Chinas bright star still shining
Chinas port industry shows a promising future, a recent report from Research in China has found. The study estimates that Chinas port handling capacity will increase by 80% or more from 2006 to 2010 and by 2010 the annual handling capacity of Chinese ports will top 6bn tonnes. Container handing capacity will also surge to 120m-140m teu.
“China’s port industry will gradually develop steadily after a rapid growth. However, it is still of high value to invest in hub ports in view of strategy thanks to the increase of handling capacity of domestic trade as well as the great space for rise in handling charges rate,” found the report. However, it concedes: “Overall handling capacity and layout of coastal ports and berth construction are under big pressure.”
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