Shanghai sets container goods target
By Ding Yining |
March 24, 2012, Saturday
|
Print Edition
Print Edition
SHANGHAI has set a target of handling 33 million TEUs (twenty-foot equivalent units) of containers this year, up 4 percent from last year - a slower growth pace compared with the last few years due to shrinking trade volume.
However, the city will continue to boost the shipping service sector as it stays on track to become a global shipping center by 2020.
The local port authority yesterday pointed out in an overview of the city's port operations that Shanghai is likely to stay ahead of Singapore and remain the world's busiest port this year.
Chen Xuyuan, chairman of the Shanghai International Port (Group) Co, said earlier this month that the city's container turnover will grow 3-5 percent this year and the shipping industry will face the twin pressures of rising costs and excess supply.
Last year, Shanghai port handled 31.7 million TEUs of containers, a 9.2 percent increase from 2010.
However, the city will continue to boost the shipping service sector as it stays on track to become a global shipping center by 2020.
The local port authority yesterday pointed out in an overview of the city's port operations that Shanghai is likely to stay ahead of Singapore and remain the world's busiest port this year.
Chen Xuyuan, chairman of the Shanghai International Port (Group) Co, said earlier this month that the city's container turnover will grow 3-5 percent this year and the shipping industry will face the twin pressures of rising costs and excess supply.
Last year, Shanghai port handled 31.7 million TEUs of containers, a 9.2 percent increase from 2010.
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