Shippers eye 2-way traffic savings
Print Edition
The official opening of two-way traffic in the main channel of Yangshan Deep-water Port yesterday could help shipping lines cut costs and further boost the turnover of Shanghai, already the world’s busiest port for containers.
For example, Danish shipper Maersk, which has 14 vessels anchoring at Yangshan on average per week in 2013, may save US$2.9 million annually from the implementation of two-way traffic.
Two-way traffic is also seen to improve Shanghai’s competitiveness among global ports. It can also help push forward the development of the city’s new free trade zone, of which Yangshan is a key pillar, according to Xu Guoyi, director of the Shanghai Maritime Safety Administration.
Opened in 2005, Yangshan initially allowed one-way traffic in the 28-nautical-mile channel for ships coming in and out of the port because of geographic, technical and safety reasons. Authorities began studying two-way navigation as turnover exceeded capacity, with a pilot run starting in July last year.
Container volume through Yangshan reached 14.15 million TEUs (twenty-foot equivalent units) in 2012, a jump of 52 percent over the port’s designed capacity.
The shortage in capacity was a major bottleneck hindering the development of the port, according to Xu.
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