Relying on the strategy of new land and sea channels in the west, Guangxi Beibu Gulf Port Co.Ltd(000582) has sprung up. In 2021, not only the cargo and container throughput ranked among the top ten ports in China, but also the two growth rates led the major coastal ports in China.
Recently, the 15th anniversary celebration meeting of Guangxi Beibu Gulf Port Co.Ltd(000582) group revealed that in 2021, Beibu Gulf Port Co.Ltd(000582) cargo and container throughput ranked 9th and 8th in China respectively.
The data show that in 2021, the port completed a cargo throughput of 358.22 million tons, a year-on-year increase of 21%; Container throughput reached 6.01 million TEUs, with a year-on-year increase of 19%. Both growth rates ranked first among major coastal ports in China, and were much higher than the national average growth rate (6.8% and 2.8%).
Does the rise of Beibu Gulf Port Co.Ltd(000582) mean that the new land and sea channel in the West has matured as a new logistics channel? Does it mean that Beibu Gulf Port Co.Ltd(000582) has become a new pole in the coastal port group?
Beibu Gulf Port Co.Ltd(000582) suddenly emerged
For Guangxi, Beibu Gulf Port Co.Ltd(000582) is among the top ten in China, which is of symbolic significance, indicating that the coastal province has finally got a place in the coastal port group.
Although Guangxi is coastal, in many people’s impression, it does not connect Guangxi with coastal areas, and even “Guangxi goods do not go to Guangxi port”, which is also the embarrassment faced by Guangxi’s development.
Guangxi Beibu Gulf Port Co.Ltd(000582) comes from the integration of Beihai port, Qinzhou port and Fangcheng port, setting a precedent for the cross administrative regional integration of ports in China. In 2007, Guangxi Beibu Gulf International Port Group was established through the integration of the three ports, and Beibu Gulf Port Co.Ltd(000582) was used uniformly in 2011. However, after many years of integration, it still did not get rid of the situation of local small ports, and only exceeded 1 million TEUs in 2013.
However, in recent years, the Beibu Gulf has achieved the country’s leading high growth. In the past three years, under the epidemic, the Beibu Gulf has increased significantly against the trend. From 2019 to 2021, the cargo throughput of Beibu Gulf Port Co.Ltd(000582) port was 255.68 million tons, 295.67 million tons and 358.22 million tons respectively, and the container throughput was 3.82 million tons, 5.05 million tons and 6.01 million TEUs respectively.
Recently, according to the 2021 global port development report released by Shanghai International Shipping Research Center, Beibu Gulf Port Co.Ltd(000582) container throughput has increased significantly, ranking 28th in the world and sixth in the world. The ranking has improved steadily, becoming the leader in the growth rate of ports in China.
What forces have driven Beibu Gulf Port Co.Ltd(000582) to maintain the national leading growth momentum for many consecutive years?
Senior logistics planning experts told China first finance and economics that the high growth of Beibu Gulf Port Co.Ltd(000582) throughput is mainly due to the new land and sea channel strategy in the west, which is being exerted from central ministries and commissions to local provinces and cities; Another reason is the growth of trade between China and ASEAN. Under the epidemic, the trade between China and ASEAN is growing faster than that with Europe and the United States.
The growth of the Beibu Gulf first benefited from the policy dividend of the national strategy.
In August 2019, the national development and Reform Commission issued the master plan for the new land and sea channel in the West (hereinafter referred to as the master plan); In September 2021, the national development and Reform Commission issued the implementation plan for promoting the high-quality construction of the new land and sea channel in the West during the 14th five year plan (hereinafter referred to as the implementation plan).
In January this year, the Ministry of transport, the State Railway Administration, the Civil Aviation Administration of China and the State Post Office jointly issued the “14th five year plan” for the construction of the comprehensive transportation system of the new western land and sea corridor (hereinafter referred to as the “construction plan”), which systematically planned and deployed the construction of the comprehensive transportation system of the new western land and sea corridor during the 14th Five Year Plan period.
The master plan proposes to enhance the position of Beibu Gulf Port Co.Ltd(000582) in the layout of coastal ports across the country and build an international gateway for a new land and sea channel in the West. The outline of national comprehensive three-dimensional transportation network planning issued in 2021 clearly lists Beibu Gulf Port Co.Ltd(000582) as an international hub port alongside 10 ports such as Shanghai port, Shenzhen port and Guangzhou Port Company Limited(601228) .
This means that Beibu Gulf Port Co.Ltd(000582) planning positioning has risen from a local port to an international hub port.
In this context, Beibu Gulf Port Co.Ltd(000582) has made great progress. In 2021, a total of 6117 sea rail intermodal trains were operated in the new land sea channel in the west, with a year-on-year increase of 33%. The western land sea new channel trains connect 91 stations in 47 cities in 13 provinces, realize seamless connection with China Europe trains, and effectively promote the “double cycle”.
is the new land and sea channel in the West mature?
According to the official website, Beibu Gulf Port Co.Ltd(000582) currently owns and manages 77 coastal productive berths with an annual handling capacity of 333 million tons, including 7.7 million TEUs of containers. By the end of 2021, Beibu Gulf Port Co.Ltd(000582) container routes had a total of 64, including 37 foreign trade and 27 domestic trade, basically covering ASEAN countries and major coastal ports across the country.
The master plan proposes that by 2025, Beibu Gulf Port Co.Ltd(000582) container throughput will reach 10 million TEUs and 500000 TEUs of sea rail intermodal containers. At the aforementioned meeting, Li Yanqiang, chairman of Guangxi Beibu Gulf Port Co.Ltd(000582) group, also introduced that during the 14th Five Year Plan period, Beibu Gulf Port Co.Ltd(000582) cargo throughput exceeded 500 million tons; There are 12000 sea rail intermodal trains in the new land sea channel in the West.
In order to give full play to the strategic effect of the new western land and sea channel and attract more Western goods Beibu Gulf Port Co.Ltd(000582) , Guangxi Beibu Gulf Port Co.Ltd(000582) Group actively establishes closer ties with western provinces through various ways.
On January 20 this year, Sichuan Luhai new channel development Co., Ltd. was established in Chengdu. The company is jointly established by Sichuan port and Shipping Investment Group Co., Ltd., China Railway Chengdu Bureau Group Co., Ltd. and Guangxi Beibu Gulf International Port Group Co., Ltd., with shareholding ratios of 65%, 20% and 15% respectively.
Previously, Guangxi Beibu Gulf International Port Group also established a land sea new channel operation company in Chongqing in a joint venture with Chongqing and other provinces. Guangxi Beibu Gulf International Port Group holds about 35.97%; Chongqing International Logistics Group holds about 34.22%, Minsheng Shipping Co., Ltd. and Sinotrans Limited(601598) Chongqing company hold about 8.77% respectively; Ningxia, Xinjiang, Guizhou and Gansu platform companies each hold about 3.07%.
The establishment of these two operation platforms has established a relatively stable supply hinterland for the Beibu Gulf. At the same time, it will also increase the frequency of rail sea intermodal trains from Sichuan and Chongqing to Beibu Gulf Port Co.Ltd(000582) , promote and improve the layout of node facilities along the new land and sea channel in the west, and improve the ability of cross regional cooperative operation in terms of industry.
After the release of the master plan, implementation plan and construction plan, the infrastructure construction of the new land and sea channel in the west is also accelerating. On February 23, the bidding announcement for geological survey and supervision of the Guizhou section of the new Huangtong Baise railway was released. The preliminary work of the project feasibility study and preliminary design is accelerating, and the detailed construction scheme of the line is released, which is expected to start construction within the year.
More importantly, RCEP will come into force on New Year’s day this year, which will enable the southwest region to form closer economic and trade ties with ASEAN countries, which plays a very important role in the development of Beibu Gulf Port Co.Ltd(000582) and the new land and sea channel in the West. In particular, RCEP’s rules of origin will accelerate the formation of industrial chains in the region, which will greatly increase the transportation demand of raw materials and intermediate products.
However, at present, the new land and sea channel in the west is still in the cultivation period. According to official data, by the end of 2021, 14282 trains had been operated in the west land sea new channel, and the cumulative shipment volume exceeded 700000 TEUs. In other words, the transportation scale of sea rail intermodal transportation of the new land sea channel in the west is not high.
Li muyuan, executive vice president and Secretary General of China Container Industry Association, said in an interview with China first finance that the construction of an emerging trade channel usually goes through a start-up period, a growth period and a vigorous period. Now, to solve the problems in the transformation from the start-up period to the growth period, we should not only continue to do a good job in the first stage, but also reshape the industrial chain and supply chain.
The above experts also said that at present, the new western land and sea channel is still in the stage of providing transportation service products, and the formation of the channel also needs to drive trade, industry and other aspects. At present, it is still the first stage of development.
The master plan proposes that by 2025, the new land sea channel in the West will be basically completed. The Beibu Gulf deep-water port with international influence has been basically completed, and the status of Guangxi Beibu Gulf international gateway port and Hainan Yangpu regional international container hub port has been preliminarily established. By 2035, the new land sea channel in the West will be fully completed.