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News

SIPG cautious on Yangtze investments

29 June 2011
After years of heavy spending in terminals and related infrastructure along the Yangtze River, Shanghai International Port (Group) is to take a more cautious approach to future investment, reported South China Morning Post.

At a recent shipping conference in Shanghai, SIPG vice-president Yan Jun said the company had spent US$1.24bn on developing a network of ports and container-handling facilities along the river. He said capacity was sufficient to meet demand in the next two or three years and that further development would depend on demand.

     
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