China’s Yangpu port gets first U.S. crude cargo
Chinese port of Yangpu, in southernmost province of Hainan, imported its first crude oil cargo from the United States last month, according to a report on the website of China Petroleum and Chemical Industry Federation. The 248,300-tonne cargo arrived at Yangpu in the middle of July; the cargo was loaded at Texas. State refiner Sinopec Corp operates a 160,000 barrels per day refinery in Yangpu. Yangpu is also the site of tank crude oil farms operated by CEFC China Energy and Dutch firm Vopak. Source: Reuters
Yangpu port of Hainan becomes the largest import and export port in the South China Sea.
Yangpu port further opens up Yangpu port of Hainan has passed the acceptance of the National Port Administration Office on Thursday; its open water area has been expanded by 55 square kilometers, and becomes the largest import and export port in the South China Sea. “Opening up Yangpu port is very important and supportive to Yangpu and Hainan’s economy, all the pillar industries in Hainan including tourism, logistics, and petrochemical industry, all relies on port. Yangpu Economic Zone also has been an important base for China’s offshore oil and gas exploitation strategy and energy reserve strategy, we are also making new strategies for further expansion,” an official from Yangpu port told SinoShip News. There are 23 large projects including petrochemical projects and oil reserve projects which have opened on the island in recent years with a total investment of RMB93.1bn. Currently Yangpu port has 25 berths and has opened 15 international shipping lines to Singapore, Vietnam and the Middle East. Source: Sino Ship News
SDIC Yang Pu Port inks agreement with Jurong Port (Singapore)
SDIC Yangpu Port has inked an agreement with Jurong Port to jointly develop Yangpu port to be a shipping hub and logistics centre for Southeast Asia. After two years research and negotiation, SDIC Yangpu Port and Jurong Port finally reached an agreement and will set up the jv - SDIC Jurong Yangpu Port with 51% shares and 49% shares separately, to operate the terminals business of Yangpu together. Yangpu is based on Hainan Island in the far south of the People’s Republic. SDIC Yangpu Port is the only public terminal operator in Yangpu economic zone. Currently it has two 35,000 dwt class berths and six 50,000 dwt class berths, mainly for handling of bulk cargos and containers. It completed 4.6m tons cargo throughput in the first half of this year.Upload News