Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Dalian Port News

02 Feb 2022

Global Container Flows Struggle to Pick Up Speed, Data Shows

© Idanupong / Adobe Stock

Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail goods and pandemic-related lockdowns, the latest shipping data shows.Delays at U.S. major ports have been particularly severe, but knock-on effects have also been felt around the world.This week's Lunar New Year holiday in China and across Asia is also expected to aggravate delays.The journey time from China's northern Dalian port to the…

12 Jul 2021

Shell to Supply PetroChina with Carbon Neutral LNG

Illustration - Shell's Prelude FLNG unit in Australia / File Photo: Shell

Oil major Shell has signed a five-year contract with PetroChina to supply the Chinese company with carbon-neutral liquefied natural gas (LNG) cargos, Shell said on Monday.Many companies, particularly those in the fossil fuel industry are using tools such as carbon offsets to compensate for emissions they are unable to cut in their operations.For each cargo delivered under the agreement the two companies will "cooperate to offset life-cycle carbon dioxide equivalent (CO2e) emissions generated across the LNG value chain, using high-quality carbon credits from nature-based projects," Shell said.N

09 Oct 2018

Iranian Tanker Offloads Oil for Bonded Storage in China

A vessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday, according to Refinitiv Eikon data and a shipping agent with knowledge of the matter.Iran, the third-largest producer in the Organization of Petroleum Exporting Countries (OPEC), is finding fewer takers for its crude ahead of U.S. sanctions on its oil exports that will go into effect on Nov. 4. The country previously held oil in storage at Dalian during the last round of sanctions in 2014 that was later sold to buyers in South Korea and India.The very large crude carrier Dune, operated by National Iranian Tanker Co…

16 Aug 2018

Another Ship Carrying US Soybeans Enters Dalian Port

A vessel carrying U.S. soybeans entered China's port of Dalian after sitting off coast since July 24, according to shipping data on Thomson Reuters Eikon on Thursday.The movement of the ship, the Star Jennifer, suggests it is preparing to unload its cargo, the second to enter China this week and incur hefty import tariffs Beijing imposed on U.S. products last month amid an escalating trade row.The unloading follows the departure of Peak Pegasus from the same port on Thursday after discharging its cargo of 70,000 tonnes of U.S. soybeans.(Reporting by Hallie Gu and Josephine Mason; Editing by Tom Hogue)

13 Aug 2018

Peak Pegasus Finally Unloads US Soybeans in China

A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and Washington.The docking of the vessel after five weeks anchored off China's coast ended long-running speculation over the fate of the cargo, which had captured public attention.China's state grains stockpiler Sinograin confirmed in a fax to Reuters it will pay the additional 25 percent import tariff on its 70,000 tonne cargo of the oilseed. That equates to about $6 million.Comments on the country's Twitter…

26 Mar 2018

COSCO Shipping Ports More than Doubled Profit in 2017

Hong Kong-based port operator COSCO Shipping Ports said that it 2017 profits have more than doubled from a year earlier, partly due to a one-off disposal gain and higher operating profits. The subsidiary and listed company of China COSCO owned by COSCO Group said that its profit  reached USD 512.4 million in 2017, representing an increase of 107.4 pct compared with 2016 when the profit stood at USD 247 million. The firm's full year revenue rose 14% to US$634.7 million. Benefitting from the economic recovery and with growth fueled by its acquisitions, the Group has achieved promising results for the year, with total throughput of 100,202,185 TEU. During the year, it completed the acquisition of a 51% equity interest in Noatum Port Holdings S.L.

26 Jan 2018

Sea Ice Could Disrupt Shipping in Northern China

A January 26 satellite image shows sea ice in Northern China (Photo: China’s National Marine Environmental Forecasting Center)

A unit of China's State Oceanic Administration (SOA) on Friday issued a blue alert for sea ice in a key port area in the north of the country, potentially disrupting commodities shipments, as temperatures in the region plummet. Sea ice in the Liaodong Bay, the northern arm of China's Bohai Sea, now extends 67 nautical miles (124 km) from the shoreline, the North China Sea Marine Forecasting Center said in an 0700 GMT alert. Ice also extends 18 nautical miles out in the northern part of the Yellow Sea, the Center said.

09 Aug 2017

Global Bulk Terminals Market to Grow 5.1%

Global Bulk Terminals market is expected to grow from $5.20 billion in 2016 to reach $7.41 billion by 2023 with a CAGR of 5.1%, said Forecast Research Study. Rising demand from industrial output, increasing usage of bulk commodities and its affordability in emerging countries are some of the factors fuelling the market. In addition downfall of coal consumption and business reforms in some countries are hindering the market growth. Based on type, dry bulk segment has acquired the largest market share and growth of this segment is attributed to developing countries and their cleaner energy utilizing approach and thus restricting the coal consumption.

04 Aug 2017

Dalian Port Merges Container Terminal Facilities

China's Dalian Port (PDA) Company  announced that its subsidiary Dalian Container Terminal Company inked deals to acquire the total assets, liabilities, interests, and businesses of two container terminal subsidiaries, Dalian Port Container Terminal (DPCT) and Dalian International Container Terminal (DICT). "Dalian Port Container entered into the Equity Transfer Agreement with the Vendor, pursuant to which the Vendor conditionally agreed to sell, and Dalian Port Container conditionally agreed to purchase the Sale Shares, representing 20% of the total equity interest in the Target Company, at a consideration of US$18,000,000 in cash," said a statement. Prior to the Acquisition, Dalian Port Container and the Vendor were both shareholders of the Target Company.

27 Jun 2017

Wan Hai Boosts China - Southeast Asia Service Network

Wan Hai Lines has announced its plan to expand the service network on China-Vietnam/Thailand corridors in July, by restructuring China-Vietnam-Thailand (CVT service) and cooperating with COSCO Container Lines with a new joint N.PRC-Thailand service (CT1) and securing slots on COSCO’s E.PRC-Thailand service. Wan Hai Lines’ independent CVT service will be restructured with effect from 10th July 2017, and turn into a China-Vietnam express dedicated service (CV1 service) with three vessels of 1,200 TEU intakes, which covers Shanghai – Qingdao – Xiamen – Hong Kong – Shekou – Da Nang – Hochiminh – Shekou – Shanghai. The new joint service with COSCO, to be named CT1 by WHL, will deploy three vessels with intake of 2,100 TEU.

13 Jan 2016

China Merchants to Take 21.05% Stake in Dalian Port

China Merchants Holdings (International) Company Limited, has announced that it has signed a share subscription agreement with Dalian Port (PDA) Co., under which Dalian Port will issue 1.1bn new shares to China Merchants for HK$4.3bn ($554m). Upon completion of the transaction, China Merchants will hold a 21.05% equity stake of Dalian Port, becoming the second largest shareholder. China Merchants Holdings, which will become Dalian Port's second-largest shareholder after the purchase, said the deal allows it to strengthen its ports network within China and enhance its port-service network. China Merchant said it has been striving to further strengthen its ports network within China…

29 Oct 2015

Shanghai Port Logs Quarterly Profit Fall

Shanghai International Port Group Co Ltd, the operator of the world's busiest container port, reported its first fall in quarterly net profit in over a year, providing evidence of China's economic slowdown. China, the world's second largest economy, grew 6.9 percent in the third quarter, dipping below 7 percent for the first time since the global financial crisis due to cooling trade and investments. Shanghai Port recorded a third quarter net profit of 1.4 billion yuan ($220.29 million), down 18.3 percent from the same period a year earlier, it said in a filing on the Shanghai stock exchange. That marked the first decline since the second quarter of 2014, Eikon data based on company data showed. In the first nine months, Shanghai Port's net profit dropped 3.3 percent to 4.5 billion yuan.

23 Sep 2015

Shanhaiguan Books Order for Six Containerships

China’s Shanhaiguan Shipbuilding Industry has booked an order to build up to six feeder containerships for Dalian Port Wantong Logistics and Dalian Jifa Ship Management. The newbuilding contract will see the affiliate yard of China Shipbuilding Industry Corporation (CSIC) construct two 1,100 teu boxships, plus an option to build four more similar vessels. The container vessels are expected to be deployed in domestic waters and along the Yangtze River. The 20,000 dwt newbuildings will be 152 meters long, 25 meters wide, with a draft of 9 meters. The boxships were ordered by Dalian Jifa Ship Management, a joint venture between Dalian Port Group and Dalian Jifa Bohai Rim Container Lines…

02 Jul 2015

Mega Valemax Enteres China for First Time in Two Years

Mega-ore carrier  Valemax  Yuan Zhuo Hai, which is owned by China Ore Shipping,  has arrived Dongjiakou Port in Qingdao for unloading iron ore. This is the first entry of such a bulk carrier tonnage in the sea port of China for the past two years. Yuan Zhuo Hai is one of four 400,000dwt VLOCs acquired by China Ore Shipping from Brazilian ore giant Vale. The 400,000 dwt Valemax is expected to be part-laden, having called at Vale's Subic Bay iron ore transhipment terminal in Philippines after loading its initial cargo at the miner's Brazilian Itaqui port, according to Platts vessel tracking tool, cFlow. While China’s ministry of transport has yet to officially announce that valemaxes will be allowed to call at Chinese ports…

25 Feb 2014

First Valemax Ship to Discharge in Malaysia

Photo: Vale

Reuters - Brazil's Vale SA will launch in March the first phase of its iron ore storage and distribution center in Malaysia that will improve its access to China, its biggest customer, a company official said on Tuesday. The world's top iron ore miner, whose huge Valemax vessels are banned from Chinese ports, built the Malaysian terminal to better compete with Australian rivals Rio Tinto and BHP Billiton. The 400,000-deadweight metric ton (dwt) vessels, the world's biggest bulk carriers…

25 Apr 2013

Global Container Ports: Shares to Watch

Drewry Maritime Equity Research takes a positive view on the global port sector thanks to an improved outlook for a global economic recovery, driven by areas of favorable supply demand dynamics. Container trade is predicted to grow by 4.7% this year and 5.7% next year, reaching 684 million teu by the end of next year, according to the latest forecasts from Drewry. Port capacity is only expected reach 994 million teu by 2014 increasing at a CAGR of 3.9% since 2011, which will nudge average utilization up to 69% in 2014 from 67% in 2011. However, there will be wide regional variations, leading to very different utilization levels across geographies.

13 Mar 2012

Aircraft Carrier – China's First – to Commission Soon

Aircraft Carrier ex-Varag: Photo Credit US Federal Govt.

Xu Hongmeng, deputy commander of the Navy of the Chinese People's Liberation Army, said the PLA plans to put the carrier, which has undergone four sea trials into service this year. The former Varyag, which is docked in Dalian Port, in Northeast China's Liaoning province, is currently equipped with life-size model planes. China's first aircraft carrier, a retrofitted former Soviet vessel, set out on its maiden voyage on Aug 10 and returned to port five days later. It underwent three more sea trials in the Pacific.

14 Aug 2007

Agreement for Developing New Terminal in China

Odfjell and Dalian Port (PDA) Co., Ltd., a Hong Kong public listed company on the one side, and Caofeidian Industry Zone (CFDIZ) on the other side, have signed an agreement for the development of a world class tank terminal for oil and chemical products, including chemical gases. Odfjell and Dalian Port will form a joint venture company to design, build and operate this new tank terminal, which will be located within the CFDIZ, the largest reclaiming of port land in the history of China totalling impressive 310 square kilometers. The area allocated by the Industry Zone to this terminalling joint venture is over 750 000 square meters, with 1600 meter waterfront of 15 meter water depth and thereby allowing ships of up to 100,000 dwt.

13 Nov 2006

MPRI Signs Contract with Dalian Port

MPRI, a global leader in maritime simulator products, services and turnkey training facilities, today announced the sale of its maritime crane simulator to the Dalian Port Container Terminal Co., Ltd (DPCM), located in Dayao Bay, Dalian, China. The MPRI crane simulator is the sixth purchased by a Chinese port to date adding to those already in use at the Ports of Yantian, Ningbo, Tianjin and Shanghai. In addition, the DPCM simulator will include the only module on the market today for tandem-lift cranes. The MPRI crane simulator can be tailored to meet the precise needs of various ports' crane systems. DPCM specifically purchased a back projector model consisting of two modules, a ship-to-shore (STS) dock gantry single-lift system with tandem-lift technology and a rubber-tire gantry (RTG).

22 Jun 2006

Maritime Exercise Held in China

China's largest ever maritime search-and-rescue exercise, involving 400 people, 28 fleets, two helicopters and an aircraft, was carried out on Thursday in the waters near Dalian Port, northeast China's Liaoning Province. The exercise started when a collision between a passenger ferry and a cargo boat was reported and the National Maritime Rescue Emergency Plan was enacted immediately. The main elements of the exercise, including the rescue of 368 passengers and dozens of sailors, fire-fighting and cleaning up an oil spill, were completed in 90 minutes. By involving 24 departments including the maritime department, the rescue department and the navy…

12 Jun 2003

NOL Names Lim as President and CEO

Singapore-based container shipping group, Neptune Orient Lines (NOL), has appointed David Lim as group president and CEO. Lim will assume his new role on July 10, where he will join Group CFO Lim How Teck as an executive director on the NOL Board. Lim has experience in both the public and private sectors, including as CEO of the Port of Singapore Authority (PSA), where he initiated the global expansion of the world leading transportation hub with the acquisition of the Dalian Port in China; as CEO of China-Singapore Suzhou Industrial Park in China, CEO of Jurong Town Corporation and most recently as a Singapore Government Cabinet Minister.