2013, Oct. 15, Shanghai, China - A press conference was held by Shanghai Municipal Government on Oct. 15. Shanghai International Port (Group) Co., Ltd., and Shanghai Maritime Bureau introduced detailed information at the press conference.

SIPG Chairman Chen Xuyuan said that, regulatory two-way navigation will shorten vessel waiting time on berth, thus will improve efficiency both for the port and the carriers. The new measurements will benefit all the carriers calling at the Port, as well as all the shipping-related companies in Shanghai.

He also introduced new development of Port of Shanghai. This year saw dramatic growth of water-to-water transshipment in Shanghai, accounting for 46% of Shanghai's total volume. Among which, international transshipment grew by a recording-breaking 35%. In the next steps, SIPG will make full use of the Foreign Trade Zone policies to actively expend business in the fields of shipping finance, cargo consolidation logistics, etc.

Shanghai Maritime Bureau Director General Xu Guoyi said that, aside from two-way navigation, the bureau with continue to work with SIPG to have a research on the feasibility of vessel navigation under bad weather in Yangshan, in order to solve the problem and provide better condition for vessels calling at Shanghai.

Figure shows that, with two-way navigation, the average waiting time for vessels in Yangshan is shortened to 1.75 hours from 3.5hours, berth utilization is increased to 84% from 72%, which will help the port to provide better service for carriers.



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