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China overtakes Singapore in jack-up rig construction

China overtakes Singapore in jack-up rig construction

Shanghai: China has overtaken Singapore as the world’s biggest builder of jack-up rigs, with 47% of the global orderbook compared to Singapore’s 33%. Between 2000 and 2010, yards in Singapore built 55% of global deliveries of jack-up rigs, according to research by Douglas-Westwood.

New CANSI boss outlines priorities

New CANSI boss outlines prioritiesDalian: China’s shipbuilding Industry is facing a structural change with the recently released shipbuilding “white list” by the government, Guo Dacheng, president of China Association of National Shipbuilding Industry (CANSI) ...

ZPMC scores first accommodation platform contract

ZPMC scores first accommodation platform contractShanghai: Shanghai Zhenhua Heavy Industries (ZPMC) has received orders for two jack-up accommodation platforms from Abu Dhabi-based National Petroleum Construction Company. The contract is ZPMC’s first ever accommodation platform...

Shiptec China underway

Shiptec China underwayDalian: Cementing its position as the second biggest maritime show in China, Shiptec China 2014 kicked off today with a record turnout in the northeastern coastal city of Dalian. With 430 exhibitors spread over 23,000 sq m, the sh...

Dalian Inteh Group in talks with DSIC for LNG carriers

Dalian Inteh Group in talks with DSIC for LNG carriersDalian: Dalian Inteh Group, a chemical logistics provider is currently in talks with CSIC-affiliated Dalian Shipbuilding Industry Corporation (DSIC) for the construction of LNG carriers. An official from DSIC revealed to SinoShip N...

Business takes off for Russian Register in China

Business takes off for Russian Register in ChinaDalian: The Russian Maritime Register of Shipping is experiencing extraordinary growth in China. According to the head of the business development division, Georgiy Bedrik, business activity in China has doubled in the past 18 month...

Chinese companies get controlling stake at Hambantota port

Chinese companies get controlling stake at Hambantota portDalian: Chinese state-owned companies will operate four new berths at Sri Lanka’s Hambantota Port once they are completed next year. The ‘Agreement on Key Terms for Supply, Operate and Transfer (SOT) of Container Terminal Hamba...

Dafeng port to build roro terminal

Dafeng port to build roro terminalShanghai: Jiangsu Dafeng port started the construction of a new roro terminal this weekend to develop the port as the largest car transportation hub in East China. The project includes one 70,000 tons-class terminal, which will t...

Caofeidian adds three new terminals

Caofeidian adds three new terminalsDalian: The North China energy hub port, Caofeidian, has opened three new terminals and eight new berths. Caofeidian is a major deepwater port handling coal and energy raw materials. The port has 28 berths under operation at pres...

Rongsheng’s losses widen

Rongsheng’s losses widenShanghai: Hong Kong-listed Chinese shipbuilder Rongsheng Heavy Industries announced that the company suffered a net loss of approximately RMB3.36bn for the first nine months of 2014, increasing by 258% compared with the same period ...

Jiangsu ship orders surge

Jiangsu ship orders surgeShanghai: Jiangsu province has topped China’s shipbuilding industry in terms of both new order volumes and completed shipbuilding volumes in the first three quarters of this year, according to statistics from the Jiangsu local gov...

Wuhan Steel becomes CSD’s second largest shareholder

Shanghai: One of China’s largest steel mills has moved closer to one of the nation’s top bulker names. China Shipping Development announced that its controlling shareholder, China Shipping Group has signed a share transfer agreement with Wuhan St...

Argument for new Nicaragua Canal remains unclear, poll finds

Singapore: The latest quarterly online poll for our sister title, Maritime CEO, has garnered more than 300 votes with just under a month to go before voting ends. Around 58% of respondents said there was no need for the Nicaragua Canal, one of six to...

Sevan Drilling and Cosco agree on rig delivery delay

Dalian: Sevan Drilling announced that the company and Cosco have agreed to amend the termination rights of the construction contract and defer the delivery date for the rig, Sevan Developer. Delivery is deferred for 12 months with mutually agreed ...

SIPG to spend RMB1.65bn on bank shares

Shanghai: Shanghai International Port Group (SIPG) announced that it plans to spend RMB1.65bn to acquire 100m shares of Bank of Shanghai. SIPG said the transaction will bring stable investment return on the long term and help diversify its busines...

Sainty Marine shareholding change

Shanghai: Sainty Marine announced that a leading shareholder Li Jiu has pledged his 8.68m shares of the company to Guosen Securities. The total pledged stocks account for 2.32% of the company’s total stock, and the term of the pledge is one year...

CSMC invests in terminals

Taipei: Taiwanese company, China Steel Machinery Corporation (CSMC), has signed contracts with the Ministry of Transport to lease No.74 and No.75 terminals in the port of Kaohsiung. The company will be engaged in the investment of raw material pro...

Guangzhou Shipyard to take over Huangpu Wenchong Shipbuilding

Shanghai: Guangzhou Shipyard International (GSI) is to take over its sister company Huangpu Wenchong Shipbuilding Company, according to the two yards’ parent China State Shipbuilding Corporation (CSSC). “We plan to acquire 100% equity interest...

CSC Phoenix back on track

Shanghai: CSC Phoenix, a subsidiary of Sinotrans & CSC, has announced that the company is expected to report a net profit of between RMB4.31bn and RMB4.41bn for the first three quarters of this year. CSC Phoenix has just completed restructuring follo...

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Autumn 2014
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In Focus

Do we need a new canal?

Andy Lane and Charles Moret from Container Transport International Consultancy on the merits of the Chinese-funded Nicaragua Canal

Do we need a new canal?

As controversy and speculation continues to surround the planned Nicaragua Inter-Oceanic Canal, we take a closer look at what this might mean to container shipping if it does in fact go ahead as planned with construction potentially starting later this year.

 

Canals - Profitable Business

In 2013, Panama Canal earned more than $1.8bn from ship tolls, of which around $1.4bn was the net contribution to the state of Panama, a highly profitable business. Of the total of 12,045 transits recorded in 2013, 26% (3,103) were made by container vessels, contributing a massive 52% of the total ACP revenue.

 

Liner Network Complexity

A container line’s network is highly complex, with multiple crossing rotations exchanging cargo between each other as they travel end to end in their respective routes. With canal passages being extremely expensive, lines make good use of transhipment points at the ends of canals, where they consolidate volumes to obtain maximum utilisation of the fewest possible ships which they need to transit canals to create their end-to-end products.

Designing a network based on two canals within the same region would mean a quantity of containers requiring an additional transhipment, adding both cost and also time to the product, so ideally a line (or alliance) will use just one.

 

Liner routes requiring a Central American canal transit

Presently the largest (by volume) is the Asia-US East Coast, followed by Europe-US West Coast trades, and these services will be able to gain some significant sailing distance reductions through using Nicaragua. The more emerging trades of West Coast Latin America to US East Coast and Europe are by contrast better routed through Panama. The vessel size, and thereby costs of the East-West routes o ...   More>>