passing vessel. The 15 seafarers have since been rescued uninjured, 18 miles off Chaolian Island, about 20 miles from Quingdao city.

Zhenhua Heavy Industries bags bumper contracts

PostTime:2013-02-21 08:40:17 View:498

Shanghai: Shanghai-based Zhenhua Heavy Industries bagged two bumper contracts to build a fleet of 128 iron ore barges and one 5,000 dwt heavy-lift salvage vessel.The Chinese shipyard inked a $114m deal with Brazil-based Girocantex Sociedad Anonima to build 128 iron ore barges due for delivery between this year and 2014.Zhenhua Heavy Industries also penned a RMB1.58bn ($252.84m) contract to build one 5,000 dwt heavy-lift salvage vessel for Yantai Salvage Bureau of Ministry of Transport. The vessel is slated for delivery in 2015.  

CCS and Wartsila in technical cooperation

PostTime:2013-02-15 21:58:34 View:455

Shanghai: China Classification Society (CCS) and Wärtsilä Services (Shanghai) Co signed a framework agreement for technical cooperation in Shanghai.The two organisations will cooperate in the areas of ship design, ship power including propulsion system, ship automation, environmental protection and energy savings technologies.Both parties will prioritise the cooperation on research and development of LNG dual-fuelled ship types and development of technical standards for LNG dual-fuel engines and system arrangement.  

China Merchant Energy Shipping buys three VLCCs

PostTime:2013-01-18 08:33:48 View:642

Shanghai: China Merchant Energy Shipping (CMES) has placed a firm order for three VLCCs from CSSC Jiangnan Shipyard with an option for three more units.The price tag for the new VLCC is estimated at $85m each. The first newbuilding is slated for delivery at the end of 2014 and the remaining two ships will be delivered at the first quarter and third quarter of 2015, respectively.CMES had earlier posted a huge drop in 2012 net profit to RMB86m ($13.8m), down 47% compared to RMB162.52m in 2011.  

Shanghai chemical spill exposes faults, expert says

PostTime:2013-01-16 09:02:56 View:683

Industrial chemicals that leaked into a river, leading to water supplies being cut last week to 30,000 residents in suburban Shanghai, exposed faults in the supervision of chemicals' production and transportation, an expert said, China Daily reports. The leak, caused when a valve being used to control discharge from a tanker to another vessel was left open, also highlighted low access to the chemical manufacturing industry, the expert added. "It should not be as easy as a company paying some money, and then getting a plot in a chemical enterprise park and starting production," said Dai Xingyi, a professor at the Department of Environmental Science and Engineering at Fudan University in Shanghai. "Proper supervision should be put in place in the key points of chemicals' production and transportation," he said. Large amounts of styrene - a chemical hazardous to the intestines, kidneys and respiratory systems if ingested - leaked into a river on Thursday in Jinshan district, home to the city's chemical industry park. The leak led to operations being suspended at two water plants in the nearby Songjiang district, prompting the authorities to offer emergency supplies to residents. A total of 23 residents became ill after inhaling the chemical, with five of them still in a hospital on Monday, Xinhua News Agency reported. By early Monday, the water supply resumed after efforts by the environmental department to deal with the pollution, involving 175 vessels and nearly 700 people. Residents were told water is only safe to use after they let taps run for 15 to 30 minutes the first time they use it. Households have also been told their water bills for January will be halved. Four suspects have been detained, with three others released on bail. Suspect Liu Langjian told police the leak was caused by his oversight but denied acting intentionally. He said he regretted the seriousness of the aftermath. Police also found the three companies involved are not qualified to sell, transport or load the chemicals; the owners of the vessel involved are suspected of installing the discharge valve without approval; and the port is not allowed to load dangerous chemicals. Dai said: "It showed the government's supervision of the entire process of chemical production and transportation is inadequate." He said it also showed the government intervened after a pollution incident, rather than acting earlier. "The government should clear the danger from the source and raise the threshold for companies entering chemical-related sectors." Dai added that there should be an overall evaluation of a company's ability to manage and deal with emergencies and pollution control before it is allowed to engage in related business. Experts have called for severe penalties for violators.

Shanghai's box volume beats Singapore, Shenzhen declines in December

PostTime:2013-01-16 08:49:34 View:529

CHINA's second busiest mainland port of Shenzhen has seen a two per cent decline in its container volumes in December at 1.89 million TEU, with a full year modest increase of 1.64 per cent to 22.94 million TEU. Cargo volume for the year was up at 2.16 per cent to 228 million tonnes with December showing a decrease of 1.8 per cent to 19.49 million tonnes, according to Shenzhen Ports Association statement. Shenzhen's Chiwan container terminal dropped by 4.3 per cent to 3.95 million TEU during 2012 due to a decline in its exports which are mainly to Europe, cited a report from South China Morning Post (SCMP). This was compared to the mainland's third busiest port of Ningbo with a forecast uplift of 11.2 per cent to 16.83 million TEU and cargo volume of 443.25 million tonnes to 15.3 per cent for 2012.

Shanghai handles 32.5m teu in 2012

PostTime:2013-01-11 08:19:24 View:662

  Shanghai: China's Shanghai port concluded 2012 with a slight improvement in annual container throughput over the previous year amid the severe slowdown in the global shipping market.The Chinese port registered 32.53m teu of throughput last year, up 2.5% compared to 31.74m teu in 2011, according to figures from Shanghai International Port (Group) Co.The final tally for 2012 came after December saw 2.76m teu of throughput, an increase from 2.66m teu in the same month of 2011.December volumes, however, dipped compared to 2.82m teu recorded in November, figures from SIPG showed.    

Shanghai plans free trade zone in Pudong

PostTime:2013-01-10 08:28:02 View:475

A number of government departments in Shanghai are currently studying the feasibility of developing a free trade zone in Pudong district in  response to a new guidance released by the government to enhance the development of Shanghai as an international trade center. The project is likely to start this year, SinoShipNews reports. The guidance calls for innovation and transformation of the customs and industries including finance, shipping, logistics and manufacturing. Currently the government is also implementing a trial offshore tax rebate policy in the city.

Miami eyes greater China traffic post 2015

PostTime:2013-01-04 08:38:51 View:441

  Shanghai: A group of representatives from Miami Port is to meet with manufacturers in Beijing today, in a bid to secure business for US east-coast ports when the latest Panama Canal expansion is finished in 2015.The talks, organised by US China Ambassador Gary Locke, will include 70 manufacturers including Anshan Iron and Steel, car and bus maker BYD, China Communications Construction, CNOOC, white goods producer Gree and Dalian Wanda Commercial Properties, and will focus on the port’s intention to build a skyscraper as well as a large facility in Florida, for Chinese multinationals.Citing the economy of all-water versus ship-train routes, spokesperson for the South Carolina Ports Authority Allison Skipper said: ‘The key advantage to all-water routes is in cost. The US east coast can handle freight more cost-efficiently and at a lower carbon footprint. With the Panama Canal expansion coming online, ports like Charleston will ultimately benefit from more direct, all-water calls by larger vessels.‘Since about 70 per cent of cargo destined for our end-market is offloaded in west coast ports today, all-water routes provide a tremendous opportunity for the east coast to get a greater share of cargo that serves this region.’