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2008

News

December 2008

Dongfeng Auto shows strong sales

31 December 2008
Wuhan-based Dongfeng Automobile said it expected to sell 170,000 vehicles in 2008, reported China Daily....

New railway lines for Chongqing

31 December 2008
Construction of the Chongqing-Lichuan Railway officially began on 27 December. This Rmb26.18bn line runs 260km from Chongqing North railway station to Liangwu railway station of Lichuan city, Hubei province....

Wanzhou-Yunyang expressway opens

31 December 2008
The Wanzhou-Yunyang expressway was opened to traffic on 27 December, reducing the journey time between the two places to 40 minutes from 90 minutes, according to Chongqing Express Development Co....

Shipbuilding stimulus plan studied

31 December 2008
A stimulus program to revive China's shipbuilding industry is being discussed and will be submitted to the State Council for approval in early 2009, reported China Business news quoting a senior industry official....

Prologis sells China assets

31 December 2008
The US-headquartered Prologis has agreed to sell its China operations and property fund interests in Japan in order to reduce its substantial debts....

Wanzhou Container Terminal starts operations

31 December 2008
The first phase of Wanzhou Jiangnan Tuokou Terminal started formal operation on 20 December....

Nanjing to enjoy water depth of 12.5m by 2013

31 December 2008
According to the planning department of the Yangtze River Waterway Bureau, five major dredging projects along the middle and lower reaches of the river costing a total of Rmb40bn have passed a round of rigorous examinations b...

Wuhan to spend Rmb40bn on transport infrastructure in 2009

31 December 2008
According to Wuhan planners, a total of Rmb40bn will be set aside in 2009 to speed up major transport projects that help better connect the city’s three major districts: Hankou, Hanyang and Wuchang....

Chongqing plans waterway public service

31 December 2008
Chongqing government has recently unveiled a plan to open the waterway as an environmentally-friendly means of public transport....

Yangtze throughput rises but at slower pace

31 December 2008
Initial figures show that the major Yangtze ports recorded a total throughput of 1bn tons of cargo and 692,700teu for the whole of 2008, representing a growth of 9.2 per cent and 25.1 per cent year-on-year....

Waterway maintenance fee abolished

31 December 2008
The State Council has withdrawn the Yangtze Waterway Maintenance Fee as part of its reform on petrol tax....

Cuntan interchange now open

24 December 2008
Vehicles are now running under the Cuntan interchange in Chongqing, according to a local government website....

Wanzhou terminal phase one completed

24 December 2008
The first phase of Wanzhou’s Jiangnan Tuokou container terminal area was completed on 20 December....

Railway projects to create 6m jobs

24 December 2008
China will spend Rmb5,000bn up to 2020 to add 41,000km to its rail network, Xinhua reported, as the government tries to boost domestic demand and ease bottlenecks in the overburdened system. Deputy Railway Minister Lu Dongfu...

Siemens to increase China sourcing

24 December 2008
Siemens is looking to increase sourcing and exports from Asia to help control costs, said Richard Hausmann, the chief executive for Siemens North Asia, according to the China Supply Chain Council. The company also wants to i...

Growth in road transport slows in November

24 December 2008
The freight carried on the national road network in November totalled 1.48bn tons and 107.69bn ton kilometres, up 5.5 per cent and 9 per cent respectively compared with the same period last year....

Speedy approval for Mainland-Taiwan direct shipping permits

24 December 2008
Those mainland-registered shipping lines and their agents that wish to start direct services between the mainland and Taiwan have been promised a speedy approval procedure by the Ministry of Transport....

Yangtze cargo throughput falls in November

24 December 2008
The major ports along the Yangtze trunkline recorded a total throughput of 28.46m tons in November, equivalent to just 80 per cent of the amount carried in the same period last year....

Hubei dredging project completed

24 December 2008
A four-year project to widen and deepen the Luohuzhou section of the Yangtze River was completed on 21 December in Hubei province, reported Xinhua, allowing a 10,000 ton tug barge fleet to pass through the former bottleneck....

Drought in Yangtze tributaries affecting Chenglingji

17 December 2008
The prolonged drought in the Xiangjiang River and Dongting Lake is worsening, prompting officials to flag up orange alert on 17 December....

Railway: linking China’s Northwest and the sea

17 December 2008
The Ministry of Railway has announced that the Huangtong-Baise Railway line connecting Guangxi and Chongqing will start construction in 2009....

New Hubei base for Li-Ning

17 December 2008
Li-Ning has started construction of a Rmb3.2bn manufacturing and distribution centre in Jingmen, Hubei province....

Outer ring road nears completion

17 December 2008
Chongqing’s 187km outer ring highway is due to be completed at the end of December....

Shanghai port traffic set to rise 9%

17 December 2008
Shanghai port’s container traffic will rise 9 per cent in 2008 to 28.5m teu, predicted municipal government spokesman Chen Qiwei....

Direct transport links start to Taiwan

17 December 2008
The first cargo ship from Taiwan via a direct shipping route to the Chinese mainland since 1949 docked at the port of Xiamen, Fujian province on 17 December. Goods unloaded from 326 containers on the ship included oranges, m...

Slump in China’s new vessel orders

17 December 2008
New shipping orders in China decreased 44 per cent year-on-year in the first 11 months of 2008, compared with a fall of 37 per cent worldwide, according to a report by shipping research company Clarkson Research Studies....

Increase in Capesize charter rates

17 December 2008
A revival in Chinese demand for iron ore and coal has led to a significant recovery in charter prices, reported the Financial Times....

Zhangjiagang given Bonded Port status

17 December 2008
The State Council granted bonded port status to Chongqing and Zhangjiagang in December, joining Yangshan Terminal in Shanghai as the three bonded areas along the Yangtze River....

Yangshan third phase completed

10 December 2008
The third-phase construction of Yangshan deepwater terminal was completed on 4 December, expanding the terminal’s annual throughput to 9.3m teu said Liu Zuoliang, chairman of Shanghai Tongsheng Investment Group and vice...

Delay for water transport scheme

10 December 2008
The main route of China’s huge south-north water transfer project has been put back four years because of pollution concerns, reported Xinhua....

Wuhan consulate for South Korea

10 December 2008
South Korea is to open a consulate general in Wuhan by the end of 2008 or early 2009, said Wan Yong, assistant to the city’s mayor....

Huaneng starts shipping line

10 December 2008
Power giant China Huaneng Group plans to invest Rmb500m in setting up a shipping company that will operate on the middle and lower reaches of the Yangtze River, reported Caijing....

UPS opens Shanghai hub

10 December 2008
UPS of the US has opened an international air hub in Shanghai Pudong International Airport with an investment of US$125m....

Fuel tax rise goes ahead

10 December 2008
China will increase retail fuel taxes and abolish some fixed charges for car owners in 2009 to encourage the use of more efficient vehicles and to meet energy-saving targets....

New container barge models approved

10 December 2008
Two container barge models that will operate on both river and sea have been approved by a panel of experts at a meeting in Wuhan on 13 November....

Chongqing to spend Rmb164bn on transport

10 December 2008
Chongqing municipal government has recently announced its ambition to invest Rmb164bn in transport infrastructure within the next five years....

Suzhou port performs strongly

3 December 2008
Suzhou port’s throughput capacity (which includes the three terminals of Changshu, Taicang and Zhangjiagang) increased 16.8 per cent to 137m tons between January and August 2008, according to Jiangsu Transportation Depa...

Guangxi to invest in coastal connection

3 December 2008
Guangxi Zhuang autonomous region in southern China will invest more than Rmb400bn on transportation infrastructure over the next five years, reported Xinhua....

China to spend 25% more on transport infrastructure in 2009

3 December 2008
The Ministry of Transport said it expects to spend Rmb1,000bn on transport infrastructure in 2009, up from about Rmb800bn in 2008....

Ports stay firm on iron ore handling costs

3 December 2008
Falling iron ore imports are unlikely to lead to an imminent reduction in handling costs at Chinese ports, according to a report by Securities Times....

New line to relieve coal transport bottleneck

3 December 2008
Construction will start in 2009 on a 1,000km railway line dedicated to transporting coal from Inner Mongolia to Hebei province. The new line will stretch from Erdos to Caofeidian in Tangshan, sources told China Daily....

State rice trading centre for Wuhan

3 December 2008
Construction has begun on China’s first state-level rice trading centre, reported People’s Daily....

Wuhan tunnel opens to traffic

3 December 2008
A new road tunnel under the Yangtze in Wuhan is to open to traffic on 28 December, said Hubei provincial website. The 3.6km tunnel will connect the city’s two major districts, Wuchang and Hankou....
     
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