Shenzhen Becomes One of World's Top 10 Container Ports

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Last updated at: (Beijing Time) Tuesday, January 15, 2002

Shenzhen Becomes One of World's Top 10 Container Ports

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Shenzhen, China's oldest special economic zone is now in the world's top 10 international container terminals after handling 5 million TEUs of freight in 2001.

The city in Guangdong Province is next to the international metropolitan of Hong Kong. Its income from the container port contributed 13 percent to the city's economic growth last year.

The Shenzhen container terminal has had an average annual freight handling growth of 44.6 percent for five years. It now has 69 overseas routes and records a monthly run of 417 ships.

The port is expected to receive investments of 15.65 billion yuan (about 2 billion U.S.dollars) in the next four years, most of which will be used to open ten new berths. This will increase the container handling capacity of the port by another 1.6 million TEUs.

According to the port's expansion plan, its annual freight will amount to 85 million tons of cargo and 7 million TEUs of containers by 2005 and open 100 overseas routes to become theeighth biggest container port in the world.

Shenzhen to Expand Port Handling Capacity

Shenzhen, the south China economic powerhouse opposite Hong Kong, is expected to expand its annual port handling capacity by 1.6 million TEU containers starting from next year.

Hong Kong tycoon Li Ka-shing and the Yantian Port Group of Shenzhen will jointly invest a total exceeding 5.5 billion yuan (about 663 million U.S. dollars) in the project. Li's Hutchison Whampoa Ltd. will cover 65 percent and Yantian 35 percent of the total.

Shenzhen to Build Six New Container Berths

Shenzhen, one of China's earliest special economic zones, will build six more container berths in the next five years.

According to an official with the city's development planning bureau, Shenzhen plans to build four 50,000-dwt (dead weight tonnage) container berths at the city's Yantian Harbor with an total investment of about four billion yuan (about US$500 million).

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