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Sipg News

21 Aug 2023

Shipowners, Port Operators Ramp Up Methanol-fueling Projects

(Photo: A.P. Moller-Maersk)

Interest in methanol as an alternative fuel has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of upcoming methanol bunkering-related projects by companies and ports:COMPANIES:A.P. Moller-MaerskMaersk received the world's first methanol-enabled container ship in July. It has 24 more such vessels on order to help it to achieve its goal of using low-emission fuels to transport a quarter of its volumes by 2030.HD Hyundai Heavy Industries expects to build a dozen more such vessels…

13 Jun 2023

Methanol Bunkering Gaining Interest Among Global Players

(Image: Maersk)

Denmark's Maersk said on Monday it has secured fuel for the world's first container vessel able to run on carbon-neutral methanol for its inaugural journey.Interest in methanol as an alternative fuel for bunkering has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of key upcoming methanol bunkering-related projects by companies and ports:COMPANIES:*A.P. Moller-MaerskMaersk has ordered 19 methanol-enabled ships to work towards a goal of transporting 25% of its ocean cargo using green fuels by 2030.

26 Jul 2022

Asian Investors Bet on Haifa Port as Israel Draws Closer to Arab Gulf

© Rostislav Ageev / Adobe Stock

The city of Haifa is set to become an increasingly significant east Mediterranean shipping hub, with Chinese and Indian firms buying into its ports as Israel normalizes ties with its Gulf Arab neighbors under a U.S. diplomatic push.Earlier this month, as U.S. President Joe Biden visited the Middle East, India's largest port developer Adani Ports and Israeli minority partner Gadot agreed to buy Haifa Port for 4.1 billion shekels ($1.18 billion).Its founder, Asia's richest man Gautam Adani…

02 Sep 2021

Israel Opens Chinese-operated Port in Haifa

© Arie / Adobe Stock

Israel has opened a new shipping port along its Mediterranean coast that will bring much needed competition to a sector plagued by delays and boost the country's standing as a regional trade hub.The 5.5 billion shekel ($1.7 billion) Bay Port at Haifa, which will be operated by Shanghai International Port Group (SIPG), will enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel.The country is selling its state-owned ports and building new private docks in an effort bring down costs and cut above-average wait times for vessels to unload.

09 Aug 2021

Haifa Port Sale Expected to Fetch $600m or More, Bidders Line Up

© Rostislav Ageev/AdobeStock

Four investment groups are looking to acquire the Israeli port of Haifa estimated to be valued as high as $600 million with formal bids expected towards October, sources with knowledge of the matter said.Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and bring down costs. At the same time, warming ties with neighboring Arab countries are creating new trade opportunities and Haifa is well placed to become a regional…

01 Nov 2018

Port Groups Join for Go Green Initiative

Five global container port operators have jointly undertaken a week-long initiative to promote sustainable resource usage  in their respective port and facility networks through mass recycling.During the fifth annual Go Green Initiative, 8,332 employees of DP World, Hutchison Ports, PSA International, Port of Rotterdam and Shanghai International Port Group collected a total of 1,966 kg of aluminium cans and 2,227 mobile phones for recycling.The choice of two very different waste products for collection and recycling was intentional.Aluminium cans are one of the most recyclable waste items, while mobile phones are e-waste that contain…

20 Aug 2018

Shanghai International Port Group Buys Kalmar Equipment

Kalmar, part of Cargotec, has secured an order to supply 15 units of container handling equipment to Shanghai International Port Group (SIPG).This order, including a total of 4 units of Reachstackers and 11 units of Empty Container Handlers, has been booked into the Cargotec 2018 second quarter order intake. Delivery of the machines is scheduled to take place in the third quarter of 2018.Founded in 2005, Shanghai International Port (Group) Co., Ltd. is the largest joint-stock port operator in China. In 2017, the total cargo throughput volume for SIPG reached 700 million tons and the container throughput also exceeded 40 million TEU, making it as the largest container port in the world.SIPG operates all the public container and bulk terminals in port of Shanghai…

01 Jun 2018

Port of Hamburg Delegation in China

A delegation from Hamburg was in China from 14 to 18 May, visiting companies in Zhengzhou, Shanghai and Hangzhou. Organized by Port of Hamburg Marketing (HHM) in cooperation with the Hamburg Representative Office in Shanghai, the delegation’s tour was led by Axel Mattern, HHM’s Joint CEO, and Mathias Schulz, its Head of Market Development Asia. The delegation included representatives of TCO Transcargo, Rostock Port, Trelleborgs Hamn, Hamburg Port Authority (HPA) and Hamburg Invest. The focus was on discussions with leading import and export companies, along with Chinese logistics providers for sea and rail services. In addition, the delegation was extremely impressed by developments on the expansion of Chinese infrastructure.

19 Nov 2017

Moody's on Shanghai Port Tariff Cut

Moody's Investors Service says that the announcement by China's National Development and Reform Commission (NDRC) of a cut in the handling tariff for import and export containers is credit negative for Shanghai International Port (Group) Co., Ltd (SIPG), but will not immediately affect SIPG's A1 issuer rating or the A2 backed senior unsecured bond ratings of Shanghai Port Group (BVI) Holding Co., Ltd. The ratings outlook remains stable. "The reduction in tariff will negatively impact SIPG's profitability and cash flow generation capability from 2018 onwards, and reduce the financial headroom for its standalone credit profile," says Osbert Tang, a Moody's Vice President and Senior Analyst, and the Local Market Analyst for SIPG.

11 Jul 2017

OOCL is 'The Perfect Bride' -Drewry

Orient Overseas International (OOIL) and its container unit OOCL have a good track record for above-average profits in a challenging market and a reputation for being a very well-run company, earning the moniker “The Perfect Bride” by Drewry Maritime Financial Research. Retaining the management team, processes and systems is a wise move and could be of enormous value to Cosco Shipping Holdings (Cosco), Drewry said. OOCL has an owned-fleet of 66 containerships aggregating approximately 440,000 teu. It is a young and modern fleet with an average age of 7.1 years and average nominal capacity of 6,600 teu. It is introducing its first 21,000 teu vessel with five more to deliver and options for another six which it could easily exercise.

09 Jul 2017

COSCO to Buy OOCL for USD 6.3 bln

Chinese Shipping Major Cosco Group has agreed in principle to buy its shipping rival and  Hong Kong’s No. 1 box mover, Orient Overseas Container Line (OOCL), in deal that could be valued around USD 6.3 billion. The takeover will catapult Cosco the world’s third-biggest container carrier after Denmark’s Maersk Line and Swiss-based Mediterranean Shipping Co. In a press release, the State-owned Cosco said that it will pay shareholders of OOCL,, HK$78.67 a share in cash, a 31 percent premium over the stock’s last closing price. According to Reuters,  OOIL's controlling shareholders had on Friday agreed to sell their 68.7 percent stake at that price to COSCO Shipping, which is making the offer with Shanghai Port International Group (SIPG) that will take 9.9 percent, they said.

12 Jun 2017

Chinese, Greek Ports Teams Up to Boost Container Traffic

© chungking / Adobe Stock

Piraeus Port, operator of Greece's biggest port and majority-owned by China's COSCO Shipping, has agreed to team up with the operator of Shanghai port, the world's largest container port, to promote container shipping traffic. Piraeus, COSCO Shipping and Shanghai International Port Group (SIPG) have agreed to cooperate in project planning, staff training and information exchange, Piraeus said in a statement on Monday. It said the agreement would create synergies to boost trade and create new business opportunities.

06 Nov 2015

Global Terminal Operators Go Green

Thousands of port employees around the world have enthusiastically contributed their time and effort to a joint environmental initiative launched by marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals, PSA International and Shanghai International Port Group (SIPG) – five of the world’s largest port operators, and joined by the Port of Rotterdam Authority (PRA). The week-long campaign from 14 to 21 September entailed joint activities to pioneer a green drive across operations worldwide, while bringing sustainable change to the communities they impact. In unifying their global resources to realise environmental benefits, the port operators developed various initiatives around three main themes: reuse and recycle, climate change and the community.

19 Sep 2015

Felixstowe Port Goes Green

The Port of Felixstowe is creating an environmental corridor as part of the Go Green campaign launched by Hutchison Port Holdings (HPH) and a number of other global port operators. The initiative at Felixstowe will include the refurbishment of part of a system of dykes within the port. The work will include the improvement of habitats for wildlife as well as enhancing green areas within a busy industrial complex by planting a mixture of trees, grasses and wild flowers. “The Port of Felixstowe has a long history of environmental achievements dating back to the creation of the Trimley Marsh Nature Reserve in the 1980s. Our participation in the Go Green initiative is the latest example of a commitment to the environment which…

07 Sep 2015

'Go Freen' Joint Initiative by 5 Top Port Operators

Global marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals, PSA International and Shanghai International Port Group (SIPG) – five of the world’s largest port operators, and joined by the Port of Rotterdam Authority (PRA), have launched the first ever joint industry initiative of this magnitude to promote environmental awareness and make a sustainable difference in the communities in which they operate. The campaign will take place between 14 - 21 September this year with focus on three main themes: re-use and recycling, climate change and the communities in which the industry giants operate. A range of activities covering all three themes will be organised by the participating port operators’ local business units to tackle and raise awareness globally.

14 Jul 2015

SIPG to Acquire 79.2% of Jinjiang Shipping

Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m). SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group, as well as a 31.2% stake held by Shanghai Jiushi Corporation. Shanghai Jinjiang Shipping, short-sea container carrier serving the coast and Taiwan Strait, is operating throughout East Asia. The company’s current fleet of 12 container ships, ranging in capacity from 764 TEU to 1,098 TEU, operates throughout Japan, China, Vietnam and Thailand. Established in 1983, Jinjiang posted a net profit of CNY75.64 million (US$12.1 million) and a revenue of CNY1.56 billion in 2013.

28 May 2015

Israeli Dockworkers End Ports Strike

Workers at the Port of Ashdod (Photo: Ashdodport Company Ltd.)

Israeli dockworkers ended a two-day strike on Thursday that had shut down the country's two main seaports in protest at the creation of new foreign-run ports. Some 2,400 workers had walked out of the ports of Ashdod and Haifa as union leaders went underground and for most of Thursday defied orders from labour courts to return to their posts. Some 40 ships were left waiting to be unloaded. Israel's transport minister had threatened to declare a state of emergency and the workers could have faced criminal charges, before both port workers' unions agreed to end the strike.

28 May 2015

Israeli Port Workers Defy Court Order to Continue Strike

Striking Israeli dockworkers defied a court order on Thursday and shut down the country's two main seaports for a second day in protest at the creation of two new foreign-run ports. Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone underground. Forty ships were stuck at quays or off the coast waiting to be unloaded. "The workers made a serious mistake this time," said Transport Minister Israel Katz. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate terminals adjacent to the state-run ports of Ashdod and Haifa.

24 Apr 2015

SIPG to Acquire Jinjiang Shipping

Shanghai-listed Shanghai International Port Group (SIPG) is currently considering acquiring part of the equity stakes in Shanghai Jinjiang Shipping, a container shipping company mainly engaged in China-Japan routes, as part of the group’s comprehensive development strategy. SIPG will continue with its further study on the acquisition plan on Shanghai Jinjiang Shipping, and the investment amount and percentage of ownership are yet to be specified. SIPG will conduct further study on an acquisition plan after a due-diligence investigation into Shanghai Jinjiang Shipping, a stock filing of SIPG said on 23 April. Shanghai Jinjiang Shipping, established in 1983, is a short-sea container vessel operator with services mainly along China’s coastline and the Taiwan Strait.

10 Aug 2011

Drewry Introduces Container Terminal Ownership Ranking

In this year’s "Global Container Terminal Operators" annual report, Drewry Maritime Research has introduced an additional ranking of terminal operators which includes SIPG, China Merchants, Modern Terminals and Ports America in the Top 10. The Drewry World Container Terminal Ownership Ranking has been derived by including all companies with equity teu of more than one million teu in 2010, regardless of whether they operate internationally or not. In total, this encompasses 65 firms and organizations, ranging from the established international operators to state-owned port authorities, financial investors and large local players. Neil Davidson…

28 Aug 2014

Latest Ocean-Going Shipbuilding Orders

A couple of orders to report in dry this week with Santoku Senpaku adding further Kamsarmax to their orderbook, this time for two firm 82,000 dot bulk carriers at Tsuneishi Zosen with delivery in 2017. Navibulgar have also contracted four firm plus two option 42,300 dot Ice 1C Handymax. Delivery is due in 2016 with pricing understood to be just above USD 24 Mill per vessel. In tankers, Sungdong have added two firm widebeam 74.5k DWT LR1 to their orderbook with an order from Nisshin. Delivery is from the end of 2016. In gas, KSS Line have announced that they have added a third vessel to their series of 84,000 CBM VLGCs at HHI, with delivery of the latest vessel in mid-2016.

18 Dec 2013

China's Shanghai Port on Track to Stay World No.1

Shanghai: Image credit Wiki CCL

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) reports the Shipping Gazette. 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, according to Shipping Gazette, citing a Xinhua report. November 2013 box volumes also increased 4.6 per cent to 2.81 million TEU over October's throughput.

19 Jan 2015

Shanghai Retains Crown as Busiest Container Port

China’s Shanghai retained its title as the world’s busiest container port for a fifth consecutive year after widening the gap with its closest rival Singapore, according to a report from Bloomberg. While, Singapore handled 33.9 million 20-foot containers last year, Shanghai’s final figure for 2014 would be about 35.2 million boxes. A year before, the gap between the two ports was about 1 million boxes. Shanghai port, which includes Waigaoqiao port, Yangshan port and Wusong port, has been the world’s busiest container since 2010 when its annual volumes surpassed that of Singapore. The report says that Shanghai, Shenzhen and other ports…