Importance of Ningbo Port highlighted
November 29, 2012 Category Logistics, Ports & sea transport
Ningbo Port in Zhejiang province has established trade connections with more than 600 ports from more than 100 countries and regions in the world. All of the world’s top 20 liners have opened regular cargo or passenger lines to Ningbo. As of August this year, Ningbo had formed a global network with more than 200 cargo container routes. The port is now an important entry point for resources such as coal, oil and iron ore. Ningbo is the largest crude oil processing base in the country, and more than 30 large domestic steel plants import iron ore through Ningbo port. Zhejiang province has the largest number of thermal power stations in South China thanks to its bulk import of coal through Ningbo port. Total export and imports at the port exceeded USD200 billion last year. In the first half of this year, Ningbo port handled 222 million metric tons of cargo, a year-on-year increase of 6.1% and a historical high. The city is expected to become the core national marine economic zone by 2015 through accelerated development of marine technology, logistics and innovation, according to a blueprint from the local government. The plan envisions total production in the city from ocean-related industries will reach CNY450 billion by the end of 2020. The port at Ningbo is second nationwide only to Shanghai in annual cargo throughput. In the first six months of 2012, total cargo throughput hit a new high of 222 million tons and the number of containers reached 7.8 million, an increase of 10.1%. “We need to seize the opportunity to make our city more competitive among the marine economies,” said Wang Huizhong, the Communist Party Secretary of Ningbo. The city has set a goal to build a comprehensive logistic service system based on its deepwater ports. China’s first national marine industry fund was listed on the stock market in 2011 and will raise CNY3 billion.
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