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Shanghai cements position as world's top container port
By Ding Yining |
December 23, 2011, Friday
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Online Edition
Online Edition
SHANGHAI consolidated its title as the world's largest container port as the city today celebrates becoming the world's first port to handle more than 30 million twenty-foot equivalent units this year.
Shanghai's container throughput is expected to stand at 31.5 million TUEs this year, company executives said at today's ceremony.
Shanghai overtook Singapore to become the world's largest container port in 2010 as it benefited from growing export volumes from inland regions.
In the first 10 months of this year, Shanghai's port handled 23.9 million TEUs, just ahead of Singapore Port's 23.56 million TEUs.
The State Council, China's cabinet, in April 2009 mapped out detailed guidelines to build Shanghai into an international financial center and a global shipping hub by 2020.
Further favorable policies include a business tax exemption on international shipping revenues for shippers registered at the Yangshan Deep Water Port. Exemptions were also given to logistics companies and warehouse operators at the port.
The port operator will also introduce more logistics services as it seeks to bring in more value-added income beyond handling cargo and containers.
Shanghai's container throughput is expected to stand at 31.5 million TUEs this year, company executives said at today's ceremony.
Shanghai overtook Singapore to become the world's largest container port in 2010 as it benefited from growing export volumes from inland regions.
In the first 10 months of this year, Shanghai's port handled 23.9 million TEUs, just ahead of Singapore Port's 23.56 million TEUs.
The State Council, China's cabinet, in April 2009 mapped out detailed guidelines to build Shanghai into an international financial center and a global shipping hub by 2020.
Further favorable policies include a business tax exemption on international shipping revenues for shippers registered at the Yangshan Deep Water Port. Exemptions were also given to logistics companies and warehouse operators at the port.
The port operator will also introduce more logistics services as it seeks to bring in more value-added income beyond handling cargo and containers.
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