ANALYSISCHINA
transportation research for Goldman Sachs
Asia, while speaking at January’s Breakbulk
Asia conference in Singapore, noted that,
Blown to the front
while many economies around the world
contracted last year, China’s GDP grew China’s ambition to be ‘the Silicon Valley of
8.7 percent, and is likely to grow 11.4 percent renewables’ is fast taking shape, providing huge
and 10 percent in 2010 and 2011 respectively. opportunities for both inbound and outbound cargo.
Continued double-digit growth can bring The Chinese currently lead the world in the
fears of bubble economies – as was seen in manufacture of solar cells, and on the wind energy
Japan. This would not be the case in China, front, the numbers are spiraling upwards.
argued Kim, who said: “The end demand is China powered ahead yet again last year, adding
real. They are not building bridges to nowhere.” 13,000 MW of wind power capacity, accounting for a
The reduction of exports, combined with little over a third of the 37,466 MW added during the
infrastructure-hungry nations in the Middle year worldwide, according to the Global Wind Energy
East, Africa and the Americas could see Council (GWEC).
breakbulk cargoes surpass containers leaving China, according to GWEC, was the world’s largest
China in the future, Kim intimated. market for wind power in 2009, more than doubling
China added
Fears of certain sectors overheating have its capacity from 12,100 MW to 25,104 MW, the fifth
13,000 MW of
wind power
spurred the government into action. Property year in a row that wind power capacity has grown by
capacity last year.
prices have shot up out of all proportion. In more than 100 percent.
Beijing, for instance, developers can barely A 2020 wind target of 150 GW has been mooted
keep pace with demand, as the amount of as part of Beijing’s aim to have 15 percent of its
residential floor space sold in 2009 energy derived by renewables, a figure that is already construct a 600 MW wind farm across approximately
skyrocketed 82 percent from the year before. being rumoured as being too small, with 20 percent 14,500 ha in Texas, the first time Chinese and US
Readily available money has enabled the likely target. Last year saw the nation install its entities have agreed to jointly develop a utility-scale
developers to build more housing, while first offshore wind turbines. wind power project. Some 240 2.5 MW wind turbines
encouraging households to buy. The average GWEC also anticipates that, within the next three will be manufactured in Shenyang.
price of new residential property in 70 cities years, China is likely to become the globe’s major In 2004, there were six wind turbine
rose 11.3 percent in January from a year wind turbine producer, exporting these windmills manufacturers in China. By 2009 that number
earlier, the National Bureau of Statistics said across the world. increased to more than 70 companies.
recently, accelerating from December’s Recently, the US Renewable Energy Group and Chinese-made wind turbines are expected to
9.1 percent gain. Cielo Wind Power of Texas entered into a joint generate huge volumes of business for project
Chinese officials moved on February 12 to venture with China’s Shenyang Power Group to forwarders in the coming decade.
restrain bank lending and put a lid on
incipient inflation.
China’s action will require banks to set
Two heavy lift records smashed in China
aside more reserves with the nation’s central Last year saw two heavy lift records broken in China.
bank, instead of lending the money to China-based forwarder Younger Niche (YNL) claimed
businesses and consumers. It was the second to have moved the largest piece of equipment by road
such step in a little more than a month, and it transport in ZhangJiaGang, Jiangsu Province, at the
is aimed at curbing the excessive borrowing end of last year (left).
which has stoked Government worries that The cargo measured 14 m x 7.4 m x 7.9 m, and
China’s economic gains could be undone by weighed 86 tonnes. It was moved by road from the
an overheated real estate market. supplier’s premises to PuXiang port, ZhangJiaGang.
If the property bubble was to burst, there The move, covering 30 km, took 22 hours to complete
could be a nasty knock-on for the project and involved the services of local ZhangJiaGang
forwarding business. government, the police, and officials from the
“China’s entire growth and investment Department of Electrical Power.
boom is centred on sentiment in the property Meanwhile, Jumbo Shipping’s vessel Fairpartner in
market,” said Doris Chen, banking analyst December successfully discharged the longest load in
with BNP Paribas in Shanghai. High property the shipping line’s 41-year history of heavy lift
prices support local government budgets, she shipments. Two tanker barges were loaded on board in
said, and so indirectly finance many of the Nantong, China. One of the barges, weighing over 1,300 tonnes, had a record length of 135 m, the longest
infrastructure projects that have been rolled piece of cargo ever lifted by a Jumbo heavy lift vessel.
out as part of the stimulus. The combination of length, weight and discharging method produced a record lift: the 1,300 tonne load was
How the government gently lets air out of lifted over the portside at an outreach of 31 m. The second barge had only slightly smaller dimensions: 1,100
the bloated property market will be vital for tonnes and a length of 130 m. The barges were double-stacked, lashed and secured, then shipped to
prolonging China’s roaring economy in the Rotterdam, Netherlands, via the Cape of Good Hope.
Year of the Tiger. HLPFI
www.heavyliftpfi.com March/April 2010 97
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