Shanghai: Ningbo Port has announced that APM Terminals, the ports arm of Denmark's A.P. Moller-Maersk, has risen its stake in its jv at Ningbo Meishan from 25% to 33%. The jv set up by Ningbo port and APM is for operation of berths 3-5 of Meishan container terminal phase one, with a total investment in the project of RMB4.29bn. The Chinese port said in an statement that, the stake increase is attributable to the confidence of APM in Ningbo port, which could further prompt growth in container throughput and the development of Ningbo port as the centre for Maersk Line in Northeast Asia. [14/06/13]

An Asian partnership comprising Evergreen Line, Pacific International Lines, Sinotrans and Yang Ming have announced cooperation in the China, Taiwan, and Australia trade commencing from Ningbo on June 7. The China-Australia-Taiwan (CAT) service will be operated with six vessels of 4,250 teu. Evergreen Line and Yang Ming will be contributing two vessels each with Pacific International Lines and Sinotrans providing one vessel each. [22/05/13]

Shanghai: Qatargas has delivered the first LNG cargo to China National Oil Corporation's (CNOOC) Zhejiang LNG Terminal. The cargo delivered by Qatargas' Q-Max LNG vessel ZARGA will be used to commission the newly constructed LNG terminal. The arrival also marks the first Q-Max LNG Vessel, the largest class of LNG carriers in the world, to one of CNOOC's owned and operated terminals in the PRC. The Zhejiang LNG terminal, located in Ningbo in China's Zhejiang province, will have a first phase receiving capacity of 3m tonnes per year adding to CNOOC's operating LNG terminals in Shanghai, Fujian and Guangdong provinces. [24/09/12]

The port of Ningbo-Zhoushan has become the latest on the mainland to indicate it will build berths capable of handling giant 400,000dwt VLOCs such as those ordered by Vale two years ago. Officials at the port are waiting for final approval from Beijing before construction can start on these berths. The port is widely acknowledged as the finest natural deepwater harbour in China. Construction will take two to three years. The impasse over the Vale VLOCs calling China is likely to pass soon as the Brazillian miner has offloaded a segment of its giant new fleet to Polaris of Turkey. [13/09/12]

The loading and delivery of petrochemical cargoes at a few key ports in China were facing delays with Typhoon Tembin headed towards Shanghai, according to reports. The delays were caused by port closures as well as congestion issues at ports that were still operational. Brokers were quoted as saying the backlog was due to a combination of congestion as well as port closures. The congestion has been exacerbated by prior delays and they expect the pile-up to continue for a week or more. Chemical terminals at the ports of Ningbo, Xiamen, Zhoushan and Jiaxing were shut due to the typhoon, Singapore-based brokers and owners were quoted as saying. According to them, Ningbo port has been closed since Sunday, August 26, and is expected to re-open by Friday, adding that most vessels are facing a five-to-seven day wait before being able to berth currently. Zhangjiagang port in East China meanwhile has opened but is facing heavy congestion.

Shanghai: Samsung Heavy Industries (Ningbo), a hatch cover and block manufacturer in China, is entering the newbuilding market. Samsung-Ningbo has started construction of a 17,000dwt heavy lift carrier, ordered by S&P Marine, due for delivery in mid-2013. A spokesperson from Samsung said that Samsung-Ningbo is capable of constructing eight newbuildings a year, and will focus on 50,000 dwt medium range product carriers, handymax bulkers, PSVs, and feeder boxships. sinoshipnews.com/...

APM Terminals Signs Ningbo Agreement Leaders from the Ningbo Port Group and APM Terminals were on hand to sign a major agreement that creates a new level of cooperation in the fastest growing, deepwater, container port in the world. The new agreement reflects a 75%/25% (Ningbo Port Group/APM Terminals) share to jointly invest and operate berths 3, 4, 5, comprising a one kilometer quay in Ningbo’s Meishan Container Terminal. Once constructed, the new facility will become operational by December 31, 2014.

China's Ningbo port recorded an 14.7 per cent first half increase year on year to over 1.3 million TEU the first time, up to 1.368 million TEU, setting up a new record, reports Xinhua. Ningbo port handled containers of 8.45 million TEU, up 14 per cent. Its cargo throughout has reached a total of 248 million tonnes, an increase of 9.3 per cent, including foreign trade throughput of 134.5 million tonnes with an increase of 14 per cent.

ZHEJIANG provincial government statistics shows that Ningbo city spent CNY1.19 billion (US$183.3 million) on sea port and river port projects in the first quarter of this year.

Ningbo Port will an die Börse Ningbo Port, Betreiber von Chinas zweitgrößtem Hafen, strebt an die Schanghaier Börse. Mit einem Volumen von 1,9 Milliarden Dollar könnte dies der zweitgrößte Börsengang in diesem Jahr auf dem chinesischen Festland werden. Ningbo Port plane 18,8 Prozent seines Kapitals an der Börse zu platzieren, heißt es in einem Schreiben des Unternehmens. Mit den Einnahmen will das Unternehmen vorwiegend Hafenprojekte entwickeln. Quelle: Logistik2 Newsletter