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People's Daily Online>>China Business

New rules may steer Shanghai's port to grow

By  Lu Nengneng   (Shanghai Daily)

13:34, March 01, 2012

Shanghai will be able to tap a set of new rules for port services from today to help steer the city through the global economic turbulence as it sails toward becoming an international shipping hub.

The rules, which were enacted in November, aim to streamline the administrative procedures at customs, and provide a guideline on enforcing the law. They will also help the city evolve beyond its traditional role as a cargo and container handling port toward one that meets world standards in terms of efficiency and quality of services provided to shippers, container and cargo handling companies.

As the global economic uncertainties still persist, the city's total value of imports and exports fell 7.7 percent from a year earlier to US$79 billion in January.

Its port saw its container traffic volume shrink 3.3 percent to 2.6 million TEUs (twenty-foot equivalent units) in January, and its total goods throughput dropped 4.7 percent to 58 million tons.

Shanghai's airports also saw a drop of 19 percent year on year in cargo throughput to 243,000 tons in January.

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