SIPG seeks to develop Yangshan into free trade port

SIPG seeks to develop Yangshan into free trade port

Chen Xuyuan, president of state run port operator Shanghai International Port Group (SIPG), has proposed to the National People’s Congress, the annual meeting of China’s legislature, to develop Shanghai’s Yangshan Port into a free trade port.

According to Chen, the establishment of a free trade port in Shanghai will significantly improve trade volumes and strengthen Shanghai Port’s status as a hub port in the region. It is also in line with central government’s maritime silk road initiative.

Chen said the setup of the free trade port will require a number of legislative adjustments, and the port authority in Shanghai has already started working on the feasibility plans.

Shanghai Port completed annual container throughput of 37.13m teu in the year of 2016, once again making it the busiest container port in the world.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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