“Our three years of effort [to build new berths] have been worth it,” SIPG Chairman Chen Xuyuan said. “We will deepen innovation by using more technology, enhancing management efficiency and creating new business models.”
SIPG operates Yangshan Port, which recently underwent its fourth phase of development costing 12.8 billion yuan (U.S. $1.9 billion).
Seven berths were opened in the 2,350-meter harbor, with 130 automated guided vehicles, said the South China Morning Post.
Situated on the Yangtze River Delta near Shanghai, container throughput at Yangshan is expected to reach 17 million TEUs this year.
Part of the fourth phase of development includes the utilization of Internet of Things, environmentally-friendly equipment, and further business data analysis.
China COSCO Shipping Corp. Chairman Xu Lirong said the country’s largest ocean carrier would cooperate with SIPG to increase the flow of cargo, talent and capital through the Port of Shanghai.
“Following the launch of the fourth phase of Yangshan Port, we will strengthen our cooperation with the Shanghai government to upgrade shipping services to help it consolidate the status of an international shipping center,” he told the South China Morning Post.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now