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Ningbo Port’s container business soars

Ningbo Port’s container business soars

The latest statistics from the Port of Ningbo show that last year the Port handled more than 18 million TEUs, totaling 18.7 million, representing a rise of 11.5%. The cargo throughput totaled 526 million tons, up 6.2% year on year. Shown above was a container ship being unloaded at the Chuanshan Port of Beilun, Ningbo.

DSME Launches World's Largest Containership

SEOUL, KOREA - Daewoo Shipbuilding & Marine Engineering held a naming ceremony for the world's largest 18,000-TEU containership at its Okpo Shipyard in Geoje Island in South Gyeongsang Province on June 14.

Danish ship owner Maersk exercised its option attached to its previous order for ten 18,000 TEU containerships it had placed in 2011 from the Korean shipyard. Maersk, accordingly, ordered a total of twenty 18,000-TEU containerships from DSME. Costing 200 billion won apiece, the ships have a combined value of about 4 trillion won.

The ship, named on June 14, was the first in a series of the twenty ships ordered en bloc by the Danish owner. The ship has a length of 399 meter and a width of 59 meter, with the size of its deck similar to the combined size of four soccer stadiums.

The ship was named "Maersk Mc-Kinney Moller" by Ane Maersk Mc-Kinney Uggla, vice chairman of Maersk's board of directors. The ship bears the name of the late Danish ship magnate Maersk Mc-Kinney Moller, who passed away in April 2012. Ane Maersk Mc-Kinney Uggla is the youngest daughter of Moller.

Import & export volume via Ningbo Port exceeds 100 billion yuan in January

Statistics from Ningbo Customs show that in January 2015 the total import and export volume via Ningbo Port stands at 106.5 billion yuan, down by 13% over the same period of last year. The export volume is 78.39 billion yuan, up by 10.4%, while the import volume decreased greatly due to the current gloomy macro economic situation.

From the perspective of the import and export markets, the top ten trade partners for Ningbo are the EU, the US, the ASEAN, Iran, Taiwan, Japan, Saudi Arabia, South Korea, Brazil and the UAE, with a total trade volume of 68.51 billion yuan, accounting for 64.3% of the total. On January 22, Mr. Mario Draghi, President of the European Central Bank, announced to expand the assets purchase scale. The easy monetary policies of the Eurozone have provided new opportunities for the exports of foreign trade enterprises, including those in Ningbo. According to the statistics of Ningbo Customs, the trade volume with the EU countries via Ningbo Port in January this year reaches 23.12 billion yuan, up by 11.7% over the same period of last year, including 21.14 billion yuan for exports, up by 13.8%. The trade volumes with the UK, Germany and Holland rank high on the top, while that with Iran declined by 56.9%, the largest drop rate among all the markets.  

Read more: Import & export volume via Ningbo Port...

ASIA: APMT ups ante in new Ningbo terminal for giant boxships

APM Terminals, AP Moller-Maersk’s ports arm, has raised its stake in a new terminal project in Ningbo, China, that can receive 18,000 teu containerships.

The Maersk group has signed a preliminary deal with Ningbo Port Group (NPG) to contribute Yuan707.9m (A$120.8m) for a 33% share in the joint venture to act as the terminal’s operator, increasing its initial 25% share of Yuan125m (A$21.3m).


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