Mega Shanghai terminal development initiated…
A new 11.6 million TEU capacity container facility has been confirmed north of Yangshan in China.
The US$7.8 billion project is being undertaken by Shanghai International Port Group (SIPG) and is expected to deliver an additional 5500m of container berthing space.
Initial construction works commenced in early October 2022, with a projected completion date of the end of 2030.
SIPG states that the new facilities will help improve service levels for the Yangshan deep-water area while enhancing river-to-sea combined transportation in the Yangtze river delta.
Shanghai remains the world’s largest volume container port, based on volume throughput. In the January to end of August 2022 period the port handled 31.02 million TEU, reflecting a drop of just 0.2 per cent on the comparable eight months of 2021, which was achieved despite a two-month lockdown earlier in 2022 due to Beijing’s continuing zero-tolerance COVID-19 strategy.
A new 11.6 million TEU capacity container facility has been confirmed north of Yangshan in China.
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