South China Port Reports Booming Container Business

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Last updated at: (Beijing Time) Thursday, September 19, 2002

South China Port Reports Booming Container Business

Shenzhen Port in south China's Guangdong province handled 5.08 million standard containers or TEUs by Sept. 15 this year, up 50.77 percent from the same period last year.

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Shenzhen Port in south China's Guangdong province handled 5.08 million standard containers or TEUs by Sept. 15 this year, up 50.77 percent from the same period last year.

The volume exceeds the gross figure for containers handled in the whole of 2001, according to sources from Shenzhen City Administration of Communications.

An official in charge of port affairs with the administration attributed Shenzhen Port's booming container business to the city's rising foreign trade and the increase in overseas-financed businesses in the Pearl River Delta, also in Guangdong province.

Shenzhen city clocked up imports and exports worth more than 20 billion US dollars in the first six months of the year, up 17 percent.

Statistics show foreign trade cargo made up 58 percent of the 59.97 million tons of cargo handled at the port of Shenzhen in the first nine months of the year, up 43.63 percent.

It is estimated that the number of containers handled at Shenzhen Port in the whole of this year will reach 7 million TEUs, two million more than last year, an unusually high growth rate in port development worldwide.

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