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China Shipping Terminal News

20 Jan 2017

COSCO Shipping Holdings to Buy Qingdao Port's Shares

COSCO Shipping Ports and Qingdao Port International (QPI) announced to enter into the Transaction Agreement, pursuant to which COSCO Shipping Ports will make strategic investment in QPI. Taking the proposed New H Share Issurance plan of QPI into consideration, the Subscription Shares will represent approximately 16.82% of the issued share capital of QPI, and COSCO Shipping Ports’ shareholding in QPI will increase to approximately 18.41% in total. Shanghai China Shipping Terminal Development Co., Ltd. (SCSTD), a wholly-owned subsidiary of COSCO Shipping Ports, will subscribe for 1,015,520,000 non-circulating domestic shares in QPI at a total consideration of approximately RMB 5.8 billion (equivalent to RMB5.71 per share)…

25 Feb 2015

CSCL Globe Calls the Port of Zeebrugge

CSCL Globe calls the Port of Zeebrugge (Photo courtesy of the Port of Zeebrugge)

On her maiden voyage in the AEX1 service, China Shipping Container Lines’ containership CSCL Globe, currently the world’s largest container vessel, moored at Belgium's Port of Zeebrugge after embarking on its first voyage in China last December. The CSCL Globe, which measures 400 meters in length and approximately 59 meters wide, features a maximum capacity of 19,100 TEUs. Lining the containers up in a row would result in a container chain of 115 kilometers. The continuously growing dimensions in shipping allow freight to be transported more economically.

06 Feb 2015

Hutchison Chinese Ports Assets for Sale

The South China Morning Post has reported Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd is mulling the possible sale of a 40 percent stake of Hutchison Port Holdings (HPH) to a quartet of state-owned mainland China companies. If it goes through, the move would underscore Hutchison’s recent tactic of monetizing port assets to free up capital to support other high-growing businesses. HPH is talking to a consortium of mainland Chinese companies as it is planning to a HK$160 billion ($20.6 billion) stake in its ports business. Hutchison holds an 80 percent stake in HPH, the world's largest container port operator by throughput with a foothold in 52 ports in 26 countries.

18 Jan 2015

Largest Container Ship at Zeebrugge Port

While on her maiden voyage in the AEX1 service, the container vessel China Shipping Container Lines Globe, currently the world’s - or the “globe’s”- largest container vessel, moored at the port of Zeebrugge. The ship embarked on its first voyage in China last December. The CSCL Globe measures 400 meters in length and is approximately 59 meters wide. Its stunning maximum capacity is 19.100 twenty feet equivalent units. Lining the containers up in a row would result in a container chain of 115 kilometers. The Hyundai Heavy Industries shipyard in South Korea will be delivering four sister vessels in the course of the year. The continuously growing dimensions in shipping allow freight to be transported more economically.

03 Jun 2014

Mega-Containerships Trigger Terminal Shake-ups

Bigger container ships are resulting in much greater peaks in container terminal activity, which together with the ever larger combined volumes of bigger alliances, demands fewer, larger terminals in each port. Terminal operators are reacting by consolidating terminal layouts and ownership – and by working more closely together – but what are the consequences for their customers? Drewry Maritime Research discuss in this extract from their latest 'Container Insight Weekly'. A recent visit to the Eurogate terminal in Hamburg by China Shipping’s post-Panamax vessel CSCL Le Havre involved an exchange of 11,600 teu, illustrating the sheer scale of volumes per call that terminals increasingly have to deal with. The vessel is shared with CMA CGM and UASC.

07 Jun 2013

Port of LA: Huge Capital Investment Program Approved

Container Quays: Photo courtesy of Port of Los Angeles

The Harbor Commissioner's Fiscal 2013-14 Budget Includes $399.9-million capital expenditure to improve cargo flow and dfficiency. The Los Angeles Harbor Commission has adopted a 2013-14 fiscal year (FY) budget of approximately $1.1 billion for the Port of Los Angeles, including one of the largest annual Capital Improvement Programs -- $399.9 million or 37% of the total budget -- in Port history. The budget supports more than 8,500 jobs, 6,870 of which are attributable to construction project spending in the coming fiscal year which begins July 1.

21 Mar 2013

China Firm's First European Container Terminal Holding

China Shipping Terminal Development agrees to buy a 24 per cent stake in APM Terminals' Zeebrugge in Belgium. The move came six months after the firm, which is wholly owned by China Shipping Container Lines, expressed interest in taking a stake in the Zeebrugge facility, one of three terminals at the Belgian port, reports the South China Morning Post. The company will acquire its interest from APM Terminals, the ports division of Danish shipping, oil and aviation group AP Moller-Maersk, which owns 75 per cent. Shanghai International Port Group holds the remaining 25 per cent interest in APM Terminals Zeebrugge which it bought for €27.16 million (HK$274 million) in 2010.

12 Sep 2012

Container Terminal Operators 2012 League Table & Forecast

Measured by equity TEU, there is no change in the order & ranking of the top five international container terminal operators. PSA (Port of Singapore Authority) was again the leading operator in terms of equity TEU ahead of Hutchison (HPH), but by a much reduced margin following the divestment by PSA of its interests in HPH’s Hong Kong terminals. There is now a difference of only just over 4 million TEU in Drewry’s assessment of PSA and HPH’s equity TEU throughput. DP World and APM Terminals are closely matched in third and fourth spots whilst the COSCO Group’s throughput remains somewhat less than that of the top 4 players. The big four global operators collectively accounted for 26.5% of world container port throughput…

12 Sep 2012

Global Terminal Operators Remain Dynamic

Drewry Maritime Research’s latest Annual Review of Global Container Terminal Operators report shows that whilst some things have remained the same, others have changed significantly with more change to come. Measured by equity teu, there is no change in the order and ranking of the top five operators. PSA was again the leading operator in terms of equity teu ahead of Hutchison (HPH), but by a much reduced margin following the divestment by PSA of its interests in HPH’s Hong Kong terminals. There is now a difference of only just over 4 million teu in Drewry’s assessment of PSA and HPH’s equity teu throughput. DP World and APM Terminals are closely matched in third and fourth spots whilst the COSCO Group’s throughput remains somewhat less than that of the top 4 players.

24 Dec 2008

China Shipping Expansion at Port of LA

The Los Angeles Harbor Commission Thursday certified the final Environmental Impact Report (EIR) for the proposed Berth 97-109 Container Terminal Project (China Shipping) and approved the project. The approved project, which will include a tenant lease to year 2045, will provide thousands of future jobs while substantially reducing air emissions at the terminal through unprecedented mitigation measures. “We’ve just approved what could very well be the cleanest and greenest port container terminal operation in the world,” said Los Angeles Harbor Commission President, S. David Freeman. “This is the third major project EIR our Board has approved in roughly 12 months – it’s another sizable investment in the future of this Port,” added Port Executive Director Geraldine Knatz, Ph.D.

02 Apr 2004

NRDC Says Ports Are Largest Urban Polluters

U.S. seaports are the largest and most poorly regulated sources of urban pollution in the country, according to a report released by NRDC (Natural Resources Defense Council) and the Coalition for Clean Air. Harboring Pollution: The Dirty Truth about U.S. Ports grades the ten biggest seaports for their impact on air and water quality, land use, and nearby communities. The report finds that despite the availability of technology to cut pollution, major seaports are emitting ever-larger amounts of toxic diesel exhaust and other contaminants that damage public health, disrupt local communities and harm marine habitats. With cargo volume at some ports expected to triple in the next twenty years, the report urges quick action by port operators and policy-makers to implement cleaner practices.