Shenzhen cargo soars as ports and economy improve

PUBLISHED : Wednesday, 04 December, 2002, 12:00am
UPDATED : Wednesday, 04 December, 2002, 12:00am

The Shenzhen Municipal Port Bureau has raised its cargo throughput forecast for its three ports to 7.5 million teu (20 ft equivalent units) for this year, saying the increase was helped by more efficient terminal facilities and rapid economic development in the Pearl River.

When the year began, the bureau anticipated annual throughput of six million teu. But the figure has now been revised twice to account for better-than-expected exports.

'The world economy is picking up this year,' bureau director Zhou Tianlin said.

'Although not every country can benefit from the trend, China is doing well.'

An improvement in customs services in Shenzhen - alongside a better investment environment - also encouraged the use of its ports, he said.

'It's November now and we are optimistic that total throughput will exceed 7.5 million teu,' Mr Zhou said.

Container throughput in Shenzhen has been growing rapidly. In the first 11 months of the year, total cargo handled at Shenzhen's Chiwan, Shekou and Yantian ports rose 49.23 per cent to 6.9 million teu.

The Christmas peak season is ending but the three ports handled 692,800 teu last month, compared to 787,500 teu in October. Mr Zhou said daily average volume was similar in the two months as there were just 30 days in November.

He said the world economic recovery and strong growth in the southern China region had fuelled Chinese exports.

Most importantly, improvement in the investment environment lured business to Shenzhen, while better terminal facilities attracted more shippers.