Tianjin Sang

Sep 19, 16:09 Tianjin strikes deal to open Xian inland port and logistics base Tianjin Port G...

seagull Sep 19, 16:09
Tianjin strikes deal to open Xian inland port and logistics base
Tianjin Port Group and Xian International Trade & Logistics Park (XITLP) have signed an agreement and set up a joint venture called Xian Lugangjinan International Logistics Co that will function as an inland port, reports Xinhua.

According to the agreement, Tianjin Port Group will take full advantage of various preferential policies of Binhai New Area and give full support to the joint venture company in such aspects as port operations, harbour fee collection, full-course logistics and technical service to build the company into a leading one in international logistics industry in northwest China region.

Tianjin Port has established 21 inland ports and regional sales centre, covering main provinces in China's western interior.

Tianjin Port is one of the main ports for Shaanxi province. Built in 1995, Tianjin Port took the lead in opening the container train between Xian and Tianjin among coastal ports in China. It built an office in Xian in 1996 in a show of cooperation with local companies and related institutions.

Tianjin Port and XITLP reached a cooperation intention on August 4, 2010. After that, Tianjin Port's business in Shaanxi grew sharply and its container business expanded by 147 per cent in the first half of 2011, making it the fastest growing container business in Xian.

Source: shippingazette.com

Jul 24, 12:54 Tianjin Port to issue RMB 3 bln in bills Tianjin Port (Group) Co Ltd, the large...

seagull Jul 24, 12:54
Tianjin Port to issue RMB 3 bln in bills
Tianjin Port (Group) Co Ltd, the largest port operator in North China, said that it will issue RMB 3 billion in short-term bills with a maturity of 366 days on the interbank market on Jul. 25, sources reported, China Knowledge reports.

The company said in a statement that this batch of bills will be issued at the face value, and the yield will be determined in the process of book building. Both value date and payment due date will be Jul. 26.

Proceeds from the issuance will be mainly used to replenish the firm's working capital and repay bank loans, according to the company.

Dagong Global Credit Rating Co Ltd has rated the issuer and the bills AAA and A-1, respectively.

China Merchants Bank has been assigned as major underwriter for the sale.

Tianjin Port plans to invest RMB 45 billion in the construction of port and shipping facilities in the next five years. Tianjin Port, the entry point to Beijing, plans to spend RMB 13.5 billion on infrastructure construction this year. The group intends to build 28 new berths and rebuild 27 berths this year. It will also create a 5.3-million-square-metre stack yard.

Source: shippingonline.cn

Jul 13, 20:49 Tianjin Port to inject 230mln yuan into financial firm Tianjin Port intends to...

seagull Jul 13, 20:49
Tianjin Port to inject 230mln yuan into financial firm
Tianjin Port intends to inject 230 million yuan into Tianjin Port Finance, of which 168 million yuan will be injected to the new financial firm’s registered capital while the remainder will supplement its capital surplus, reports China Securities Journal, citing a company filing, Capital Vue reports.
Tianjin Port estimated an investment payback period of 8.4 years, with a profit margin of 10.1 percent for the capital injection.
Tianjin Port Finance reported revenue of 41.94 million yuan and net profit of 27.79 million yuan in the first quarter of 2011. In 2010, the company posted revenue of 147 million and net profit of 81.56 million yuan.
Tianjin Port specializes in port handling services, commodities distribution, tugboat services, processing, cargo storage, freight forwarding and shipping brokerage services.

businesstimes.com.sg

Jun 1, 12:22 Tianjin builds transhipments with 'dry ports' in 20 cities over 12 provinces NO...

seagull Jun 1, 12:22
Tianjin builds transhipments with 'dry ports' in 20 cities over 12 provinces
NORTH China's port city Tianjin has already had 20 "dry port" projects in 20 hinterland cities in 12 provinces, including those in operation and being built, Xinhua reports.

"Dry port" is a facility that a sea port builds in a hinterland city to collect cargo. It offers greater convenience for shippers in the hinterland region while expanding the sea port's business.

Among the 20 dry ports of Tianjin, seven are already operational, including the ones in Beijing's Pinggu District, Hebei province's Shijiazhuang city and Inner Mongolia's Baotou city. Another three will be up and running this year.

In the first quarter, the seven dry ports in operation handled 37,000 TEU , up 33.8 per cent year on year.

Tianjin's dry ports offers efficient customs clearance and one-stop services for shippers and this helps the port win transshipment growth. Tianjin also offers priority to the cargo from its dry ports when going through procedures and port operations and also reserves exclusive stack yard for such cargo.

This year, Tianjin has been strengthening the development of dry ports by expanding coverage and increase railway container transportation services. It is now operating container train services to Xian, Chengdu, Shizuishan Baotou and Erenhot and moved 93,816 TEU in the first quarter.

Source: shippingonline.cn

Apr 11, 14:12 JV to build and manage a new petrochemical import terminal in Tianjin US-based ...

seagull Apr 11, 14:12
JV to build and manage a new petrochemical import terminal in Tianjin
US-based Merletti Partners International has formed an alliance with Hong Kong firm Rose Rock Infrastructure, Plastemart reports. The latter, through its joint venture with Hongfa Investment, will build and manage a new petrochemical import terminal in Tianjin, China - the fifth busiest port in the world at an investment of US$256 mln. Merletti will be in charge of all project-related security and will manage ongoing security needs upon commencement of operations. This is the first time a western company has purchased a stake in a Chinese petrochemical port. Development on the site is scheduled to take two years to complete, in which time two 10,000 ton chemical berths will be built. The terminal storage should store about 800,000m³ once completed and will hold mainly fuel oil, marine oil, petrol, diesel and benzene.

businesstimes.com.sg

Mar 7, 12:43 Tianjin Port, CNOOC in talks for LNG terminal The operator of northern China's ...

seagull Mar 7, 12:43
Tianjin Port, CNOOC in talks for LNG terminal
The operator of northern China's Tianjin Port was in talks with China National Offshore Oil Corp (CNOOC) to build a liquefied natural gas (LNG) receiving terminal at its port, the China Daily reported on Friday.

"The project will include an LNG dock and receiving station that can handle 3 million tonnes of LNG imported from the Middle East (per year)," Tianjin Port Chairman Yu Rumin told the English-language newspaper in an interview.

All major energy projects in China have to obtain a series of approvals from the central government before they can be built.

CNOOC, parent of Hong Kong-listed CNOOC Ltd (0883.HK), is China's leading LNG terminal developer.

Tianjin Port is the country's third-biggest port by cargo throughput, China Daily reported.

Yu also said that Tianjin Port was in talks with several large domestic companies with an overseas presence to build up or operate ports overseas, the newspaper reported, without giving details.

businesstimes.com.sg