Copyright 2022 - Ningbo Life / Ningbo Expat

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).


Ningbo Port's trade volume tops $ 97.17 billion in the first half of 2012

Customs statistics released on Wednesday show Ningbo Port's trade volume reached $97.17 billion in the first half of 2012, an increase of 2.3 percent over the same period last year, accounting for 5.3 percent of the total imports and exports of China. The figure consists of import valued at $36.93 billion, down 1.4 percent year-on-year, export valued at $ 60.24 billion, an increase of 4.8 percent year-on-year.

During the first half of 2012, the European debt crisis led to weak demand for Chinese products in the EU market, the largest market for China. Ningbo Port's import and export value with the EU totaled $ 17.21 billion, down 4 percent year-on-year, accounting for 17.7 percent of the total port trade value in the same period or 1.2 percentage points over the same period last year. Meanwhile, Ningbo Port's trade volume to its second largest market, the United States, hit $11.13 billion, an increase of 13 percent. The imports and exports to ASEAN, its third largest market, amounted to $ 5.81 billion, an increase of 8.4 percent.

Read more: Ningbo Port's trade volume tops $...

Ningbo Port exports pick up foreign trade volume exceeded $ 80 billion in May

  Ningbo Port, Ningbo, China, in May, exports pick up significantly. Ningbo Customs has released statistics show that the port exports reached $ 12.17 billion the month, an increase of 11.5 percent, one-month increase after March.
  As of the end of May, the Ningbo port imports and exports totaled $ 80.62 billion, an increase of 3%. Among this, exports $ 49.24 billion, an increase of 6%; imports $ 31.38 billion, down 1.2 percent.
  Private enterprise is the main export trade. In the first five months, exports of private enterprises of Ningbo Port reached 32.94 billion U.S. dollars, up 10.3 percent, accounting for 76.7 percent of the port's total exports for the same period. Mechanical and electrical products and other traditional advantages of merchandise exports maintained a good momentum of growth, an increase from the previous month to further enlarge in May. As of the end of May, Ningbo in the export of electromechanical products was $ 23.95 billion, an increase of 7.5%; textile and apparel exports of $ 10.31 billion, an increase of 6.1%. In addition, the increase in exports of furniture and parts, plastic products, over 10%.
  International commodity market fluctuations, and resource commodities imported mixed. The first five months, Ningbo Port iron ore imports of 10.47 million tons, down 5.4%; coal imported 2.036 million tons, an increase of 4.6 times; plastics in primary forms imports 921,000 tons, an increase of 10.2 %.
  Ningbo Customs believe that to stimulate investment in China to promote the introduction and implementation of series of initiatives such as the consumer, in the second half is expected to rebound in imports. At the same time, international commodity prices may continue to fall, domestic manufacturers will be in the low increase in raw material inventory, which will drive Ningbo port imports out of the woods

Oriental Hotline Alerts | Source 2012-6-17 10:04:14 Ningbo, China

Cargo and container throughput via Ningbo Port grew together

In the first half of this year, the cargo and container throughput via Ningbo Port grew together. The former stood at 222 million tons and the latter 7.8 million TEU, up by 6.1% and 10.1% respectively, both hitting a historic high. 
Someone with Ningbo Port Group remarked that amid the sluggish domestic micro economy, the slowdown of foreign trade and adverse climate, Ningbo Port has made every effort in opening up markets and competing for goods suppliers. It gives full play to its clustering advantage and arranges its port production scientifically. It also fully taps the potential of its waterways, berths and storage capacity to ensure the sustainable growth of port production. As many shipping companies are running shipping lines jointly, carrying out berth exchange and cooperation and frequent line integration, Ningbo Port actively seeks international transit, domestic trade and inland

Read more: Cargo and container throughput via...

Ningbo Port container throughput reaching historic high in May

According to the latest statistics by Ningbo Port Co. Ltd., the container throughput of the port in May reached 1.462 million TEUs, surpassing the mark of 1.4 million TEUs for the first time, an increase of 12.3% over the same period last year, and setting the new historical high of monthly record.

In May, Ningbo Port made great efforts in developing new shipping routes and succeeded in opening seven new container routes. By the end of May, there had been 233 container routes, including 118 ocean routes, which account for 50.64% of the total number. It strengthened strategic cooperation with shipping companies to attract them to develop new transit paths centered on Ningbo Port. The port also focus on the development of water-water transit operation, resulting in a container throughput of 299,000 TEUs, up by 30% over the same period last year

f t g m