Port casts net for shipping firms By Li Wenfang (China Daily) Updated: 2006-05-25 10:06
The port of Guangzhou, capital of South China's Guangdong Province, is
seeking co-operation with more international shipping giants to boost its
overseas throughput as it continues to expand its capacity to harbour container
vessels.
"The more international lines a shipping company can bring here,
the greater its involvement in the operation of the port," said Huang Guosheng,
director-general of Guangzhou Port Authority.
International companies
could gain a share in the operation of the port by bringing significant shipping
lines, Huang said.
International shipping giant Maersk acquired a 20 per
cent stake in the second phase of container berths at the Nansha port area in
Guangzhou and started an Italy-Nansha line in April this year.
A number
of other international shipping giants have shown interest in Nansha, Huang
said.
The Guangzhou port currently accommodates mainly bulk goods and
domestic container lines.
But it's building more container berths and
deepening waterways at Nansha to take larger international vessels as part of
the ongoing national five-year plan.
The port of Guangzhou handled
250.36 million tons of goods last year, 16.3 per cent more than the previous
year, making it the third-biggest Chinese port and the fifth worldwide, Huang
said.
This includes 4.68 million 20-foot equivalent units (TEUs) of
containers, up 41.8 per cent year-on-year.
The Nansha port area has
become a new growth area of the Guangzhou port, Huang said.
The four
container berths at Nansha, completed in 2004 and each capable of harbouring
50,000-ton vessels, handled 1.08 million TEUs last year and are expected to
handle more than 2 million TEUs this year. The China Shipping Group has acquired
a 40 per cent share in the operation of the berths.
Six such berths are
being built in the second-phase development with an investment of 5 billion yuan
(US$616.52 million) and are scheduled to start operation in September next year.
Hong Kong-registered COSCO Pacific and Maersk have acquired a 44 per cent and 20
per cent stake in these berths respectively.
The 60-kilometre waterway
from Nansha to the anchorage ground at the mouth of the Pearl River will be
capable of housing vessels of up to 200,000 tons by 2010.
The major draws
of Nansha include proximity to the sources of goods and the relatively low
container-handling cost, Huang explained.
Nansha is close to a number of
export-oriented manufacturing areas, especially those located to the west of the
Pearl River, including Nanhai and Shunde.
More roads and railways are
being built to link the west of the Pearl River to the east, which will
facilitate the flow of goods.
This confidence in the source of goods is
also based on Guangdong targeting an annual economic growth of 9 per cent
between this year and 2010, said Chen Hongxian, chairman of the Guangzhou Port
Group Co.
The company is the major operator of the port of Guangzhou and
accounts for two-thirds of the business there.
Massive industrial
projects adjacent to the port are also thriving in Nansha, as well as some other
parts of Guangzhou, including a car-making plant and Toyota's export-oriented
car engine plant, an iron and steel project, a major shipbuilding base and an
anticipated sizeable refinery. (For more biz stories, please visit Industry Updates)
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