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Shanghai to build international shipping center
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16:42, May 12, 2009

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Shanghai released the State Council's opinion on implementation of promotion for the construction of an international financial center and an international shipping center in Shanghai on May 11. The policies relating to international shipping enterprises and international free ports, among others, appear particularly noticeable.

This implementation opinion points out that Shanghai will make every effort to attract international shipping enterprises, procurement and distribution centers as well as multinational operation and settlement centers, into settling in Shanghai.

Overseas international passenger liner enterprises have also become one of the many types of businesses Shanghai will try to attract. Shanghai will actively work jointly with relevant departments of the State to formulate operating methods, so that overseas international passenger liner companies can register and set up business in Shanghai and that duly approved passenger liner enterprises can be launched on international routes.

Active efforts will be made to ensure that relevant departments of State agree to the practice of overseas passenger liner enterprises setting up holding companies or wholly-owned passenger liner businesses in Shanghai.

In respect of exploring a matching soft environment for international shipping, relevant officials expressed supporting policies adopted in countries and regions with developed shipping businesses will be used as a guideline, shipping tax policies with an international competitive edge will be researched and formulated, and policies related to international free ports will be used for reference to expand the functions of the Yangshan Bonded Port Area.

Shanghai will also encourage world famous ship management companies to set up companies in Shanghai to support and create a market for Chinese professional sailors. It will actively introduce world famous shipping research institutions and consulting agencies to Shanghai as well as improve the industrial system of shipping science and technology, shipping consultation and shipping information services.

Shanghai's port status has risen constantly in recent years. Currently, the container throughput of Shanghai's ports ranks second in the world after Singapore. The implementation opinion points out that Shanghai will strengthen its ports' comprehensively to compete in the international market, making it an international container transportation hub in northeast Asia, as well as speed up the construction of the port as an international liners' home port.

By People's Daily Online

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