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September 9, 2016

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Shanghai aims for global shipping hub

SHANGHAI aims to cement itself as an international shipping hub by increasing its container traffic, already the world’s No. 1 for six years, and developing a host of shipping services.

The city’s shipping ambitions are contained in its 13th Five-year Plan (2016-2020) which covers developing ports, a connectivity system to transfer cargos from ships to railways and trucks, shipping services and shipping finance as well as the cruise industry.

Under the plan released yesterday, the city aims to consolidate its status as a global port by yearly processing 42 million TEUs (twenty-foot equivalent unit) during the five year period, up from 36.5 million TEUs last year.

Shanghai has been No. 1 in container throughput in the world for six straight years.

Last year the city’s ports handled total cargo throughput of 717 million tons.

Shanghai is also building a fully-automated container terminal capable of handling 4 million TEUs in the Yangshan Deep-water Port. The terminal is set to start operations next year.

The plan also covers the city’s two airports. Shanghai plans to handle 120 million passengers annually and over 4 million tons of air freight. In 2015, the two airports handled 99.19 million passengers.


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