Shanghai set to handle over 30m TEUs
By Ding Yining |
December 1, 2011, Thursday
|
Print Edition
Print Edition
SHANGHAI is expected to become the first port in the world to handle more than 30 million TEUs of containers annually this year.
The city is boosting capacity as it bids to become a global shipping center by 2020.
Shanghai's container throughput may reach 31.5 million TEUs (twenty-foot equivalent units) for 2011, further cementing its position as the world's largest container port after it overtook Singapore in 2010.
"Shanghai is estimated to achieve the target set in the beginning of this year, with year-on-year growth rate of about 8.4 percent," Yan Jun, vice president of Shanghai International Port Group, said on the sidelines of a forum during the Marintec China 2011 show in Shanghai yesterday.
He said overcapacity and steep price cuts by shipping companies haven't affected the port's income and operation.
Yangshan Deep-water Port's container throughput will be around 13 million TEUs this year.
In the first 10 months of this year, Shanghai handled 23.9 million TEUs, compared with Singapore's 23.56 million.
Last year, Shanghai's container throughput was 29.05 million TEUs, with 10.1 million TEUs contributed by the Yangshan port.
As long as inland trade volume continues to grow, Shanghai will be able to maintain stable growth over the next few years, and the city now has no plan to cut prices next year, Yan said.
He added Shanghai's port infrastructure construction is in line with cargo demand, and the port will maintain a stable and healthy development.
Shanghai will continue to enhance efficiency and better coordinate port and logistics facilities along the Yangtze River to turn the city into a modern transfer hub during the 12th Five-Year Plan period through 2015, Yan said.
The city is boosting capacity as it bids to become a global shipping center by 2020.
Shanghai's container throughput may reach 31.5 million TEUs (twenty-foot equivalent units) for 2011, further cementing its position as the world's largest container port after it overtook Singapore in 2010.
"Shanghai is estimated to achieve the target set in the beginning of this year, with year-on-year growth rate of about 8.4 percent," Yan Jun, vice president of Shanghai International Port Group, said on the sidelines of a forum during the Marintec China 2011 show in Shanghai yesterday.
He said overcapacity and steep price cuts by shipping companies haven't affected the port's income and operation.
Yangshan Deep-water Port's container throughput will be around 13 million TEUs this year.
In the first 10 months of this year, Shanghai handled 23.9 million TEUs, compared with Singapore's 23.56 million.
Last year, Shanghai's container throughput was 29.05 million TEUs, with 10.1 million TEUs contributed by the Yangshan port.
As long as inland trade volume continues to grow, Shanghai will be able to maintain stable growth over the next few years, and the city now has no plan to cut prices next year, Yan said.
He added Shanghai's port infrastructure construction is in line with cargo demand, and the port will maintain a stable and healthy development.
Shanghai will continue to enhance efficiency and better coordinate port and logistics facilities along the Yangtze River to turn the city into a modern transfer hub during the 12th Five-Year Plan period through 2015, Yan said.
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