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Old July 9th, 2008, 10:26 AM   #161
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Tianjin Harbor impresses journalists

http://en.beijing2008.cn/bocog/bocog...14423578.shtml

Quote:
(BEIJING, June 26) -- More than 40 Beijing-based journalists, including those working with the AP and French TV channel TF1 were brought to Tianjin Harbor to get a first-hand look at how the harbor will serve the Beijing Olympic Games with efficient operations.

On the agenda of the visit was a tour of the Tianjin International Trade and Shipping Service Center. Inaugurated in 2005, the center combines comprehensive functions such as government services, international trade, market operations, information diffusion, public supervision and human resource exchange. The building contains offices of the customs house, inspection and quarantine, maritime service and frontier checkout, as well as trading, shipping, logistics and broker agencies, with an aim to provide feasible and convenient passage of cargos, boats and personnel.


Loading operations attract journalists.

Photographers shoot footage of boat movements.
Highly efficient services from staff members of close to 400 service areas ensured rapid handling of import and export goods to meet the demands of customers.

Tianjin, the closest sea port in China to the Olympic host city of Beijing, has set a special mechanism to handle customs procedures for Olympic goods through "one-stop service." The harbor gives priority to loading, berthing and quarantine services and provides a "green passage" for Olympic goods. So far procedures of customs, storage and transportation for some 400 containers of Olympic goods, including sports and broadcasting equipment, have been handled.


An official of the Tianjin International Trade and Shipping Service Center answers a question from the press.
The journalists also visited the Tianjin container terminal, ranking sixth in the world in terms of freight handling capacity.

Organized by the Beijing Olympic Media Center, the trip left reporters with a deep impression of the harbor's modern technologies and managing levels.


Journalists visit the Tianjin International Trade and Shipping Service Center.
Port of Tianjin pitctures taken on July 6th (bohaibbs.org)













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Old July 9th, 2008, 06:45 PM   #162
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COSCO Shipping reports 140% growth in H1

2008-07-09

Shanghai-listed COSCO Shipping Co Ltd announced on Wednesday that business revenue in the first half was up 41 percent over the same 2007 period to 3.46 billion yuan ($505.1 million), with net profits at 853.05 million yuan.

The listed arm of China's major ocean shipping group COSCO, the company realized 1.3 yuan in earnings per share for the six months, a growth of 140 percent on the same period of last year.

Its net assets per share averaged 6.06 yuan, up 49.96 percent, and the net assets per share ratio was up 8.09 percentage points to 21.48 percent.

Owning and operating 90 ships, COSCO Shipping offers liner services to Southeast Asia, Bangladesh, Burma, the Persian Gulf, the Red Sea, Africa, Europe and America. It specializes in the transport of oversized and super-heavy cargoes, non-container cargoes, and cargoes with special loading and discharging requirements.

http://www.chinadaily.com.cn/bizchin...nt_6831521.htm
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Old July 12th, 2008, 03:31 AM   #163
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For Tianjin port, does colors of the cranes mean anything? There was green, blue, and red ones.
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Old July 12th, 2008, 10:29 PM   #164
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Shanghai leads with cargo science

2008-7-11

SHANGHAI has made a major breakthrough in advanced logistics systems handling bulk cargo. The breakthrough will make city ports the most advanced in the country, the Shanghai Science and Technology Commission announced yesterday.

Developed by the Shanghai International Port (Group) Co Ltd, the technology will see the complete automation of bulk cargo loading and unloading at Shanghai ports with the most advanced equipment in the world, the commission said.

Of the cargo currently handled by local ports, 30 percent is bulk cargo such as iron ore and other mining or construction materials, while the rest is containers and liquids.

The technology will improve the security, quality and efficiency of the port when handling bulk cargo, commission officials said.

The company has spent three years researching bulk cargo equipment technology and has 38 patents on the new equipment. It created the first automatic ship loading machine, which uses an automatic detection technique so that it can load without manpower.

Because the World Expo is to be held in Shanghai in 2010, 65 small bulk cargo docks along the Huangpu River have been moved to Baoshan District.

In 2007, the handling capacity of bulk freight at Shanghai ports reached 3.565 billion tons.

http://www.shanghaidaily.com/sp/arti...cle_366349.htm
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Old July 13th, 2008, 06:28 PM   #165
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Yantian container traffic drops amid US downturn
Shenzhen port hurt by weaker economy and policy changes

South China Morning Post
July 5, 2008 Saturday

For the first time in its history, container volume at Shenzhen's huge Yantian port has fallen, a sign that a slowing United States economy and mainland policy changes are cutting into exports.

Yantian is expected to report for the first half a drop in throughput, which has declined for five consecutive months by 6 per cent to 3.5 million 20-foot equivalent units. The exact figure for last month is not available.

And the slowdown is not limited to Shenzhen. Shanghai, the mainland's largest port, also saw growth cut to a single digit in May, when it posted an 8 per cent increase in throughput.

Analysts say a complex set of factors are to blame: the economic slowdown in the US, a cut in the across-the-board export tax rebate, yuan appreciation and changing labour laws. All have left the export and import-oriented terminals fighting a hard battle to maintain growth.

Analysts said Yantian port, controlled by Hutchison Whampoa, was being especially hurt by a weakening US economy, since about 70 per cent of its shipping line customers served the transpacific trade.

The slump at Yantian has proved a drag on the entire Shenzhen port system, which consists of Yantian in the east and Shekou and Chiwan ports in the west. Together, they serve as the gateway for merchandise from the Pearl River Delta to the world.

Shenzhen, the second-busiest port on the mainland, saw growth halved to 7 per cent in the first half, down from 14 per cent on average last year, Ma Yongzhi, a vice-director general of the Bureau of Communications of Shenzhen said yesterday in Changsha, Hunan.

The slowing trend is likely to continue.

"The risk is building for next year when manufacturers negotiate new contracts with importers from the west," said Geoffrey Cheng, a transport analyst for Daiwa Institute of Research.

"Owing to rising costs and an appreciating yuan, some factories may trim their exporting contract volume, which will lead to further declines in throughput growth next year."

However, ports in Shenzhen west still maintained strong growth in the first six months with a 20 per cent increase in container throughput, said a manager from China Merchants International, which operates the ports in the west.

The ports' even distribution of routes - calling on European, US and Asian destinations - has helped the firm defy weakening US demand. Shekou handled 34 per cent more containers in the first five months.

"We are looking at attracting more domestic shipments to Shenzhen to reduce the impact from the export slowdown," Mr Ma said.

In the past, Shenzhen has been too occupied with international direct cargo, allowing much of the domestic cargo to go to neighbouring ports such as Nanshan.

Mr Ma said the port had decided to adjust its strategy to increase the proportion of domestic cargo.

A proposal is being examined by the Shenzhen municipal government to change the proposed Da Chan Bay Terminal phase three into a feeder port for domestic shipments rather than a bulk port as suggested in a previous study.

The new phase would help the first two phases in Da Chan Bay, which have just come on stream this year, to cater to more domestic shipments.

However, from a port operator's point of view, domestic shipments are less attractive because rates are less than half those levied on international shipments, according to industry sources.
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Old July 16th, 2008, 06:11 PM   #166
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Cooool!
Go China!
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Old August 4th, 2008, 11:42 AM   #167
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Brazil's Vale spends US$1.6 billion for ore ships
http://ap.google.com/article/ALeqM5hYcER-e...-bz11wD92B4HKO0
By ALAN CLENDENNING
8/3/2008

SAO PAULO, Brazil (AP) — Brazilian mining company Vale has placed a US$1.6 billion order for 12 huge iron ore carriers from China's Rongsheng shipbuilder, and the vessels will be the biggest of their kind in the world, Vale said Sunday.

Companhia Vale do Rio Doce SA said in a statement that the ships will be used to create a "dedicated route" to ship the company's iron ore from Brazil to Asia, a key market where iron ore is used as the main raw ingredient for steel production.

The ships, which Rongsheng Shipbuilding and Heavy Industries will build for Vale — the world's largest iron ore producer — will have a capacity of 400,000 deadweight tons each. The ship deal comes on top of a US$59 billion investment program through 2013 already promised by Vale.

The first of the ships will be delivered in 2011, and the order should be completed by 2012, allowing Vale "to reduce the cost of long-haul maritime transportation of iron ore to steel makers," Vale said in its statement.

When combined with other ships already used by Vale and additional ships on order, Vale's fleet will have the capacity of carrying 30.2 million metric tons of iron ore per year from Brazil to Asia. Most of Vale's Asian exports go to China.

Vale last month raised US$11.5 billion to fund operations and possible expansion by selling new stock in New York, Paris and Sao Paulo.

The company said at the time that the money could be used to finance it's US$59 billion investment plan, and would be dedicated to "general corporate purposes" — which could include "strategic acquisitions and increased financial flexibility."

Vale is the second-largest mining company after Anglo-Australian BHP Billiton Ltd. The company's American depository shares closed down 5.8 percent Friday in New York, or US$1.75, to US$28.28.
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Old August 4th, 2008, 11:57 AM   #168
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interesting.....
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Old August 4th, 2008, 01:43 PM   #169
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Shipbuilder Cosco's Q2 jumps 60 pct, outlook stable

Mon Aug 4, 2008

SINGAPORE, Aug 4 (Reuters) - Shipbuilding and repair firm Cosco Corp (Singapore) (COSC.SI: Quote, Profile, Research), 53-percent owned by China's government, posted a 60 percent rise in quarterly profit on Monday, boosted by a booming ship repair and building business.

Cosco, controlled by the mainland's biggest shipping firm China Ocean Shipping (Group) Co, said it remained confident of its prospects for the full year.

The company said it has not been hit by any order cancellations for its new ships, after stocks of Singapore-listed shipbuilders including Cosco fell on Monday on news of order cancellations from Korean shipbuilders.

"People are concerned about what is happening in Korean shipyards. I'm glad to tell you we did not receive cancellations of newbuildings at present," Cosco President Ji Hai Sheng told a media briefing.

"In future, the situation could change but (parent) COSCO Group is doing quite well," he said, adding that the firm would not accept orders from smaller and financially weaker companies.

Despite the slowing global economy, Ji said Cosco would not slow down the expansion of its facilities, which would boost capacity 88 percent by early 2010, on a bright outlook for rigbuilding.

The Singapore-listed firm earned S$128.7 million ($94 million) in the April-June quarter, compared with S$80.4 million in the year-ago period.

Analysts are worried that shipbuilders such as Cosco will be hit by higher steel costs, which will have an impact on operating margins for the full-year.

The firm's sales of scrap materials during the period more than doubled to S$38.4 million from S$17 million a year ago, thanks to the soaring steel prices and as the firm takes on more ship conversion contracts.

Cosco is expected to post full-year mean net profit of S$479.8 million, up 43 percent for a year ago, according to 12 analysts polled by Reuters Estimates before Monday's results.

Second-quarter revenues doubled to S$1.05 billion from S$512.3 million a year ago.

Cosco said its order book stood at $7.4 billion in the second quarter, reflecting slower growth from the previous quarter as it has tightened its rules on the recognition of new orders. It now books an order only after it receives the downpayment

http://uk.reuters.com/article/rbssIn...BrandChannel=0
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Old August 23rd, 2008, 01:26 AM   #170
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Shipyard H1 profits advance 15% on demand

2008-8-23

GUANGZHOU Shipyard International Co, a unit of China's biggest shipbuilder, said first-half net income increased 15 percent as rising demand for vessels allowed it to increase contract prices.

Net income climbed to 533.1 million yuan (US$78 million), or 1.08 yuan a share, from 465.2 million yuan, or 0.94 yuan, a year earlier, the company said in a statement to the Hong Kong stock exchange yesterday. Sales rose to 3.08 billion yuan from 2.33 billion yuan. The numbers were prepared in accordance with Hong Kong accounting standards.

Record raw material imports are spurring vessel orders at Chinese shipyards, pushing the nation toward overtaking South Korea as the world's biggest ship maker, Bloomberg News said. The company's full-year profit will get an additional boost from doubled production capacity after it completes the acquisition of Guangzhou Wenchong Shipbuilding Ltd from its parent, it said this month.

http://www.shanghaidaily.com/article...&type=Business
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Old September 18th, 2008, 12:11 PM   #171
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Shipyard to boost capacity

2008-09-18


Dalian Shipbuilding Industry Co Ltd (DSIC), one of the nation's biggest shipyards, plans to boost production from this year's 3 million dwt to 10 million dwt by 2020.

DSIC expects sales of 17 billion yuan this year from its ships - including tankers, chemical and product carriers, containerships, LPG and LNG - and engineering and offshore platforms.

"We are now in the best period for the shipyard in terms of its development and economic efficiency," Sun Bo, general manager of DSIC, said.

DSIC was China's first shipyard to build a 300,000-dwt very large crude oil carrier (VLCC). Twenty-four months in the making, its first VLCC was delivered to the National Iranian Tank Co in August 2002.

"The first VLCC realized the dream of generations of Chinese shipbuilders to break the monopoly on these very large vessels," Sun said.

The shipbuilder has since received orders for more than 35 VLCCs for clients.

http://www.chinadaily.com.cn/bizchin...nt_7038381.htm
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Old September 18th, 2008, 12:48 PM   #172
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Looks like the recent downturn in the global economy hasn't been felt yet in the shipping sector.
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Old September 30th, 2008, 08:51 AM   #173
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China's shipbuilding orders account for forty percent of global total


September 25, 2008


China's shipbuilding industry received 98.45 million deadweight tons (DWTs) in new orders, accounting for 42 percent of the global total, said Zhang Guangqin, chairman of the China Association of the National Shipbuilding Industry (CANSI) on the Nantong Shipbuilding Industry Development Forum.

He said China completed its 18.93 million DWTs in 2007, accounting for 23 percent of the global total.

Experts estimate that China's total shipbuilding output will reach 24 million tons by 2015, or 35 percent of the global total, making China the No.1 shipbuilding country in the world.


http://english.people.com.cn/90001/90776/6506308.html
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Old October 27th, 2008, 11:58 PM   #174
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A city record - very big and very advanced

2008-10-28




THE world's biggest crude oil tanker, made in Shanghai, is expected to be delivered this week, five months ahead of the original schedule, the Shanghai Waigaoqiao Shipbuilding Co said yesterday.

The 318,000 dead-weight-ton tanker, Hua San, represents the largest Very Large Crude Carrier (VLCC) under the structural rules formulated by the International Association of Classification Societies Ltd.

The carrier will be delivered to its owner, a Singaporean shipping line, on Thursday or Friday, He Baoxing, a Shanghai Waigaoqiao press official told Shanghai Daily yesterday.

This marks another key milestone for the local shipbuilding industry in Shanghai, whose Changxing Island is on course to become the world's leading builder.

Just two weeks ago, a 297,000-DWT vessel, the Yangtze Pearl, which was the largest VLCC built in Shanghai up to that time, began its maiden voyage. The Yangtze Pearl was built by the Shanghai Jiangnan-Changxing Shipbuilding Co, a subsidiary of Shanghai Waigaoqiao.

The Hua San, is 333 meters long, has a beam of 60 meters and features advanced technology using thickened materials in crucial parts of the tanker.

http://www.shanghaidaily.com/article...&type=Business
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Old October 28th, 2008, 11:03 PM   #175
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China more than doubles ship exports in 1st 7 months

2008-10-28


BEIJING, Oct. 28 (Xinhua) -- China sold abroad 1.4 million vessels in the first seven months of this year, a growth of 170 percent on the same period of last year, customs sources said on Tuesday.

The exports were valued at 10.58 billion U.S. dollars, up 61.6 percent, according to the General Administration of Customs.

The administration attributed the growth to the nation's comparative advantages in labor cost, ship building technology and infrastructure for the business.

The total export value included 3.49 billion U.S. dollars for container vessels, up 81.7 percent, 2.84 billion dollars for liquid cargo ships, up 53.3 percent, and 2.04 billion dollars for bulk cargo ships, up 54.6 percent. The three categories combined to account for 79.2 percent of the total ship export value.

Nearly 90 percent of the exports were achieved through processing trade.

Of the total export value, 63.4 percent, or 6.71 billion U.S. dollars was earned by state-owned enterprises, up 35.9 percent. Foreign-funded and private businesses recorded export value of 2.28 billion dollars and 1.24 billion dollars, respectively, up 150 percent and 170 percent.

The European Union, ASEAN members and Hong Kong were the major target markets of the ship exports by the Chinese mainland.

http://news.xinhuanet.com/english/20...t_10265257.htm
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Old October 31st, 2008, 10:25 AM   #176
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China State Shipbuilding net profit up 48.64% in Q3

30 Oct 2008

China State Shipbuilding Co Ltd the Shanghai-listed unit of the country's biggest shipbuilder China State Shipbuilding Corp, announced on Tuesday that its net profit for the third quarter of this year surged 48.64% year-on-year to hit RMB 1.24 billion, fuelled by investment gain.

In the Jul. to Sep. period, the company's revenue surged 45% year-on-year from RMB 5.26 billion to RMB 7.64 billion. Earnings per share stood at RMB 1.818. Investment gain soared to RMB 54 million, compared with RMB 10.6 million in the same period last year, according to its financial report filed with the Shanghai Stock Exchange.

For the first nine months this year, CSCS posted net profit of RMB 3.153 billion. Earnings per share were RMB 4.759, up 8.3% from a year earlier. Revenue soared 41.89% to 18.39 billion from the corresponding period last year.

Shares of CSCS went up 4.52% to RMB 34.25 at 2:45 pm on Wednesday.


http://news.alibaba.com/article/deta...et-profit.html
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Old November 6th, 2008, 02:02 AM   #177
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Shanghai port activity runs deep

2008-10-29


THE Yangshan Deep Water Port is full steam ahead and on track for Shanghai's goal of making the city an international shipping hub.

The project's developer plans more auxiliary facilities and value-added businesses.

Phase III-B, the final phase of the project's main northern development, is due to be operational this December, bringing the port's annual designed handling capacity to 9.3 million 20-foot-equivalent units (TEUs) with 16 berths.

Construction on the project's new western section would start next year and the section would be gradually put into use from 2010 through 2013, said Liu Zuoliang, chairman of the Shanghai Tongsheng Investment Group, which started to develop the deep water port in 2002.

The western development will include 10 to 12 berths in relatively shallower water, with designed annual capacity of 7 million TEUs.

"We don't want to start them too hastily, as current capacity expansion can meet demand growth, which has shown signs of easing," Liu told reporters yesterday.

He said that while the northern section's design capacity was 9.3 million TEUs, this could be expanded to between 12 million and 15 million TEUs.

The port handled 6.09 million TEUs in the first nine months, and is expected to handle 8.5 million TEUs for the whole year. This compares to the full-year government forecast of 28.5 million TEUs for the whole of Shanghai.

Liu said his company would open a ferry center in the western extension, and further develop logistics, processing, tourism and other infrastructure in the northern area.

The port, connected to Shanghai by the Donghai Bridge, also plays a key role to ensure the city's energy supplies. An area has been developed that serves as an energy port, housing liquefied natural gas receiving facilities and refined oil storage tanks.

The LNG facilities are expected to receive the first cargo of clean fuel from Malaysia early next year.

http://www.shanghaidaily.com/article...&type=Business
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Old November 6th, 2008, 02:03 AM   #178
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Ships To Be Fitted With Solar Power


2008-10-30

CHINA COSCO Holdings Co, the world's biggest operator of dry-bulk ships, signed an initial accord with Solar Sailor Holdings Ltd yesterday for the Australian company to develop renewable power systems for tankers.

Solar Sailor will design and engineer wind and solar power units for a COSCO tanker and bulk carrier, said Ian Macdonald, minister for state development in Australia's New South Wales. Solar Sailor fits wing-shaped solar panels to vessels to generate solar power as well as capture energy from the wind.

http://www.shanghaidaily.com/sp/arti...cle_378751.htm
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Old November 25th, 2008, 04:46 PM   #179
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Container throughput may shrink next year, Citi says
Slowdown could hit mainland ports run by HK-listed firms

25 November 2008
South China Morning Post

The growth in container shipments through the mainland's major foreign trading ports had slowed rapidly and could turn negative next year, affecting several Hong Kong-listed port operators, industry experts said.

"With the financial tsunami sweeping the world, growth at China's foreign trade container ports cooled to 10 per cent in the first 10 months of this year, compared with more than 20 per cent per annum in the past five years," said a recent Citi report by Ally Ma and Brian Lam.

"Growth in September and October slowed sharply to 5 per cent, with ports servicing light manufacturing bases getting hit the hardest."

The report said the downturn might continue to worsen in the fourth quarter.

It said container throughput at the major foreign trading ports might decrease in the first half of next year and only recover mildly in the second half, at the earliest.

The Citi report defined the major foreign trading ports, beginning with the largest, as Shanghai, Shenzhen, Qingdao, Tianjin, Ningbo, Xiamen and Dalian.

The trade slowdown would hurt several Hong Kong-listed mainland port operators, including Cosco Pacific, China Merchants International (Holdings), Tianjin Port Development and Dalian Port, the Citi report said.

It gave Cosco Pacific a "sell" rating, saying it was the most vulnerable of the ports to the trade slowdown, with most of its earnings coming from container leasing and manufacturing.

Citi cut its 2009-2010 earnings forecasts by 14 per cent for Dalian Port and 24 per cent for China Merchants and Tianjin Port.

The Pearl River Delta, a major light manufacturing base that exports extensively to the United States and Europe, was among the hardest hit, according to the report. Shenzhen port recorded a 2.3 per cent decline in shipments in September and an 8.3 per cent decline last month.

"[Based on] analysis of leading indicators including the Canton Trade Fair, the fourth quarter and first half of 2009 could be extremely difficult," the report said. "The Canton Trade Fair from October 15 to November 6 in Guangzhou was the most dismal in its history. Value of contracts signed at the event declined by 17 per cent."

Growth in throughput at Hong Kong's container port slowed from 7.3 per cent in August to 1.2 per cent in September and minus 2.9 per cent last month, the Hong Kong Port Development Council said.

"In the coming six months for Hong Kong and Shenzhen, the trend will be worse," said Sunny Ho Lap-kee, executive director of the Hong Kong Shippers' Council. "The negative growth will be bigger."

Shenzhen's ports might possibly experience a decline in container throughput next year, he predicted.

"For 2009, we believe Hong Kong and China's international trade with the US and Europe will drop."

China's domestic trade and intra-Asian trade could partly offset the decline in international trade for Hong Kong and mainland ports, he said.

However, since the terminal handling rates for the domestic and intra-Asian trade are much lower than for international trade, the decline in foreign trade would cause the revenue of terminal operators to drop substantially, Mr Ho said.
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Old November 28th, 2008, 11:56 AM   #180
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Shipbuilding industry to see blue in three years

2008-11-28


After two or three years' blowout, the Chinese shipbuilding industry will face a real test in 2011-2012, and the situation will be worse during the financial crisis, said a report from today's Shanghai Securities News.

Shipbuilders in China are still busy because most orders are due to finish by 2011. Are they heading for a problem?
Figures from China Association of the National Shipbuilding Industry show in the past three quarters of this year shipbuilders finished 16.82 million deadweight tonnages (DWT), up 40 percent year on year, with new orders of 57.17 million DWT, down 11 percent year on year, and the ongoing orders of 210.84 million DWT, up 63 percent year on year, accounting for 25.6 percent, 38.8 percent and 35.4 percent of global market respectively, said Clarkson, the world's leading integrated shipping services group.

But ship builders still can not sleep well despite these orders. Experts familiar with the matter said gloomy demand, cancellation of orders, and difficulty in raising funds are the potential problems for the industry.

The Baltic Dry Index on November 25 dropped to 824 points, down by 92.6 percent compared with a former record of 11,067 points in May of this year. Recent figures show there are 180 capesize ships casting anchors due to no transportation deals, and the rent was reduced to $5,000 per day from $180,000.

The negative impact has already emerged in the second-hand ship market. "The quoted price has dropped by 50 percent in three weeks," said a senior ship broker to the Shanghai Securities News. A ship's dealt price was $28 million, far lower than the quoted $60 million.

Brokers said biggest problem for ship owners is having no goods to transport. And the order cancellations will be worse if second-hand ship prices keep dropping.

In fact, global market has seen cancellations already. The listed New York Shipping & Trading Ltd declared recently it cancelled six new cargo ships orders worth $530 million. And London's Hellenic Carriers Ltd dismissed a bulk carrier order worthy $69.7 million. Clarkson's figures show 94 ship orders were cancelled in the first eight months of this year, accounting for 1.2 percent of orders.

In addition, the banks are crunching loans, and taking a cautionary attitude towards the shipbuilding industry, which means some builders have difficulty raising funds.

Officials from the Exit & Export-Import Bank of China said shipbuilders and shipping firms are transferring from sellers' market to buyers, which makes the banks reevaluate the credits.

Survivor will be the King

Except for the above mentioned problems, more risks will be seen in three or four years, and those survivors will be the leaders.

According to a report from China International Capital Corporation Ltd, global orders totaled 2.48 million DWT in the first ten months of this year, the lowest since 2006, and orders dropped by 88.2 percent year on year, or by 65.1 percent month-on-month, dropping the fastest since the start of this year. New orders between January to October in 2008 totaled 144.65 million DWT, down 33.8 percent year on year.

The China Association of the National Shipbuilding Industry said most ship builders said it has grown difficult to get more orders since August.

Zhu Nujing, consultant from the association, predicted global ships need 60-70 million DWT by 2010, and the building ability will be 200 million tons. China itself has 60-70 million DWT building ability. "The competition will be fierce," said He.

Among the competition, small and medium ship builders will be the victims, and those new small and medium non-stated builders, who depend on bank loans for infrastructure constructions, will see a crisis on loans return as well.

Zhu added some new ship builders are conducting technology renovation, or finish renovations by 2009 or 2010, and those firms will be in difficulty if the market keeps falling.

However, the large ship builders are still optimistic towards the future. Tan Zuojun, general manager from China State Shipbuilding Corporation, is still confident of surviving the winter.

"The cold winter will make the resource closer for large builders," said Hong Liang, vice-president from Jiangsu Rongsheng Heavy Industries Group Co Ltd, adding the wash out of bulk and container markets will put the market in strong need.

Policies needed

Facing potential difficulties, parties have noticed the risks, and governments are conducting research on ship builders.

On November 15, Premier Wen Jiabao visited CSSC Guangzhou Longxue Shipbuilding Co Ltd, and one week later visited Shanghai Waigaoqiao Shipbuilding Co Ltd. And officials from East China's Jiangsu Province were also doing research at Jiangsu Rongsheng Heavy Industries Group Co Ltd.

The association's Zhu Nujing said in recent years, some provinces are still building more factories. "The result will be hard to imagine," said Zhu. He called on local governments to adjust investments according to market environments.

And the association also suggests the government should improve enterprises' operation environment, take care of chain industries development trends, support good performers on policies, and encourage advanced technologies, mergers and acquisitions.

Besides self-improvement, shipbuilders are also searching for government policy support. Hong Liang expects the government may allow ship mortgage businesses, increase tariff rebates and release forward settlement and sale of foreign exchange businesses to avoid the yuan appreciation risk.

http://www.chinadaily.com.cn/bizchin...nt_7252193.htm
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