China Teapot Refiners Create Qingdao Tanker Jam
Tankers at Qingdao port face up to 30-day wait. At least 15 large tankers wait to offload -shiptracking data. A surge in oil buying by China's newest crude importers has created delays of up to a month for vessels to offload cargoes at Qingdao port, imposing costly fees and complicating efforts to sell to the world's hottest new buyers. China's independent refiners, freed of government constraints after securing permission to import just last year, have gorged on plentiful low-cost crude in 2016. This has created delays for tankers that have quadrupled to between 20 to 30 days at Qingdao port in Shandong province, the key import hub for the plants, known as teapots, according to port agents and ship-tracking data.
Yantai Port Cargo Volume Up 10.4pc
The Port of Yantai in northern Shandong province, posted a 10.48 per cent year-on-year increase in overall cargo volume to 105 million tonnes in the first four months of the year, reports Xinhua. The port's full-year cargo throughput is expected to hit 300 million tonnes this year, maintaining China's top 10 coastal ports rankings. From January to April, passenger movements of the port increased 3.84 per cent year on year to 1.99 million people. Yantai government this year plans to invest a total of CNY19.56 billion (US$3.12 billion) on 20 port projects, with the annual investment of CNY3.05 billion. At present, main body of the phase 1 project in its western port area has been completed.
China Launch Passenger RoRo Ship with Military Capability
China's largest RoRo 'Bohai Emerald Bead' with the longest reach leaves Yantai Port in East China. Different from ordinary ships, the 36,000 displacement civilian passenger and roll-on/roll-off ship was constructed in accordance with national defense requirements in mind in its design and construction so that it can carry organic troop units and heavy equipment. The 178-meter-long and 28-meter-breadth ship can carry 2,000-plus persons and be loaded with over 300 vehicles of various sizes simultaneously. The "Bohai Emerald Bead" is the first ship of its kind to be built in China, and there are three more of the same design under construction.
