Shanghai OFFICE GRADE-A MARKET REPORT Q2 2020

Total Page:16

File Type:pdf, Size:1020Kb

Shanghai OFFICE GRADE-A MARKET REPORT Q2 2020 Office leasing demand from financial institutions has increased significantly Shanghai Grade-A Office Market Report knightfrank.com.cn Q2 2020 SHANGHAI OFFICE GRADE-A MARKET REPORT Q2 2020 OVERVIEW AND OUTLOOK In the second quarter(Q2), three new financial enterprises and institutions in more than 2 million sqm of new office space projects totaling 82,286 sqm were Pudong have imporved significantly, which adding to the market. It can be expected completed in Shanghai's Grade A office was largely due to Pudong's favorable that the average vacancy rate will continue market. Major leasing demand came from financial business environment. to rise but the downward adjustment of financical, biomedicine and professional market rent will slow down. services sectors. The leasing activities of In the second half of 2020, there will be FIGURE 1: Shanghai Grade-A office market indicators[1] [2] 2020 q2 2020 Q2 2020 q2 New supply Rent Vacancy rate 82,286 8.65 19.1% sqm RMB/sqm/day QoQ change: - QoQ change: 3.8% QoQ change: 0.1pps Q3 2020: Q3 2020: Q3 2020: Source: Knight Frank Research [1] Rent refers to average effective rent [2] The office sample database in Q2 has been adjusted and cannot be directly compared with the previous quarterly report figures FIGURE 2: Shanghai office development pipeline, 2019-2023 sqm South Jing’an (Nanjing West Road) 2,500,000 Pudong (Lujiazui, Zhuyuan, Huamu, Century Avenue, Qiantan, Post-expo) Xuhui (Xujiahui, Xuhui Binjiang, Huaihai Middle Road) 2,000,000 Huangpu (People’s Square, Huaihai Middle Road, The Bund) Changning (Zhongshan Park, New Hongqiao, Linkong) Putuo (Changfeng) 1,500,000 Hongkou (North Bund, Sichuan North Road) North Jing’an (Daning, Railway Station) Minhang (Hongqiao CBD,Xinzhuang) 1,000,000 Yangpu (Wujiaochang, Dalian Road, Yangpu Binjiang) 500,000 0 2019 2020 2021 2022 2023 Source: Knight Frank Research 2 SHANGHAI OFFICE GRADE-A MARKET REPORT Q2 2020 SUPPLY AND DEMAND Of the three newly completed projects in Q2, two are located in Puxi and one is located in FIGURE 3: Grade-A office supply, net absorption and vacancy rate Pudong. Jing'an Baohua Centre in Nanjing West Road area added approximately 31,000 sqm '000 sqm Supply (left) Net absorption (left) Vacancy Rate (right) of office space to the market. The Edge located 3000 20% near to Joy City in Jing'an District was also 18% completed this quarter. The project was jointly 2500 16% developed by K. Wah Group and Suhewan 2000 14% Holdings, with an office space of approximately 12% 14,450 sqm. Pudong Huamu submarket 1500 recorded the new completion of Kaisa Financial 10% Centre, bringing 37,000 sqm of office space to 1000 8% the market. 500 6% In Q2, the average vacancy rate in Shanghai's 4% Grade A office market decreased by 0.1 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Q1 2020Q2 2% percentage point from the previous quarter -500 0% to 19.1%. The market net absorption returned Source: Knight Frank Research to a positive value of 87,300 sqm. The leasing demand in the Grade A office market still of the newly signed leases. Domestic securities Biopharmaceutical companies were also active mainly came from the traditional financial, companies Yongxing Securities and GF in Q2, particularly Japanese pharmaceutical professional services and biopharmaceutical Securities leased 6,000 and 5,000 sqm of office companies prefered moving to emerging sectors, which accounted for more than 60% space respectively in Taikang Insurance Tower. business districts. RENTS In Q2, the average rent for Grade A office market continued to drop by 3.8% from the FIGURE 4: Grade-A office rental trend previous quarter to RMB8.65 per sqm per RMB/sqm/day day. Some office buildings with relatively high vacant space in the core CBDs and 12 emerging business districts attracted tenants by drastically reducing rents. As a 10 result, the average rents in these business districts fell by 1.2% and 4.1% respectively 8 from the previous quarter to RMB 11 per sqm per day and RMB 7.1 per sqm per 6 day. Many landlords gave tenants more subsidies for fitting out and longer rent- 4 free fitting out periods, attracting many tenants with pent-up demand but limited 2 budgets. Through these preferential leasing 0 measures, not only did the landlord ensure Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1 Q2 Q3Q4 Q1Q2 the effective absorption of vacant space, but 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 also avoided sharp drops in the rents. Source: Knight Frank Research TABLE 1: Major Grade-A office leasing transactions, Q2 2020 Area District Building Tenant Type (sqm) Little Lujiazui Ruiming Tower AXA Insurance 3,600 New Lease The Century Taikang Insurance Tower Yongxing Seurities Avenue 6,000 New Lease Little Lujiazui Foxconn Building Hiways Law Firm 5,200 New Lease Little Lujiazui Taikang Insurance Tower GF Seurities 5,000 New Lease CSCEC Shanghai Archi- Huamu Kaisa Financial Centre 3,400 New Lease tectural Design Institute Shanghai Hopson Wujiaochang Distrii 6,000 New Lease International Plaza Source: Knight Frank Research Note: all transactions are subject to confirmation 3 SHANGHAI OFFICE GRADE-A MARKET REPORT Q2 2020 INVESTMENT MARKET In Q2 2020, the investment market was underground parking spaces that jointly this acquisition, the No. 3 office building in active, with a total of ten office transactions developed by Greenland Group, Anxin Crystal Plaza was sold to Shaanxi Energy for recorded or a total sales over RMB20 billion. Trust and Shanghai Bund Investment RMB1.517 billion. The transactions in Q2 showed that there Group for approximately RMB4.854 billion. was increasing demand from traditional The total gross floor area (GFA) is 52,896 In June, Shanghai Great Wall Financial financial institutions, such as domestic sqm, and the final transaction price exceeds Centre located in Dapuqiao, Huangpu banks, securities and insurance companies, RMB90,000 per sqm. District sold for nearly RMB3.1 billion to to acquire office assets either for self- Hong Kong Shanghai Alliance Holdings occupation or investment purposes. In June, E-commerce brand TST Limited and Apollo Global RE. Shanghai purchased the No.2 office building of Great Wall Financial Centre is a hotel and In May, Bank of Shanghai announced Crystal Plaza in core area of Qiantan for office complex with a total GFA of 99,600 its acquisition of Greenland Bund RMB1.76 billion or a transacted price of sqm. Amongst, the 51,100-sqm hotel Centre Tower 2 office building and the approximately RMB67,000 per sqm. Before portion is operated by French AccorHotels. SHANGHAI GRADE-A OFFICE market dasHboard (2020 Q2) Shanghai Grade-A office inventory, rents and vacancy rates of major business districts Hongqiao CBD* Zhongshan Park Nanjing West Road Railway Station People’s Square The Bund North Bund* Inventory: 1,348 Inventory: 409 Inventory: 1,339 Inventory: 500 Inventory: 887 Inventory: 485 Inventory: 631 Rent: 5.5 Rent: 7.2 Rent: 10.8 Rent: 6.7 Rent: 8.5 Rent: 8.9 Rent: 8.0 VR: 41.7% VR: 6.8% VR: 7.2% VR: 27.8% VR: 7.9% VR: 14.5% VR: 40.2% Core CBD CBD Secondary business district Emerging business district Total Inventory 20.48 million sqm New Honqiao Xujiahui Xuhui Binjiang Qiantan Huaihai Middle Road Little Lujiazui Century Avenue Inventory: 1,211 Inventory: 494 Inventory: 223 Inventory: 600 Inventory: 953 Inventory: 2,787 Inventory: 943 Rent: 7.7 Rent: 7.7 Rent: 6.5 Rent: 6.3 Rent: 9.9 Rent: 11.7 Rent: 8.4 VR: 23.5% VR: 5.4% VR: 9.8% VR: 28.8% VR: 6.2% VR: 8.2% VR: 17.9% Source: Knight Frank Research Note: unit for market inventory – 1,000 sqm; rents using average effective rent at RMB/sqm/day; VR refers to average vacancy rate. * The office sample database in Q2 has been adjusted and cannot be directly compared with the previous quarterly report figures 4 We like questions, if you’ve got one about our research, or would like some property advice, we would love to hear from you. Research & Consultancy Shanghai Office Services Timothy Chen Regina Yang Jonathan Rideout Senior Director, Director, Head of Research & Consultancy, Head of Office Services, Head of Research & Consultancy, China Shanghai & Beijing Shanghai +86 21 6032 1769 +86 21 6032 1728 +86 21 6032 1713 [email protected] [email protected] [email protected] Martin Wong Mars Yin Associate Director, Senior Manager Research & Consultancy, Greater China Research & Consultancy, Shanghai +852 2846 7184 +86 21 6032 1730 [email protected] [email protected] RECENT MARKET - LEADING RESEARCH PUBLICATIONS China Commercial Beijing Office Guangzhou Office Shanghai Office Shanghai Industrial Shenzhen Office Real Estate Market Report Market Report Market Report Market Report Market Report Investment Q2 2020 Q2 2020 Q1 2020 Q1 2020 Q1 2020 Market Knight Frank Research provides strategic advice, consultancy services and forecasting to a wide range Knight Frank Research of clients worldwide including developers, investors, funding organisations, corporate institutions Reports are available at and the public sector. All our clients recognise the need for expert independent advice customised to their specific needs. Important Notice: ©Knight Frank 2020: This document and the material contained in knightfrank.com.cn it is general information only and is subject to change without notice. All images are for illustration only. No representations or warranties of any nature whatsoever are given, intended or implied. Knight Frank will not be liable for negligence, or for any direct or indirect consequential losses or damages arising from the use of this information.
Recommended publications
  • Understanding by Design
    UNDERSTANDING BY DESIGN DATE: January 20 - 21, 2018 COST: $100 USD per person TIME: 8:30 a.m. - 4:00 p.m. REGISTRATION DUE: Friday, December 15, 2017 LOCATION: Shanghai American School, Puxi Campus, 258 Jinfeng Road Huacao Town, Minhang District, Shanghai, China 201107 DESCRIPTION How can you design learning experiences that make it much more likely that students will understand content and be able to apply it in meaningful ways? Since 1998, thousands of educators globally, have used the Under- standing by Design (UbD) Framework® to answer that question and create more rigorous and engaging curricula. Workshop participants will apply a set of practical and proven UbD 2.0 tools and templates to create or refine a unit of study. More specifically you will learn to: • Apply the 3-stage “backward design” model for the development of curriculum, assessment, and instruction. • Use essentials questions to frame curriculum and focus on “big ideas”. • Apply processes for “unpacking” standards to establish curriculum priorities and determine content worthy of deep understanding. • Explore six “facets” of understanding and their implications for curriculum, assessment, and teaching. • Apply selected design tools to create authentic performance tasks based on the six “facets”. • Access a large collection of UbD-supportive web based resources. FACILITATORS Jay McTighe Janet Claassen Andrew Miller Fay Leong Jay McTighe is an accomplished author, having co-authored 14 books, including the award-winning and best- selling Understanding by Design series with Grant Wiggins. His books have been translated into 14 languages. Jay has also written more than 36 articles and book chapters, and been published in leading journals, includ- ing Educational Leadership (ASCD) and Education Week.
    [Show full text]
  • 3 Days in Shanghai
    3 Days in Shanghai Contact us | turipo.com | [email protected] 3 Days in Shanghai Shanghai full travel plan. Our 3 days vacaon tour plan in Shanghai, 3 days inerary in Shanghai, the best things to do in Shanghai and around in 3 days: Pudong, Yu garden, The bund and more attractions in Shanghai.., China travel guide. Contact us | turipo.com | [email protected] Warning: count(): Parameter must be an array or an object that implements Countable in /var/www/dev/views/templates/pdf_day_images.php on line 4 Day 1 - Shanghai Contact us | turipo.com | [email protected] Day 1 - Shanghai Dinner 1. Oriental Pearl TV Tower Wu Jiang Lu, Jingan Qu, Shanghai Shi, China, 200085 Duration ~ 1 Hour Lunch 1 Century Ave, LuJiaZui, Pudong Xinqu, Shanghai Shi, China, 200000 Telephone: +86 21 5879 1888 4. Nanjing Road Pedestrian Street Website: www.orientalpearltower.com Duration ~ 2 Hours Rating: 4.5 Nan Jing Lu Bu Xing Jie, Nan Jing Lu, Huangpu Qu, Shanghai WIKIPEDIA Shi, China The Oriental Pearl Radio & TV Tower is a TV tower in Shanghai. Its locaon at the p of Lujiazui in the Pudong New Area by the side of Huangpu River, opposite The Bund, makes 5. People's Square it a disnct landmark in the area. Its principal designers were Duration ~ 1 Hour Jiang Huan Chen, Lin Benlin, and Zhang Xiulin. more.. People's Square, Huangpu, Shanghai, China 2. Kao Shanghai Congyoubing WIKIPEDIA Duration ~ 1 Hour People's Square is a large public square in the Huangpu District of Shanghai. It is south of Nanjing Road and north of Huaihai Century Ave, Pudong Xinqu, Shanghai Shi, China, 200000 Road.
    [Show full text]
  • Regeneration and Sustainable Development in the Transformation of Shanghai
    Ecosystems and Sustainable Development V 235 Regeneration and sustainable development in the transformation of Shanghai Y. Chen Department of Real estate and Housing, Faculty of Architecture, Delft University of Technology Abstract Globalisation has had an increasing impact on the transformation of Chinese cities ever since China adopted the open door policy in 1978. Many cities in China have been struggling with the challenges of urban regeneration created by the restructuring of the traditional economy and increasing competition between cities for resources, investment and business. The closure of docks, warehouses and industries, and the deteriorating position of traditional urban centres not only created problems but also created exceptional opportunities to reshape cities and create new functions. But this kind of process also generates a series of physical, economic and social consequences for cities to tackle. In many cases the problems exceed the capacity of the local community to adapt and respond. This paper examines a number of urban regeneration projects in Shanghai, in the hope of providing a better understanding of the process of urban regeneration in China and how best to ensure that such regeneration is sustainable. The paper reassesses the aims of regeneration, the mechanisms involved in the regeneration process and its physical, economic and social consequences, discusses how to achieve sustainable development in urban regeneration and makes recommendations for future action. 1 Introduction Global market forces and increasing globalisation are clearly playing a role in the transformation of cities and towns. In most countries urban systems are experiencing dramatic changes brought about by economic restructuring, continuous mass migration and the arrival of immigrants.
    [Show full text]
  • 2020 Shanghai Foreign Investment Guide Shanghai Foreign Shanghai Foreign Investment Guide Investment Guide
    2020 SHANGHAI FOREIGN INVESTMENT GUIDE SHANGHAI FOREIGN SHANGHAI FOREIGN INVESTMENT GUIDE INVESTMENT GUIDE Contents Investment Chapter II Promotion 61 Highlighted Investment Areas 10 Institutions Preface 01 Overview of Investment Areas A Glimpse at Shanghai's Advantageous Industries Appendix 66 Chapter I A City Abundant in 03 Chapter III Investment Opportunities Districts and Functional 40 Enhancing Urban Capacities Zones for Investment and Core Functions Districts and Investment Influx of Foreign Investments into Highlights the Pioneer of China’s Opening-up Key Functional Zones Further Opening-up Measures in Support of Local Development SHANGHAI FOREIGN SHANGHAI FOREIGN 01 INVESTMENT GUIDE INVESTMENT GUIDE 02 Preface Situated on the east coast of China highest international standards Secondly, the openness of Shanghai Shanghai is becoming one of the most At the beginning of 2020, Shang- SHFTZ with a new area included; near the mouth of the Yangtze River, and best practices. As China’s most translates into a most desired invest- desired investment destinations for hai released the 3.0 version of its operating the SSE STAR Market with Shanghai is internationally known as important gateway to the world, ment destination in the world char- foreign investors. business environment reform plan its pilot registration-based IPO sys- a pioneer of China’s opening to the Shanghai has persistently functioned acterized by increasing vitality and Thirdly, the openness of Shanghai is – the Implementation Plan on Deep- tem; and promoting the integrated world for its inclusiveness, pursuit as a leader in the national opening- optimized business environment. shown in its pursuit of world-lead- ening the All-round Development of a development of the YRD region as of excellence, cultural diversity, and up initiative.
    [Show full text]
  • The Oriental Pearl Radio & TV Tower 东方明珠 Getting in Redeem Your
    The Oriental Pearl Radio & TV Tower 东方明珠 Getting In Redeem your pass for an admission ticket at the first ticket office, near No. 1 Gate. Hours Daily, 8:00 am-9:30 pm. Address No. 1 Lujiazui Century Ave Pudong New Area, Shanghai Public Transportation Take Metro Line 2 and get off at Lujiazui Station, get out from Exit 1 and walk to The Oriental Pearl Radio & TV Tower. Yu Garden (Yuyuan) 豫园 Getting In Please redeem your pass for an admission ticket at the Yuyuan Garden ticket office located on the north side of the Huxin Pavilion Jiuqu Bridge prior to entry. Hours Daily, 8:45 am-4:45 pm. Address No. 218 Anren St Huangpu District, Shanghai Public Transportation Take Metro Line 10 and get off at Yuyuan Station, then walk to Yu Garden. Shanghai World Financial Center Observatory 上海环球金融中心 Getting In Please redeem your pass for an admission ticket at the Global Finance Center F1 ticket window located at Lujiazui Century Ave. Hours Daily, 9:00 am-10:30 pm. Address B1 Ticketing Window, World Financial Center 100 Century Avenue Lujiazui, Pudong New Area, Shanghai Public Transportation Take Metro Line 2 and get off at Lujiazui Station, then walk to Shanghai World Financial Center. Shanghai Hop-On Hop-Off Sightseeing Bus Tour 观光巴士 Getting In You must first redeem your pass for a bus ticket at one of the following locations prior to boarding: Nanjing Road Station (New World City Stop): Opposite to New World City, No. 2-88 Nanjing West Road, Huangpu District, Shanghai Bund A Station (Sanyang Food Stop): Beside Sanyang Food, 367 East Zhongshan Road, Huangpu District, Shanghai (near Beijing East Road) Shiliupu Station (Pujiang Tour Terminal Stop): 531 Zhongshan East Second Road, Huangpu District, Shanghai Yuyuan Station (Yongan Road, Renmin Road): Xinkaihe Road, Renmin Road, next to the bus stop in front of the Bund soho.
    [Show full text]
  • The World Bank Urban Transport Policy Prevailing at the Time of Preparation Was Published in 1986
    Document of The WorldBank Public Disclosure Authorized FOR OFFICIALUSE ONLY Report No: 22334 IMPLEMENTATIONCOMPLETION REPORT (IDA-22960) Public Disclosure Authorized ON A CREDIT IN THE AMOUNTOF SDR 44.4 MILLION(US$60.0 MILLION EQUIVALENT) TO TBE PEOPLE'SREPUBLIC OF CHINA FOR A SHANGHAIMETROPOLITAN TRANSPORT PROJECT Public Disclosure Authorized JUNE 29, 2001 This documenthas a restricteddistribution and may be used by recipientsonly in the performanceof their 7 officialduties. Its contentsmay not otherwisebe disclosedwithout World Bank authorization. Public Disclosure Authorized CURRENCYEQUIVALENTS (ExchangeRate EffectiveDecember 31, 2000) Currency Unit = Yuan (Y) Y 1.00 = US$ 0.120817 US$ 1 = Y 8.2770 FISCALYEAR January 1 - December 31 ABBREVIATIONSAND ACRONYMS ATC - Area Traffic Control BAA - Barton AschimanAssociates CBD - Central Business District CCTV - Close Circuit Television ETC - Electronic Toll Collection IRR - Inner Ring Road MV - Motor Vehicle NBF - Non Bank Funded NMV - Non-Motor Vehicle NSC - North-South Corridor NUTI - NorthwesternUniversity Traffic Institute PDR - Preliminary Design Report PGS - Parking Guidance System PT - Public Transport TA - Technical Assistance TMP - Traffic Management Program TMS - TrafficManagement and Safety SMCC - ShanghaiMunicipal Construction Commission SMEAD - ShanghaiMunicipal Engineering Administration Department SMEC - SnowyMountain Engineering Corporation SMECC - ShanghaiMunicipal Engineering Construction Company SMG - ShanghaiMunicipal Government SMTAB - ShanghaiMunicipal Transport Administration
    [Show full text]
  • Office Savills Research
    Shanghai – July 2019 MARKET IN MINUTES Office Savills Research Savills team Please contact us for further information RESEARCH James Macdonald Senior Director China +8621 6391 6688 james.macdonald@ savills.com.cn COMMERCIAL Cary Zheng Senior Director Central China +8621 6391 6688 cary.zheng@ Office rents continue to fall savills.com.cn Core office rents fell by 0.2% in Q2/2019 despite a dip in vacancy rates. Peter Sheng Director Shanghai +8621 6391 6688 • SOHO Gubei launched onto the core office market in • Vacancy rates in decentralised areas fell by 3.6 ppts quarter- peter.sheng@ savills.com.cn Q2/2019, adding 70,300 sq m of new office space and pushing on-quarter (QoQ) to 30.3% in Q2/2019, while rents remained core Grade A office stock up to 9.0 million sq m by the end of flat at RMB5.82 per sq m per day. Leon Fu Q2/2019. Senior Director • Economic uncertainties and more availability lead to longer Shanghai • Net take-up increased by 24% in Q2/2019, totalling 108,700 decision-making periods by tenants. Landlords increased +8621 6391 6688 sq m, though it remained down 72% year-on-year (YoY). The concessions due to fierce competition from abundant new [email protected] prime Puxi recorded positive absorption for the first time in supply. a year, absorbing 18,800 sq m of vacant stock. Savills plc Savills is a leading global real estate service provider listed on • Thanks to stronger take-up, vacancy rates fell by 0.5 of a the London Stock Exchange.
    [Show full text]
  • The Oriental Pearl Radio & TV Tower 东方明珠
    The Oriental Pearl Radio & TV Tower 东方明珠 Hours: Daily, 9:00 am-9:30 pm. Address: No. 1 Century Ave Pudong New Area (Lujiazui), Shanghai Public Transportation Take Metro Line 2 and get off at Lujiazui Station, get out from Exit 1 and walk to The Oriental Pearl Radio & TV Tower. Getting In Redeem your pass for an admission ticket at the first ticket office, near No. 1 Gate: Shanghai World Financial Center Observatory 上海环球金融中心 Hours: Daily, 9:00 am-10:00 pm. Address: B1 Ticketing Window, World Financial Center 100 Century Avenue Lujiazui, Pudong New Area, Shanghai Public Transportation Take Metro Line 2 and get off at Lujiazui Station, then walk to Shanghai World Financial Center. Getting In Please redeem your pass for an admission ticket at B1 Ticketing Window, World Financial Center at Lujiazui Century Ave: Pujiang River Cruise Tour 黄浦江“清游江”游览船 Hours:Daily, 10:00 am-8:30 pm. Address:Shiliupu Cruise Terminal,No. 481 Zongshan Rd,Huangpu District, Shanghai Public Transportation Bus: Take the bus #33, 55, 65, 305, 868, 910, 926 or 928 and get off at the Xinkaihe Road-Bus Stop of Zhongshan East Second Road, then walk to No. 481, Zhongshan East Second Road, Huangpu District. Getting In Redeem your pass for an admission ticket at the Shiliu Pu Pier, Huangpu River Tour ticket window at 481 Zhongshan 2nd Rd: Yu Garden (Yuyuan) 豫园 Hours: Daily, 8:45 am-4:45 pm. Address: No. 218 Anren St Huangpu District, Shanghai Public Transportation Take Metro Line 10 and get off at Yuyuan Station, then walk to Yu Garden.
    [Show full text]
  • Navigation Safety Analysis and Assessment of Entry and Departure of Shanghai Port for International Cruises
    World Maritime University The Maritime Commons: Digital Repository of the World Maritime University Maritime Safety & Environment Management Dissertations Maritime Safety & Environment Management 8-24-2014 Navigation safety analysis and assessment of entry and departure of Shanghai Port for international cruises Shixun Xu Follow this and additional works at: https://commons.wmu.se/msem_dissertations Part of the Environmental Studies Commons, and the Risk Analysis Commons Recommended Citation Xu, Shixun, "Navigation safety analysis and assessment of entry and departure of Shanghai Port for international cruises" (2014). Maritime Safety & Environment Management Dissertations. 158. https://commons.wmu.se/msem_dissertations/158 This Dissertation is brought to you courtesy of Maritime Commons. Open Access items may be downloaded for non-commercial, fair use academic purposes. No items may be hosted on another server or web site without express written permission from the World Maritime University. For more information, please contact [email protected]. WORLD MARITIME UNIVERSITY Dalian, China Navigation Safety Analysis and Assessment of Entry and Departure of Shanghai Port For International Cruises By XU SHIXUN China A research paper submitted to the World Maritime University in partial Fulfilment of the requirements for the award of the degree of MATSER OF SCIENCE (MARITIME SAFETY AND ENVIRONMENTAL MANAGEMENT) 2014 © Copyright Xu Shixun, 2014 I THE DECLARATION I certify that all the material in this research paper that is not my own work has been identified, and that no material is included for which a degree has previously been conferred on me. The contents of this research paper reflect my own personal views, and are not necessarily endorsed by the University.
    [Show full text]
  • World Bank Document
    RP707 Puxi Section Project of Southern Transportation Trunk V3 Perfecting Project of Bailonggang Area, Shanghai ——Funded by World Bank Public Disclosure Authorized Southern Transportation Trunk Perfecting Project for Sewage Treatment in Bailonggang Area, Shanghai Puxi Section Project Resettlement Action Plan Public Disclosure Authorized Public Disclosure Authorized Shanghai Urban Drainage Corporation August2008 Public Disclosure Authorized 1 Endorsement Letter for the Resettlement Plan Shanghai Municipal Government has applied for a loan from WB to finance Shanghai Southern Transportation Trunk Perfecting Project for Sewage Treatment Bailonggang Area. Therefore, the Project must be implemented in compliance with ADB safeguard requirements. This Resettlement Plan is prepared in accordance with the laws of the PRC, Shanghai Municipality, as well as WB’s Policy on Involuntary Resettlement and it constitutes the basis for land acquisition, house demolition and resettlement of the project. Shanghai Municipal Government hereby confirms the content of this Resettlement Plan and will guarantee the land acquisition, compensation and relocation budget being provided according to the provisions of this Resettlement Plan. This Resettlement Plan is based on the feasibility study report and the initial surveys. If the final implemented components are different from the contents described in the feasibility study report and that will cause the substantial impact on the Resettlement Plan, this Resettlement Plan should be future modified and approved by WB before its implementation. Shanghai Municipal People’s Government __________ (Signature) _____________ (Date) 2 Preface I. The objective of Resettlement Action Plan 1 This Resettlement Action Plan is formulated on the basis of the laws, regulations and policies of the People’s Republic of China, and Local Government as well as the Guidelines of the World Bank (Operational Directive for Involuntary Resettlement OP 4.12).
    [Show full text]
  • Shanghai, China Overview Introduction
    Shanghai, China Overview Introduction The name Shanghai still conjures images of romance, mystery and adventure, but for decades it was an austere backwater. After the success of Mao Zedong's communist revolution in 1949, the authorities clamped down hard on Shanghai, castigating China's second city for its prewar status as a playground of gangsters and colonial adventurers. And so it was. In its heyday, the 1920s and '30s, cosmopolitan Shanghai was a dynamic melting pot for people, ideas and money from all over the planet. Business boomed, fortunes were made, and everything seemed possible. It was a time of breakneck industrial progress, swaggering confidence and smoky jazz venues. Thanks to economic reforms implemented in the 1980s by Deng Xiaoping, Shanghai's commercial potential has reemerged and is flourishing again. Stand today on the historic Bund and look across the Huangpu River. The soaring 1,614-ft/492-m Shanghai World Financial Center tower looms over the ambitious skyline of the Pudong financial district. Alongside it are other key landmarks: the glittering, 88- story Jinmao Building; the rocket-shaped Oriental Pearl TV Tower; and the Shanghai Stock Exchange. The 128-story Shanghai Tower is the tallest building in China (and, after the Burj Khalifa in Dubai, the second-tallest in the world). Glass-and-steel skyscrapers reach for the clouds, Mercedes sedans cruise the neon-lit streets, luxury- brand boutiques stock all the stylish trappings available in New York, and the restaurant, bar and clubbing scene pulsates with an energy all its own. Perhaps more than any other city in Asia, Shanghai has the confidence and sheer determination to forge a glittering future as one of the world's most important commercial centers.
    [Show full text]
  • Land Use Dynamics of the Fast-Growing Shanghai Metropolis, China (1979–2008) and Its Implications for Land Use and Urban Planning Policy
    Sensors 2011, 11, 1794-1809; doi:10.3390/s110201794 OPEN ACCESS sensors ISSN 1424-8220 www.mdpi.com/journal/sensors Article Land Use Dynamics of the Fast-Growing Shanghai Metropolis, China (1979–2008) and its Implications for Land Use and Urban Planning Policy Hao Zhang, Li-Guo Zhou, Ming-Nan Chen and Wei-Chun Ma * Department of Environmental Science and Engineering, Fudan University, 220 Handan road, Shanghai 200433, China; E-Mails: [email protected] (H.Z.); [email protected] (L.G.Z.); [email protected] (M.N.C.) * Author to whom correspondence should be addressed; E-Mail: [email protected]; Tel.: +86-21-5632. Received: 17 December 2010; in revised form: 17 January 2011 / Accepted: 19 January 2011 / Published: 31 January 2011 Abstract: Through the integrated approach of remote sensing and geographic information system (GIS) techniques, four Landsat TM/ETM+ imagery acquired during 1979 and 2008 were used to quantitatively characterize the patterns of land use and land cover change (LULC) and urban sprawl in the fast-growing Shanghai Metropolis, China. Results showed that, the urban/built-up area grew on average by 4,242.06 ha yr−1. Bare land grew by 1,594.66 ha yr−1 on average. In contrast, cropland decreased by 3,286.26 ha yr−1 on average, followed by forest and shrub, water, and tidal land, which decreased by 1,331.33 ha yr−1, 903.43 ha yr−1, and 315.72 ha yr−1 on average, respectively. As a result, during 1979 and 2008 approximately 83.83% of the newly urban/built-up land was converted from cropland (67.35%), forest and shrub (9.12%), water (4.80%), and tidal land (2.19%).
    [Show full text]