SIPG in hunt for cruise ship

Shanghai: Shanghai International Port (Group) (SIPG) is in discussions with cruise line operators to form a joint venture and own its own cruise ship to help drive traffic to its bubble-shaped terminal in the heart of the financial metropolis.

SIPG has been mulling purchasing a cruise ship for the past three years in order to ensure its terminal is more constantly used. Any ship it buys can only be up to 70,000 gt due to height restrictions thanks to a bridge situated two kilometres downstream from the terminal.

SIPG’s cruise facility on the North Bund can take four ships at any one time. A bigger cruise hub has opened in the Baoshan district of Shanghai which is a joint venture between the Shanghai Baoshan district government and China Changjiang National Shipping (Group) Corp. The city’s two terminals are expected to handle about 400,000 passengers this year, compared with 230,000 last year.  [09/07/12]

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