New mea­sures to boost hub am­bi­tions

China Daily (USA) - - SHANGHAI - ByYURAN in Shang­hai yu­ran@chi­

The Shang­hai gov­ern­ment is look­ing to deepen its re­forms in its quest to be­come a global ship­ping hub by boost­ing the through­put ca­pac­ity of cargo and up­grad­ing air­port in­fra­struc­ture and ship­ping ser­vices in the Yangtze River Delta.

“The city is aim­ing to be­come a global ship­ping hub by 2020 with high-level ship­ping re­sources that can offer com­pre­hen­sive ship­ping ser­vices, ef­fi­cient lo­gis­tics and have re­source al­lo­ca­tion ca­pa­bil­i­ties,” said Zhang Lin, deputy di­rec­tor of Shang­hai Mu­nic­i­pal Trans­porta­tion Com­mis­sion.

Ac­cord­ing to the 13th Five-Year Plan re­gard­ing the de­vel­op­ment of Shang­hai into a global ship­ping cen­ter, the Port of Shang­hai is ex­pected to main­tain its po­si­tion as the world’s lead­ing port with an an­nual con­tainer through­put of 42 mil­lion TEUs.

The an­nual cargo through­put reached 717 mil­lion in 2015, with the through­put for con­tain­ers ex­ceed­ing 36 mil­lion TEUs, the high­est in the world.

“The fourth phase of the Yang­shan Deep-wa­ter Port is an au­to­mated ter­mi­nal project which will be put into trial pro­duc­tion by next year with an ex­tra 4 mil­lion TEUs,” said Zhang.

Yang­shan Deep-wa­ter Port, part of the Port of Shang­hai, is sit­u­ated at the es­tu­ary of Hangzhou Bay and is the the size of Shang­hai Pudong In­ter­na­tional Air­port's new Ter­mi­nal 3 near­est deep-wa­ter port to Shang­hai. The port has con­stantly been ex­pand­ing to cope with the in­creas­ing vol­ume of goods since com­menc­ing op­er­a­tions in late 2005.

In the con­text of the cruise in­dus­try, the Port of Shang­hai is ex­pected to be­come one of the largest cruise ports in the Asia Pa­cific re­gion by 2020. Au­thor­i­ties also aim to make the fa­cil­ity the home port to be­tween 12 and 15 cruises, with an­nual tourist visi­tor num­bers be­tween 1.5 to 2 mil­lion.

In 2015, the Port of Shang­hai wel­comed 345 cruises and 821,200 vis­i­tors, mak­ing it the world’s eighth busiest cruise port.

On the avi­a­tion front, Shang­hai’s au­thor­i­ties are plan­ning to con­struct the world’s largest satel­lite hall as well as the new Ter­mi­nal 3 which will cover 622,000 square me­ters — larger than the air­port’s T1 ter­mi­nal. This ex­pan­sion will boost air­port ca­pac­ity to 120 mil­lion pas­sen­ger vis­its an­nu­ally, a sig­nif­i­cant in­crease over last year’s 99 mil­lion.

The project, lo­cated south of the two ex­ist­ing ter­mi­nals, will be con­nected to one an­other via a rapid tran­sit sys­tem. Jia Rui­jun, the deputy pres­i­dent of Shang­hai Air­port Au­thor­ity, said that this trans­porta­tion sys­tem will shorten the walk­ing dis­tance for tran­sit pas­sen­gers from the cur­rent 768 me­ters to less than 300 me­ters.

In ad­di­tion, the ship­ping finance sec­tor will con­tinue to un­dergo de­vel­op­ment as it works to­ward host­ing a clus­ter of fi­nan­cial or­ga­ni­za­tions and an ac­tive ship­ping fi­nan­cial ser­vice sys­tem.

“We will level up the abil­i­ties of ship­ping fi­nanc­ing and cap­i­tal set­tle­ments, en­cour­age ship­ping in­sur­ance agen­cies to launch more in­no­va­tive prod­ucts and im­prove the ship­ping fi­nan­cial ser­vice with more cre­ative fi­nan­cial de­riv­a­tives,” said Zhang Ye, the pres­i­dent of Shang­hai Ship­ping Ex­change.

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