“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.
