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Taicang and Shanghai to operate JV terminal

16 April 2014
Shanghai and its neighbouring port Taicang have formed a joint venture agreement to operate two Taicang berths, Xinhua reported.

Shanghai International Port Group (SIPG) will hold a 45 per cent stake in the joint venture company, Taicang Port SIPG Zhenghe Container Terminal, with Taicang holding the remainder. The company will operate two 50,000-tonne berths at Taicang’s phase three terminal.

Shanghai will move the handling of transhipments to Yangshan terminal from its Waigaoqiao terminal to Taicang, a river port 60km up the Yangtze. The move is expected to lead to more transhipments from the major manufacturing cities of Suzhou, Wuxi and Changzhou being shipped on waterway instead of transported on road to Yangshan.

Shanghai will also shift to Yangshan the handling of transhipments from upper and middle Yangtze port cities such as Chongqing and Wuhan. This will add an estimated 600,000 TEU a year to Taicang’s throughput.

The first fleet of eight barges for moving transhipments between Taicang and Yangshan will become operational in June.

Shanghai also aims to move its near-sea shipping services to Taicang and increase the number of sailings from Taicang to Japan, South Korea and Taiwan to 20 a week by the end of this year. The two ports will work on developing Taicang into a near-sea shipping hub.

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