Green light for SPC stock sale

With Shanghai growing strongly, SIPG plans to absorb Shanghai Port Container Co prior to its own IPO that in turn could pave the way for it to become an international terminal operator.

Westport Malaysia says it has set a new world record for berth productivity in handling a staggering 421 moves in one berth hour, breaking its previous record of 368 achieved in 2003. Other claims to a world record in recent years include Tanjung Pelepas with 340 moves/hour, Qingdao Qianwan with 381 and Waigaoqiao port operator Shanghai Port Container Company with 529 (said to have been achieved with nine cranes).

Shanghai Port Container (SPC), the listed subsidiary of Shanghai International Port Group (SIPG), has posted disappointing thirdquarter results, indicating that competition between Chinese port operators is getting tougher.

ZPMC is commissioning its novel automated yard handling system featuring remote controlled cranes for the truck/tractor interface and automated stacking cranes (ASCs) for conventional yard stacking.

Shanghai is looking to the Yangshan development and Yangtze river network to sustain its phenomenal growth rate, but it faces increasing competition from Ningbo.

Cosco Pacific is paying Yuan 168.22 mill (US$20 mill) for a 20 per cent stake in a container terminal at the Yangtze River Delta port of Nanjing.