Han Patriot
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I am in China now building nex gen FPSOs.... You have no idea what you are talking about.
FT.com: How China Rules The Waves (Shipbuilding Tech, Port Tech, Shipping & Maritime Network)
- Thread starter Hypersonicmissiles
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JSCh
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Chinese bank funds Nigeria's first deep sea port construction
Source: Xinhua| 2019-10-24 20:13:02|Editor: huaxia
Representatives from China and Nigeria sign a facility agreement at the signing ceremony held in Lagos, Nigeria, on Oct. 23, 2019. (Xinhua/Jiang Xuan)
China Development Bank will provide a 629-million-U.S. dollar financing facility to enable a consortium led by China Harbour Engineering Company to construct and run the first deep sea port in Nigeria.
LAGOS, Oct. 24 (Xinhua) -- China Development Bank (CDB) will provide a 629 million U.S. dollar financing facility to enable a consortium led by China Harbour Engineering Company (CHEC) to construct and run the first deep seaport in Nigeria.
At the facility agreement signing ceremony held in Lagos, Biodun Dabiri, chairman of Lekki Port Board of Director, said upon completion, the Lekki Deep Sea Port would become one of the deepest ports not only in Nigeria but also in sub-Saharan Africa, which can accommodate larger vessels thereby making Nigeria the trans-shipment hub of the region.
The project, according to Dabiri, would create about 170,000 direct and indirect jobs.
Lagos state governor Babajide Sanwo-Olu speaks at a facility agreement signing ceremony held in Lagos, Nigeria, on Oct. 23, 2019. (Xinhua/Jiang Xuan)
Zhang Aijun, a senior CDB official, told the gathering consisting of captains of industries, states officials, diplomats and traditional rulers that Africa plays a very important part regarding the global business of CDB bank.
At the end of June this year, CDB has provided investment and financing for nearly 500 projects in 43 African countries, in support of the development in areas such as infrastructure, energy, mining, telecom and general livelihood, Zhang said.
According to him, CDB hopes to consider this project as a basis to further expand its business in Nigeria and contribute to the economic development of Nigeria.
According to CHEC, Lekki Deep Sea Port phase 1 consists of two container berths with -16.5m water depth and total length of 680m.
The port is capable to be berthed by the fifth generation container ship, which has the maximum capacity of 18,000 TEUs.
Lin Yichong, chairman of the board of China Harbour Engineering Company (CHEC) speaks at a facility agreement signing ceremony held in Lagos, Nigeria, on October 23, 2019. (Xinhua/Jiang Xuan)
The annual handling capacity in phase 1 of the port can reach 1.2 million TEUs, and after completion of phase 2, the capacity will reach up to 2.5 million TEUs.
On his part, Lin Yichong, head of China Habour, lauded all partners involved in this project, describing it as a milestone project.
It will boost infrastructural facilities in Lagos and develop local communities, he added.
He said the company has the technical capability to deliver the sea port project, with a promise to hand over the first phase of the project within 30 months.
Lagos state governor Babajide Sanwo-Olu and Chu Maoming, Consulate General of China in Lagos witnessed the signing ceremony.
Source: Xinhua| 2019-10-24 20:13:02|Editor: huaxia
China Development Bank will provide a 629-million-U.S. dollar financing facility to enable a consortium led by China Harbour Engineering Company to construct and run the first deep sea port in Nigeria.
LAGOS, Oct. 24 (Xinhua) -- China Development Bank (CDB) will provide a 629 million U.S. dollar financing facility to enable a consortium led by China Harbour Engineering Company (CHEC) to construct and run the first deep seaport in Nigeria.
At the facility agreement signing ceremony held in Lagos, Biodun Dabiri, chairman of Lekki Port Board of Director, said upon completion, the Lekki Deep Sea Port would become one of the deepest ports not only in Nigeria but also in sub-Saharan Africa, which can accommodate larger vessels thereby making Nigeria the trans-shipment hub of the region.
The project, according to Dabiri, would create about 170,000 direct and indirect jobs.
Zhang Aijun, a senior CDB official, told the gathering consisting of captains of industries, states officials, diplomats and traditional rulers that Africa plays a very important part regarding the global business of CDB bank.
At the end of June this year, CDB has provided investment and financing for nearly 500 projects in 43 African countries, in support of the development in areas such as infrastructure, energy, mining, telecom and general livelihood, Zhang said.
According to him, CDB hopes to consider this project as a basis to further expand its business in Nigeria and contribute to the economic development of Nigeria.
According to CHEC, Lekki Deep Sea Port phase 1 consists of two container berths with -16.5m water depth and total length of 680m.
The port is capable to be berthed by the fifth generation container ship, which has the maximum capacity of 18,000 TEUs.
The annual handling capacity in phase 1 of the port can reach 1.2 million TEUs, and after completion of phase 2, the capacity will reach up to 2.5 million TEUs.
On his part, Lin Yichong, head of China Habour, lauded all partners involved in this project, describing it as a milestone project.
It will boost infrastructural facilities in Lagos and develop local communities, he added.
He said the company has the technical capability to deliver the sea port project, with a promise to hand over the first phase of the project within 30 months.
Lagos state governor Babajide Sanwo-Olu and Chu Maoming, Consulate General of China in Lagos witnessed the signing ceremony.
JSCh
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23. October 2019 | Uncategorized
duisport expanding its leading position in China trains – Duisburger Hafen AG to receive the largest hinterland terminal in Europe
The largest container terminal in the European hinterland is being developed on the coal island in the Port of Duisburg. Copyright Hans Blossey
Logistics follows coal. The largest container terminal in the European hinterland is being developed in the Port of Duisburg. Duisburger Hafen AG (duisport) will withdraw its coal island from the market, starting in 2020, and build a trimodal container terminal on the site together with its international partners COSCO SHIPPING Logistics, Hupac SA, and HTS Group.
This is duisport's response to the sharp decline in coal handling resulting from the energy transformation. In the future, duisport will instead use the coal island in particular to handle the booming trade with China. The new terminal will be developed into the key European gateway hub, in particular to handle train traffic along the corridors of the New Silk Road, and will therefore operate under the name "Duisburg Gateway Terminal".
Even now, around 30 percent of all rail-based trade between China and Europe runs through the Port of Duisburg, which is the start and end point of the China trains. Currently, between 35-40 trains per week run between duisport and a dozen different destinations in China. The terminal will significantly increase the Port's capacities for trade with China.
In the future, up to 100 China-bound trains per week, rail traffic on the European rail corridors, in particular to Eastern and Southeastern Europe, and inland waterway services to seaports will be able to operate from the "Duisburg Gateway Terminal", which will thereby generate an annual throughput of around 850,000 standard containers (TEU) upon completion of the terminal. "We are reacting to the changing market and are building Europe's largest container terminal in the hinterland on the coal island. In this way, we are consolidating our leading position in Chinese trade, creating jobs, and strengthening NRW as the most important logistics location in Europe," explains duisport's Chief Executive Officer Erich Staake.
On the 240,000 square meter area in the Port of Duisburg, 220,000 square meters are planned for the terminal and 20,000 square meters for warehouses. Six gantry crane systems, 12 block train platforms with a track length of 730 meters each, 5 loading areas and 3 berths for inland vessels, as well as a container storage area of 60,000 square meters will ensure rapid container handling in two construction stages.
Pre-carriage and onward carriage of goods at the trimodal terminal are to be handled primarily by water and rail. The investment volume amounts to around EUR 100 million. The terminal is set for commissioning in 2022.
Since the China trains increasingly represent a cost-effective alternative to air transport, the "Duisburg Gateway Terminal" will also contribute to improving the CO2 balance in NRW and Germany. The savings potential is estimated at over 60 million tonnes per year.
"We are proud that, thanks to our network management, we have been able to acquire internationally operating partners for the realization of this outstanding project with international appeal," says Staake.
duisport and COSCO SHIPPING Logistics each hold 30 percent of the investment and operating company. With a fleet of 1,300 ships, the Shanghai-based COSCO SHIPPING Group is the world's largest shipping company. COSCO SHIPPING also holds stakes in 55 terminals worldwide. With its business division, COSCO SHIPPING Logistics, COSCO SHIPPING is a leading market player in the organization and handling of the China trains.
Hupac SA and HTS Group each hold 20 percent of the shares in the investment and operating company. The Swiss-based Hupac Group is the leading network operator in European intermodal transport. The Hupac network comprises 130 trains daily with connections between the largest European economic areas, as well as to Russia and Asia. Today, the Duisburg area is already a central hub in Hupac’s network, with around 60 weekly trains at various local terminal locations. The capacity expansion with the "Duisburg Gateway Terminal" enables the bundling of traffic in the China transit, as well as improved network supply logistics, with Duisburg as the gateway in the heart of Europe.
HTS Group is a Dutch inland waterway transport company which, in addition to its own fleet of vessels, operates terminals in the Netherlands, Belgium, and Romania.
duisport expanding its leading position in China trains - Duisburger Hafen AG to receive the largest hinterland terminal in Europe - duisport – Duisburger Hafen AG
duisport expanding its leading position in China trains – Duisburger Hafen AG to receive the largest hinterland terminal in Europe
Logistics follows coal. The largest container terminal in the European hinterland is being developed in the Port of Duisburg. Duisburger Hafen AG (duisport) will withdraw its coal island from the market, starting in 2020, and build a trimodal container terminal on the site together with its international partners COSCO SHIPPING Logistics, Hupac SA, and HTS Group.
This is duisport's response to the sharp decline in coal handling resulting from the energy transformation. In the future, duisport will instead use the coal island in particular to handle the booming trade with China. The new terminal will be developed into the key European gateway hub, in particular to handle train traffic along the corridors of the New Silk Road, and will therefore operate under the name "Duisburg Gateway Terminal".
Even now, around 30 percent of all rail-based trade between China and Europe runs through the Port of Duisburg, which is the start and end point of the China trains. Currently, between 35-40 trains per week run between duisport and a dozen different destinations in China. The terminal will significantly increase the Port's capacities for trade with China.
In the future, up to 100 China-bound trains per week, rail traffic on the European rail corridors, in particular to Eastern and Southeastern Europe, and inland waterway services to seaports will be able to operate from the "Duisburg Gateway Terminal", which will thereby generate an annual throughput of around 850,000 standard containers (TEU) upon completion of the terminal. "We are reacting to the changing market and are building Europe's largest container terminal in the hinterland on the coal island. In this way, we are consolidating our leading position in Chinese trade, creating jobs, and strengthening NRW as the most important logistics location in Europe," explains duisport's Chief Executive Officer Erich Staake.
On the 240,000 square meter area in the Port of Duisburg, 220,000 square meters are planned for the terminal and 20,000 square meters for warehouses. Six gantry crane systems, 12 block train platforms with a track length of 730 meters each, 5 loading areas and 3 berths for inland vessels, as well as a container storage area of 60,000 square meters will ensure rapid container handling in two construction stages.
Pre-carriage and onward carriage of goods at the trimodal terminal are to be handled primarily by water and rail. The investment volume amounts to around EUR 100 million. The terminal is set for commissioning in 2022.
Since the China trains increasingly represent a cost-effective alternative to air transport, the "Duisburg Gateway Terminal" will also contribute to improving the CO2 balance in NRW and Germany. The savings potential is estimated at over 60 million tonnes per year.
"We are proud that, thanks to our network management, we have been able to acquire internationally operating partners for the realization of this outstanding project with international appeal," says Staake.
duisport and COSCO SHIPPING Logistics each hold 30 percent of the investment and operating company. With a fleet of 1,300 ships, the Shanghai-based COSCO SHIPPING Group is the world's largest shipping company. COSCO SHIPPING also holds stakes in 55 terminals worldwide. With its business division, COSCO SHIPPING Logistics, COSCO SHIPPING is a leading market player in the organization and handling of the China trains.
Hupac SA and HTS Group each hold 20 percent of the shares in the investment and operating company. The Swiss-based Hupac Group is the leading network operator in European intermodal transport. The Hupac network comprises 130 trains daily with connections between the largest European economic areas, as well as to Russia and Asia. Today, the Duisburg area is already a central hub in Hupac’s network, with around 60 weekly trains at various local terminal locations. The capacity expansion with the "Duisburg Gateway Terminal" enables the bundling of traffic in the China transit, as well as improved network supply logistics, with Duisburg as the gateway in the heart of Europe.
HTS Group is a Dutch inland waterway transport company which, in addition to its own fleet of vessels, operates terminals in the Netherlands, Belgium, and Romania.
duisport expanding its leading position in China trains - Duisburger Hafen AG to receive the largest hinterland terminal in Europe - duisport – Duisburger Hafen AG
JSCh
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China's two largest shipbuilders to merge, says state asset regulator | NasdaqCSSC-CSIC Megamerger Confirmed at Last
File image
BY THE MARITIME EXECUTIVE 2019-07-01 16:39:42
In stock exchange filings Monday, China's two giant state-owned shipbuilders finally confirmed a long-rumored megamerger. The tie-up will give them new scale to match Hyundai Heavy Industries' proposed acquisition of South Korea's Daewoo Shipbuilding and Marine Engineering.
"CSSC is planning a strategic restructuring with China Shipbuilding Industry Corporation Co., Ltd.," CSSC's publicly-listed arm wrote in a stock exchange filing. "It is determined that the plan also needs to be approved by the relevant authorities. In order to ensure timely and fair disclosure of information and safeguard the interests of investors, it is now announced."
CSSC spun off CSIC in 1999, giving the newly-formed entity control of government-owned yards in northern China. CSIC's assets include Dalian Shipyard, Bohai Shipyard, Wuchang Shipyard and a wide variety of associated suppliers, manufacturers and research labs. It had annual sales in the range of $50 billion as of 2017. CSSC owns Shanghai Waigaoquiao Shipyard, one of the nation's most advanced shipbuilders, along with Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding. It took in about $30 billion in sales in 2017. Together, CSIC and CSSC would have more sales volume than all Big Three South Korean shipbuilders, according to Bloomberg, and a larger backlog than any other shipbuilding conglomerate.
CSSC has been undergoing a series of management changes and restructurings over the past year, leading to rumors that it could be preparing for a merger. In March 2018, it appointed a new leader, CPC Central Committee member Lei Fanpei. In March 2019, it launched a plan to restructure the finances of three of its largest shipyards- Jiangnan, Huangpu Wenchong and Guangzhou - in a debt-for-equity plan with new share issuances. CSIC merged two of its largest yards - Dalian and Bohai - the same month.
The mega-merger is the latest element of a yearslong consolidation drive for China's state-owned enterprises, many of which have been plagued by overcapacity. Industries already affected include steel production, electrical power, rail, agribusiness, shipping and port operations. The giant mergers are a way for Beijing to rein in capacity, reduce debt and increase economies of scale among its sprawling industrial holdings. The central government's enterprise supervision bureau, SASAC, has said that it wants to consolidate its existing state-owned enterprises into just 80 firms, down from about 100 at present.
https://www.maritime-executive.com/article/cssc-csic-shipbuilding-megamerger-confirmed-at-last
