Shipping & Logistics

China’s Demand for Resources Brings Brazil Closer

By Vivian Ni

Jun. 3 – China and Brazil, two countries 17,000 kilometers apart separated by the vast Pacific Ocean and see great political and cultural differences, are witnessing an increasingly closer relationship due to China’s growing hunger for the South American country’s natural resources.

With most of its nationals not even familiar with the largest economy in Latin America, China’s role in Brazil’s economic development is becoming increasingly important. It just surpassed the United States as Brazil’s largest trading partner in 2009, accounting for 12.5 percent of the country’s annual exports, while the volume of exports from Brazil to China expanded by 18 times between 2000 and 2009. Continue reading →

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China Industry Report: Apr. 26

Apr. 26 – This is a regular series of relevant industry news from around China.

Marine transport and shipbuilding
•Shipping Corporation of India said on April 15 it has inked an agreement for the purchase of two resale Supramax bulk carriers with Chinese Grand Yard Investments.

The two 57,000 deadweight-ton vessels will replace some of the company’s Handymax ships. The vessels are currently being built and the company expects to receive them in four to five months. In addition, the Indian firm has ordered six Handymax bulk carriers from China’s STX Shipyard. The vessels will be delivered this year or in 2012. Continue reading →

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China Industry Report: Apr. 1

Apr. 1 – This is a regular series of relevant industry news from around China.

Marine transport, shipbuilding
• Hong Kong-based Orient Overseas (International) Ltd said on March 23 that it has ordered six container ships at South Korea’s Samsung Heavy Industries Co Ltd for a total US$816 million. The container shipper expects to pay for the vessels by securing bank financing and using internal resources.

The ships, each with a capacity of approximately 13,000 twenty-foot equivalent units, are expected to be delivered in 2013. Continue reading →

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Rising Demand, Supply Shortage to Cause Logistics Costs in China to Skyrocket

Rental rates of logistics properties across China expected to rise 20 percent this year

Mar. 24 – CB Richard Ellis, the world’s largest commercial real estate services firm, recently released a report describing how a more acute shortage of logistics land supply and a more rapid rate of appreciation of logistics rents will cause logistics costs in China to spike in the near future.

The report, “China’s Logistics: Rising Demand but a Shortage of Supply,” lists the major driving factors for logistics demand as:

Manufacturing bases relocating to inland China Continue reading →

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China Industry Report: March 21

Mar. 21 – This is a regular series of relevant industry news from around China.

Marine transport and shipbuilding
• Finnish handling-systems provider Cargotec Oyj has won an order exceeding US$ 27.7 million to supply equipment for eight general cargo vessels that will be built in China.

The order covers delivery of fully electrically driven MacGregor cargo handling cranes as well as design and key components for hatch covers, Cargotec said on March 9. Continue reading →

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Operational Costs of Business in China’s Inland Cities

By Samantha Jones

Mar. 7 – Five years ago, China’s Ministry of Commerce created an impetus to direct foreign investment into central China dubbed the “Go Inland” campaign.

Connected to, but not to be confused with the “Go West” campaign launched in 2000 to stimulate development in the far western provinces, the “Go Inland” campaign focuses on six central provinces: Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan. In total, these provinces cover an area of 1.027 million square kilometers (11 percent of total land area), and account for roughly 28 percent of the population and approximately 20 percent of GDP. Continue reading →

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An Introduction to Industrial Parks in Zhejiang Province

By Cory Lam

SHANGHAI, Mar. 3 – Large scale industrial parks play a vital role in foreign investments in China. Not only can foreign businesses benefit from the financial incentives offered by the government to invest at these locations, but the parks are often centrally located – making it convenient for employees and clients alike in terms of its daily operations. Continue reading →

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Ship Financing Industry Booming in China

Dec. 2 – More and more international ship buyers are starting to seek financing in China, thanks in large part to the Chinese government’s encouragement of domestic banks to issue new ship loans.

According to recent reports, Chinese banks have provided several billion dollars of loans to western ship buyers since September 2008 and loans for ship financing purposes have increased by roughly 10 percent over the past few years. Specialists speculate that ship financing will soon turn into an emerging field where Chinese bank loans flow; especially if the government continues to put limits on housing loans in an effort to prevent the suspected real estate bubble from expanding. Continue reading →

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