By Wang You from Shanghai
Having just rented half of one floor of Shanghai Jinmao Tower, the Logistics Dep. of Sinochem International Corporation (600500.SH "Sinochem International") is brewing a grant proposal of logistic integration.
A few days ago, Li chao, Vice G.M. of Sinochem International revealed to the journalist of SBN Daily that, the company was planning to set foot in tankers and ports, and land transportation businesses, and through the combination with original sea borne trade, to integrate the land, the port and the water-way transport into a whole body, in hope of offering producers and traders of high-ending chemicals an all-round solution to the water-way, port and land transportation.
Purchasing transport vehicles and building tankers
Speaking of land transportation business of Sinochem International, the company has purchased a fleet, including ten transport vehicles.
As for making investment in tankers, Sinochem International choose surrounding areas of the Gulf of Bo Hai, East China and South China as the investment destination, where a large tanker will be built and existed tankers may be merged.
As a rising investment industries, the construction of tankers for gas, diesel oil, liquid oil and ethane in various ports across China have increased a lot. On Jun.9th , Taiwan Plastic started construction of tanker for ethane in the city of Lingbo; Changliu Base of oil and gas storage and transportation, owning 14 various kinds of tankers, which is the largest in Hainan province, began running business on Jun.3rd . On 8th of the same month, the largest base of ethane tankers in China was established in Tianjing.
A insider said, generally speaking, the investment made in a tanker ranges from millions to billions of RMB, mainly depending on the products it stores and facilities. Sinochem International is by no means to buy or build tankers for the sake of using tankers, but is in hope of getting to know all the links of chemicals transport and to pave way for offering integrated services to clients, through the operation of tankers.
A logistics allocation boom is around the corner
In the water-way transport, Sinochem International will buy or build new vessels based on the existed shipment companies. Meanwhile, in late Jun. or early Jul., the company will join American STOLT, the world largest liquid chemicals transport corporation, to fund a shipment company, mainly tapping into the domestic shipment market.
The Hainan Sinochem Shipment Co. Ltd. ( "Sinochem Hainan") under the control of Sinochem International has got 14 vessels, boasting an annual weight capacity of chemicals and oil products of 1 million tons. With navigational waters covering coastal area in China, North Indian Ocean, Mediterranean and Europe, the company enjoys stable source of supply. In the future, the company will newly establish ten chemicals ships of various styles and tonnages.
With Shell and Shanghai Saike as its current shipment clients, the company will also target multinationals such as BASF, BP, Dow Chemical, and Bayer as the partner for future cooperation.
From 2002, foreign chemical enterprises began to flour into China. Multinationals such as BP, TOTAL, EXXON, ChevronTexaco and BASF have all set foot in the domestic oil-refining and chemical project one after another, the huge demand for the shipment of raw materials and products caused by which thusly providing the inner trade transport market with chances of development. According to Sinochem International's estimation, the boom of logistics allocation for those high-ending clients is coming in 2007 and2008.
Established in Beijing in 1998 and relocated into Shanghai in Jun. 2001, Sinochem International, as the only listed company of Sinochem in the country, mainly runs trade of goods such as chemicals, plastic, rubber, metallurgical coal and steel, etc.
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