China’s largest domestic container carrier, Zhonggu Logistics, will launch its first overseas route, a China-Vietnam service, on 20 March.
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Martina Li
Asia Correspondent
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Zhonggu Logistics has announced that it has ordered up to eight 4,600TEU ships, from China Merchants Jinling Shipyard (Nanjing) Co., Ltd, completing its intention to book 18 such vessels.
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Ten 4,600TEU container ships commissioned by Chinese domestic liner operator Zhonggu Logistics are among the 22 boxship orders won by Chinese ship builder Yangzijiang Shipbuilding since the start of 2021.
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China’s largest domestic liner operator Zhonggu Logistics confirmed on 20 January that it plans to order a dozen 4,600TEU container ships, with options for six additional vessels.
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Fujian Zhaohang Logistics, the government-led entity that is restructuring struggling Chinese domestic liner shipping group Antong Holdings, has, with 12 other Chinese investors, injected CNY4.53 billion (US$688 million) into the company.
Of the funds, CNY1.35 billion (US$205.24 million) came from Fujian Zhaohang, a joint venture between China Merchants Port Holdings, AVIC Trust and Quanzhou’s municipal government.
Following the cash injection, Antong’s next step will be to implement...
https://container-news.com/antong-gets-us688-million-cash-injection/
Zhonggu Logistics, an affiliate of China’s largest domestic liner operator Zhonggu Shipping Group, has purchased a 49% stake in Dongguan Container Terminal.
The company announced on 14 October 2020 that it had bought the share from Singapore-based terminal operator PSA International, without disclosing the price. Dongguan Port Group continues to own the remaining 51% stake in the terminal in Dongguan in China’s Guangdong province.
Zhonggu Logistics explained that the purchase will boost its...
https://container-news.com/zhonggu-logistics-takes-stake-in-dongguan-terminal/
Xiamen Port Authority has disclosed that China’s Ministry of Transport and Communications has given the green light to develop what will be the first automated terminal in Fujian province.
The project, tentatively called “Pier No. 5” will be developed in the Xiang’an Port Area. The berth is intended to accommodate ultra-large container ships (ULCS), with an annual throughput capacity of 910,000TEU.
Xiamen Port Holding Group, which will operate the terminal, stated that the berth will have a...
https://container-news.com/xiamen-port-to-build-automated-terminal-for-ulcss/
China’s Qinzhou port in the Beibu Gulf which is hoping to increase container volumes, is widening its shipping channel to accommodate larger container ships.
The Qinzhou Port East Channel expansion project aims to make the port a gateway into Guangxi Zhuang Autonomous Region in western China, by adapting to the increasing size of container ships. It is hoped that the expansion of the channel will achieve annual container throughputs of 10 million TEU.
Launched in July, Phase I of the project will...
https://container-news.com/qinzhou-port-expands-vessel-channel/
Zhonggu Logistics, an affiliate of China’s largest domestic liner operator Zhonggu Shipping Group, plans to raise CNY1.5 billion (US$214 million) through an IPO of its shares on the Shanghai Stock Exchange.
The China Securities Regulatory Commission approved Zhonggu Logistics’ IPO application on 23 July 2020. Chinese investment bank China International Capital Corporation is underwriting the share issuance.
Previously listed on Chinese over-the-counter bourse National Equities Exchange and...
Chinese domestic container liner operator Zhonggu Shipping Group has signed an agreement with Guangxi Beibu Gulf International Port Group and Guangxi Free Trade Pilot Zone Qinzhou Port Area to jointly develop a US$70 million container multimodal logistics base in Qinzhou port in the Guangxi autonomous region.
This development, named Zhonggu Qinzhou Container Intermodal Logistics Base is part of Guangxi Beibu Port’s plan to boost Qinzhou’s annual container volumes to around 10 million TEU.
Guangxi...
https://container-news.com/zhonggu-to-develop-container-logistics-base-in-beibu-gulf/