Thursday, September 20, 2012
Port of Xiamen building global shipping hub by 2020
The Port of Xiamen, located in a special economic zone in East China, is developing a global shipping hub to be in place by 2020. By then, the Southeast China International Shipping Center will be equipped to deal with a variety of businesses, such as international transit, purchase, allocation and distribution; ship leasing; customs clearance; and offshore outsourcing.
The new shipping center is expected to strengthen connections with port cities in Taiwan, including Kaohsiung, Taichung and Keelong, said Cai Liangya, director of the Xiamen Port Authority.
Sun Chunlan, party chief of Fujian province, said the shipping center promotes regional development. "The shipping center will not only involve shipping resources but also human resources, capital, technology and information," Sun said. "In addition to the tertiary sector of the economy, secondary industry will also be spurred by the creation of the shipping hub."
According to the Xiamen Port Authority, inbound imported cargo will be duty free.
The initial construction of the shipping center should be complete by 2015, when container throughput at the Port of Xiamen is expected to reach 10 million TEUs.
For more of the China Daily story: chinadaily.com.cn
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