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2008

News

June 2009

Jiujiang port to build 18 major berths

24 June 2009
Jiujiang Port Authorities have announced a plan to build 18 major berths of 1,000dwt or more, adding an annual handling capacity of 25m tons of cargo by 2012....

Major renovation project approved in Jiujiang

24 June 2009
The local government in Jiujiang has approved a major renovation project on the city’s No.214 quay at a cost of Rmb320m....

Wuhu ship exchange regains prominence

24 June 2009
Wuhu Ship Exchange traded 1,046 vessels in 2008, recording a dead weight tonnage of 762,000 tons, third in the national ranking, and a total transaction value of Rmb1.13bn, eighth in the national ranking....

Nantong welcomes Taiwan trade

24 June 2009
By 22 June, Nantong Maritime Safety Bureau had recorded the 64th vessel direct from Taiwan and a total Taiwan-related throughput of 350,000 tons since the mainland and Taiwan signed a direct shipping agreement on 15 December...

Eight die in Chongqing floods

24 June 2009
Heavy storms in most parts of Chongqing claimed eight dead and three missing and caused the displacement of 106,000 local residents, according to the local government....

Green campaigners criticise Yangtze hydropower plan

24 June 2009
Environmental advocates have warned that a planned dam on the Yangtze River could lead to the extinction of a number of rare fish species, reported the Wall Street Journal....

JCS opens Nanjing air-con facility

24 June 2009
Japan Climate Systems, a joint venture involving Visteon, Mazda Motor and Panasonic, has opened an auto air-conditioning system plant in Nanjing....

Major roll-out of high-speed railway lines

24 June 2009
Around 13,000km of high-speed railways capable of handling trains travelling at more than 200kph could be completed and put into service by 2012, according to a railway ministry official quoted by China Daily....

New Huangpu tunnel completed in Shanghai

24 June 2009
Tunnelling work has been completed on a new crossing under the Huangpu River in Shanghai, China Daily reported....

TNT opens Wuhan road hub

24 June 2009
TNT has opened a regional road hub in Wuhan, Hubei province, which will be managed by its wholly owned subsidiary TNT Hoau....

Milestone for Chongqing-Yichang Expressway

24 June 2009
The Meixi River Grand Bridge in Chongqing municipality was completed on 17 June. The 821-metre bridge forms part of the Fengjie-Yunyang section of the Chongqing-Yichang Expressway, which is due to open to traffic next year....

Deloitte opens Chongqing office

24 June 2009
Deloitte Touche Tohmatsu has opened a financial advisory office in Chongqing, its first in southwest China. The firm now has twelve offices across the country....

Wuhan to build chemicals terminal

17 June 2009
Wuhan’s vice mayor Yue Yong was quoted in the local media on 16 June as saying that construction of a major chemicals terminal would start in the second half of this year at the chemical industrial zone in the east of t...

Chongqing to spend extra Rmb24.5bn on waterway

17 June 2009
Chongqing Port Authority announced recently that it would speed up the modernisation of the waterway network in the upper reaches of the Yangtze by investing an additional Rmb24.5bn over the next three years, reported Chongqi...

Three Gorges ready for flood season

17 June 2009
The water level of the reservoir at the Three Gorges dam fell to 145.84 metres at 2pm on 9 June, according to the China Three Gorges Dam Corporation, signalling the end of the water release process and its readiness for the f...

Jiangsu to register all dangerous goods terminals

17 June 2009
From 17 June, Jiangsu Maritime Safety Bureau will start registering all its 179 terminals that handle dangerous goods in an effort to check their safety and emergency precautions....

Major coal rail project to start construction by year end

17 June 2009
According to Hubei province’s Reform and Development Commission, the first north-south rail line dedicated to transporting coal is inviting bidding; construction work is expected to start at the end of the year....

Fine for overloaded coach on Shanghai-Nanjing Expressway

17 June 2009
Transport police on the Shanghai-Nanjing Expressway flagged down a passing sleeper coach at 6:30pm on 15 June only to find 148 passengers on a coach with a capacity of 39....

Chongqing unveils car purchase subsidy scheme

17 June 2009
Chongqing government has announced its detailed subsidy policies to encourage farmers to buy new cars and motorbikes....

Chongqing to start work on five new expressways in 2009

17 June 2009
Chongqing will start constructing five new expressways in 2009, according to the municipal government....

Sandoz acquires Chongqing pharmaceutical firm

17 June 2009
Sandoz, the Germany-based pharmaceutical company, is to set up its Chinese headquarters in Chongqing and merge with Chongqing Lummy Pharmaceutical, according to a municipal government website....

Wanzhou to create ship industry town

17 June 2009
China Shipbuilding Industry Corporation is to build a ship industry town in Wanzhou, a city of some 1.7m people situated halfway between Chongqing and Yichang....

Offshore LNG plant wins approval

17 June 2009
PetroChina, China’s largest oil producer, has received approval from the Ministry of Commerce for its proposed Rmb6.6bn investment to build a liquefied natural gas (LNG) terminal in Jiangsu province, Shanghai Securities...

Logwin opens Zhangjiagang office

17 June 2009
Luxembourg-based logistics company Logwin has opened a new customer office in Zhangjiagang, Jiangsu province....

Industrial output rises again in May

17 June 2009
China’s industrial output climbed 8.9 per cent year-on-year in May, 1.6 percentage points higher than in April, according to the National Bureau of Statistics (NBS). Among the big sector gainers were chemical product...

Evergrande invests in fifth Wuhan property project

17 June 2009
Guangzhou-based property developer Evergrande Real Estate has decided to invest Rmb10bn in a mixed use development project in Wuhan, Hubei province....

PYI acquires 25% stake in Jiangyin terminal

17 June 2009
PYI Corporation, the Hong Kong-based bulk cargo port operator, has acquired a 25 per cent interest in Jiangyin Sunan International Container Terminal from Shanghai International Port Group for a sum of Rmb28m....

WuSteel plans investment in seven Chinese ports

10 June 2009
Wuhan Iron and Steel, China’s third largest iron and steel producer, recently confirmed its plan to invest several hundred million Renminbi in seven ports across the country to facilitate the transportation of its raw m...

Strong winds cause 12 vessels to capsize on Yangtze

10 June 2009
At 8:30pm on 5 June, hurricane-force winds on the lower reaches of the Yangtze between Wuhu, Anqing and Jiujiang, caused 12 vessels to capsize and 47 crew members to fall into the river....

Three Gorges shiplocks shutdown causes delays

10 June 2009
The southern shiplocks at the Three Gorges Dam were shut down for a total of 58 hours between 8 and 10 June for maintenance repair, according to the Yangtze Three Gorges Navigation Administration....

Tongling welcomes record number of international vessels

10 June 2009
According to sources from Tongling Customs, 36 international vessels entered the city’s port in May, a record monthly total since Customs clearance was set up 12 years ago....

Contaminated containers pose grave problem, say Nantong inspectors

10 June 2009
Nantong quarantine inspectors targeted the numerous empty containers stacked in Nantong’s container yards recently, according to an article in China News Service published on 10 June, and issued a grave warning that poo...

Dow’s Zhangjiagang plant enters full production

10 June 2009
Dow Chemical’s new facility in Zhangjiagang, Jiangsu province, has completed trial operations and started production of commercial-grade glycol ethers....

Shagang looks to acquire Zhangjiagang Wanda

10 June 2009
Jiangsu Shagang Group is weighing up an acquisition of Zhangjiagang Wanda Steel Plate, according to China Business News....

Wal-Mart to spend US$17m on Chongqing stores

10 June 2009
The giant retailer Wal-Mart plans to invest a total of US$16.9m in the five stores it will open in Chongqing this year, according to a company executive quoted by Chongqing Daily....

Daily service tipped for Chongqing-Taiwan route

10 June 2009
Air China will increase the frequency of its Chongqing and Taiwan service to three flights a week from August 2009 and it is expected to become a daily service by the end of the year....

AirAsia continues China expansion

10 June 2009
Low-cost airline AirAsia plans to continue its China expansion in 2009 by flying to two new destinations. In the second half of the year, the Malaysia-based carrier will start services to Chengdu and Xian from Kuala Lumpur....

Chery raises Rmb2.9bn for expansion

10 June 2009
Wuhu-based Chery Automobile, China’s largest automaker, has raised Rmb2.9bn from Chinese private investors to fund its development and expansion plans....

Upturn in May cargo throughput

10 June 2009
Cargo throughput in May at China’s leading ports rose 5 per cent from a year earlier to 546m tons, said the Ministry of Transport....

New China infrastructure fund launched

10 June 2009
UK-based investment firm Ecofin has launched a China power and infrastructure fund to invest in equities of major companies. The company said the fund would benefit from the Chinese government’s massive upgrade of th...

New insurance scheme targets river pollution

3 June 2009
Jiangsu government launched a month-long promotional campaign on 1 June to increase awareness of a government-backed insurance scheme to cover the costs of river pollution and clean-up before it comes into full operation in J...

Wuhan private terminals urged to open up

3 June 2009
Wuhan Port Authority has urged privately-owned terminals to be opened up to outside users....

Shanghai arbitration centre launched

3 June 2009
Shanghai International Maritime Arbitration Centre was set up on 25 May as part of on-going efforts to build Shanghai into an international shipping centre....

Increase in Yangtze foreign trade throughput

3 June 2009
The major Yangtze ports reported a total cargo throughput of 90m tons in May, the same level as last May, according to figures released by the Yangtze River Administration....

Property sales fall in Nanjing, rise in Wuhan

3 June 2009
The number of residential properties sold in Nanjing totalled 8,486 units in May, equivalent to 949,000 sq metres, according the Nanjing Real Estate Bureau. Both totals were about 10 per cent lower than the previous month....

Nantong fines foreign vessel for inspection rules breach

3 June 2009
A Panama-registered vessel entered Nantong from South Korea on 28 May and was spot fined Rmb1,000 for not displaying three red lights at night while waiting for quarantine inspectors....

Yichang-Wuhan Expressway renamed

3 June 2009
According to the transport authorities in Hubei province, the Yichang-Wuhan Expressway has been renamed Shanghai-Chongqing Expressway as of 1 June....

Wuhan branch for Schenker

3 June 2009
Logistics services provider Schenker China has obtained a business licence to establish a new branch in Wuhan, Hubei province. Heavy industry is a pillar of the local economy, led by iron and steel....

Sinopec builds Jiujiang hydrofining unit

3 June 2009
Sinopec has started building an 18,000 barrels-a-day hydrofining unit at its Jiujiang plant in Jiangxi province to improve petrol quality....

Sinochem facility in Taicang starts operation

3 June 2009
Sinochem’s new 50,000 tons polyether polyols facility in Taicang, Jiangsu province, started trial operation in late May....

Auto sector boost for Magang

3 June 2009
Maanshan Iron & Steel, China’s second-largest steelmaker, has recorded significant growth in its auto steel plate sales in recent months, according to sources reported by China Knowledge....

Jiangyin steel imports soar in Q1

3 June 2009
Jiangyin port imported 841,000 tonnes of steel in the first quarter of 2009, an increase of more than eight fold over the same period last year, according to the city’s Customs office....

Work begins on Chongqing bonded port zone

3 June 2009
Construction work begun on 2 June of the first phase of Chongqing Lianglu Cuntan Bonded Port Zone....

Chongqing expressway to open in October

3 June 2009
The Shuijiang-Wulong section of Chongqing-Hunan Expressway will open to traffic in October 2009, according to a Chongqing government website....

Tongling plans to increase copper output

3 June 2009
Tongling Nonferrous Metals Group, China’s largest copper smelter, plans to raise production by 23 per cent in 2009 to 800,000 tonnes, according to analyst Yang Changhua at state-owned metals consultancy Antaike....

Polynt opens new Changzhou production line

3 June 2009
The Italian chemicals company Polynt has opened a new production line at its facility in Changzhou, Jiangsu province. Situated in Xinbei Industrial Park, the plant was built in 2004 and acquired by Polynt in 2007....

Taizhou launches China’s first high-tech medical zone

3 June 2009
China’s first national level medical high-tech industrial development zone was established in Taizhou, Jiangsu province, on 29 May....
     
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