CHINA's port operator Shanghai International Port Group (SIPG) and the southeast City of Suzhou in Jiangsu province have joined hands to promote river container shipping by aiming to develop an inland container handling hub.
Shanghai Tongsheng Logistics Park Investment and Development Company, a wholly owned subsidiary of SIPG, and Suzhou Newcity Investment and Development Company will jointly invest in and establish the joint venture Shanggang Jiyuntong Logistics Information (Suzhou) Company.
The new joint venture will combine the resources of SIPG and the multi-model transportation service provided by Suzhou international railway logistics centre, and improve operation efficiency of Yangshan port, Shanghai and lower the logistics costs for local industry players.
The designed annual handling capacity of this inland river container handling centre will reach 700,000 TEU.
SIPG chairman Gu Jinshan said the port is expecting to accelerate the development of inland container hub project, deepen the cooperation with Taicang and other ports in Jiangsu and make more contributions for integrated development of Yangtze river region, reports Colchester's Seatrade Maritime News.