Shanghai set to handle over 30m TEUs in 2011
Shanghai expects its container throughput to reach 31.5 million TEUs this year, further cementing its position as the world's largest container port after it overtook Singapore in 2010.
The city is boosting capacity as it bids to become a global shipping centre by 2020, reported Shanghai Daily.
"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.
Meanwhile, Shanghai will launch a pilot programme that allows exporters to enjoy a tax refund as soon as their dry bulk goods and containers depart for Yangshan Deep-water Port from their home ports, a government official said.
"The tax refund programme will be put into operation at the end of this year or the beginning of next year, and details will be announced very soon," said Dai Haibo, vice-head of Pudong New Area government.
Exporters of dry bulk goods and containers departing from Qingdao and Wuhan that used the Yangshan port as a transfer hub will get their rebates as soon as their cargo has left the home ports.
The Ministry of Finance and the Ministry of Transport support the pilot project and are coordinating with local government institutions, Dai said.
Observers said the tax refund would boost Yangshan port's competitiveness against other Asian ports.
The city is boosting capacity as it bids to become a global shipping centre by 2020, reported Shanghai Daily.
"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.
Meanwhile, Shanghai will launch a pilot programme that allows exporters to enjoy a tax refund as soon as their dry bulk goods and containers depart for Yangshan Deep-water Port from their home ports, a government official said.
"The tax refund programme will be put into operation at the end of this year or the beginning of next year, and details will be announced very soon," said Dai Haibo, vice-head of Pudong New Area government.
Exporters of dry bulk goods and containers departing from Qingdao and Wuhan that used the Yangshan port as a transfer hub will get their rebates as soon as their cargo has left the home ports.
The Ministry of Finance and the Ministry of Transport support the pilot project and are coordinating with local government institutions, Dai said.
Observers said the tax refund would boost Yangshan port's competitiveness against other Asian ports.
