The company was listed in Hong Kong in 2006 which means it will become China’s first port with a dual listing.

And also the Dalian Port is the biggest port operator in Bohai Bay which is located in the northeastern China; it focuses on container and crude oil.

The company said this month that it will issue no more than 1.2 billion A shares in Shanghai and no more than 1.2 billion shares to its parent (Dalian Port Co Ltd), expecting to raise a total of 2.8 billion yuan.

Currently the company is holding 3 billion shares and the holding of its parent will be reduced from 60 percent to 55 percent after the share issue.

The executive director of Dalian Port, Zhang Fengge said that assume 3.67 yuan per share as the offering price, and the asset acquisition earned 14 million yuan this year, the dilution effect to H shares may be offset and the earning per share will increaser 0.7 percent.

Funds raised earnings will be used for the construction of dock infrastructure and bulk cargo dock facilities, as well as bank repayment.

Sun also said that the port would increase capital expenditure next year to 3 billion yuan after an asset acquisition from its parent Dalian Port Co Ltd, up from 2 billion yuan this year. And after that asset acquisition, it would enjoy a big market share. And the net profit may rise to 140 million yuan.

Dalian Port accomplished throughput of 185 million tons, an 11.9-percent rise on the previous year, and an 18.1-percent rise in containers to 4.5 million 20-foot equivalent units (TEUs). More than 90 percent of trade containers in northeastern China move through the port to go abroad.

The port aims to boost throughput by 10percent next year from this year’s expected throughput. Its passenger roll-on, roll-off terminal experienced a 50-percent rise on both throughput and revenue in the first half year of 2009.

China port operators have been reporting gradually improving volumes after the deepest slump in global trade because of the economic slowdown.

There is still growth in cargo volumes last month compare to the year earlier, posted by China’s Yangtze River Delta. Cargo throughput at Shanghai rose 5.8 percent year on year to 33.28 million tons last month, according to Shanghai International Port Group (SIPG).

The Baltic Dry Index reached a seven-month high point this week, boosting optimism for port business in the fourth quarter and early next year.

Qingdao, another high rated port, is also gearing up for its IPO as the seventh largest port worldwide and first container transfer port in China.

Tian Guangwen, the vice-president of Qingdao port said that they have been preparing for year, he said that they ran for H shares at first but this year they restarted the application for A share listing and wish to go to the market as a whole.

He also said that it is good news for Dalian. Their IPO will not be for capital raising but for better development.

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Net income rises to 3.64 billion yuan, or 0.17 yuan a share, from 2.97 billion yuan, or 0.14 yuan, a year earlier, announced by the company in a Shanghai Stock Exchange statement yesterday. Sales climbed to 16.3 billion yuan, up 27 percent.

Shanghai aims at replacing Singapore as the world’s busiest container port this year and boosted traffic 20 percent in 2007. The growths tend in cargo volumes and profit at Chinese harbors may stop this year as demand weakens in the US and China intends to cool its economy.

“It will be a difficult year for port operators,” Ji Min, an analyst at China Merchants Securities Co in Shenzhen, said before the earnings release. ”The weakened export demand will be a hedge for the port operators, especially the container handlers, greatly.”

Shanghai shifted 26.2 million twenty foot-equivalent containers last year. Its cargo volume climbed 4.2 percent to 560 million tons, which is almost half of Shanghai Port’s sales last year, said in the statement.

Singapore’s sale volume was 27.9 million boxes last year, a gain of 13 percent. PSA International Pte, the largest operator at the city-state’s port, and the world’s second biggest container terminal company, saw an enhanced profit of 59 percent on rising global trade and the sale of units.

Hutchison Port Holdings Ltd, the biggest container terminal operator, promoted earnings 13 percent before interest and taxes, released by parent Hutchison Whampoa Ltd on March 27.

Shanghai, which surpassed Hong Kong last year as the world’s second largest container port, may increase its traffic to more than 30 million cargo boxes this year, Shanghai Port President Chen Xuyuan said earlier.

China’s ports may face smaller profit growth this year owing to weaken demand for goods made in China, damped by slowed US consumer spending, according to the National Development and Reform Commission.

There may be a “turning point” this year for the country’s ports and slowed investment and profit waiting ahead, Wang Ming, a deputy director of transport at China’s top planting agency, said.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

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Shanghai surpassed Hong Kong for the first time to be the second largest container port in 2007, behind Singapore. Its container volume reached 26.15 million TEUs last year, taking 20 percent growth. Singapore remains the largest container port in the world.

SIPG also intends to invest around 4.5 billion yuan in expansion—2 billion yuan will be spent on adding berths. But investment in the Yangshan project in excluded. Although no “concrete plans”, an overseas listing is also considered.

According to Chen, an NPC deputy, given the size of the mainland, Shanghai overtook Hong Kong is not a surprise. However, ports in Hong Kong and Singapore have advantages in terms of natural resources and better policies; and Shanghai still have to learn from them the better technology as well as expertise on management and service.

Despite signs of a US economic recession and anticipation of China’s export slow, Chen is optimistic about the port growth this year. He still expects foreign trade will be up 20 percent in the Yangtze River Delta region, which is 15 percent over the national average.

Chen said, the port group may bring in foreign investors and strategic partners to make some development and improvement in its business and management. A good example is its cooperation with AP Moeller-Maersk Group in Belgium. It expects total cargo volume, including non-container traffic, to rise between 8 and 10 percent this year.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

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According to Chang Dechuan, chairman and president of Qingdao Port (Group) Co Ltd, now the port is growing at its fastest point. Its throughput in the first quarter of this year was more than 75 million tons, a 15 percent increase than the same period of last year. The throughput of the port doubled and tripled 2002, which was 265 million tons and 9.46 million twenty-foot container units (TEUs) in 2007. Thanks to its trade relations with 450 ports in more than 150 countries and regions, the port handle 300,000 tons of iron one yearly. That makes the port the largest in Asia and the third largest for containers in China.

The port’s accumulated throughput includes 180 million tons of crude oil and 192 million tons of iron ore in the past years. 85 percent of its volume in 2007 came through handling coal, crude oil, iron ore, containers and grain. By 2010, handling capacity for crude oil is expected to reach 55 million tons, which will make the port the largest terminals in the world for crude oil, and liquid chemicals as well.

According to the 11th Five Year Plan (2006-10) for Qingdao port, it will further develop at Jiaozhou Bay, Qianwan Port,Aoshan Bay and Dongjiakou. It is trying to become a global modern port by 2010. Plans call for the port to accelerate construction of coal transshipment facilities to reach a capacity of 26 million tons. They also call for the port to become one of the most state-of-the-art ports in the world which uses high technology and comprehensive logistic services.

An investment of 1.4 billion yuan funded construction of five quays in 2007 increases annual capacity by 19.9 million tons; annual import-export cargo from provinces along the Yellow River basin is increasing 20 percent in Shandong ports; twenty of the world’s top shipping companies have regular lines serving Qingdao; More than 100 well-known domestic companies have close cooperation with the port, while seven of the top 500 global companies have established operations there.

In 2003, Qingdao Qianwan Container Terminal Co Ltd, a $887 million joint venture was founded between the port and three partners—Maersk Group and P&O Nedlloyd Ltd, and China Ocean Shipping (Group) Co (COSCO).

Rapid expansion of the port has driven the development of other entities, including customers, quarantine inspection and logistics. The constructing work for the fourth phase of the Qianwan container has been started on September 8, 2007. It will be completed by 2010, when it will have an annual throughput capacity of 210 million tons and 10.6 million TEUs.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

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It is the first luxury liner to take tourists from China’s mainland directly to international waters. Before this, mainland tourists who want to take ocean-going cruises have to go to luxury cruise terminals in Hong Kong or Singapore.

Making its first call at Xiamen on the eastern coast of Fujian province on April 11 with over 1,600 overseas tourists from Hong Kong, Taiwan, Japan, the Republic of Korea, Canada, Singapore and Australia, Superstar Virgo will altogether make 25 regular calls at Xiamen at 1 p.m every Thursday and return to Hong Kong at 10 p.m on the same day till October.

Wu Mingfa, marketing manager of Star Cruises, said that Xiamen is an ideal port for international luxury liners to tap the huge market potential across China’s mainland, Hong Kong and Macao special administrative regions as well as Taiwan.

The World Cruise Shipping Industry predicts the number of cruise passengers in Asia will rise 40% from 1.07 million in 2005 to 1.5 million in 2010, which is made possible in part by Asia’s growing affluence and improved flight options to regional port cities.