Panasia looking to develop inland shipping
September 16, 2010 Category Inland river transport, Logistics
Panasia Shipping Co and other companies are looking upstream at the Yangtze River as Shanghai seeks to develop its Yangshan Deep-water Port into a major trans-shipment hub. PanAsia, a wholly-owned unit of COSCO Container Lines Co, was among the first to open direct shipping lines to the upper and middle reaches of the Yangtze River. More than 80% of goods exported through Shanghai come from the upper reaches of the river. Two of PanAsia’s self-built container carriers, each with a capacity of 308 TEU, are used to transport containerized cargo from Jiangsu’s Taicang city to Yangshan port. A third carrier is transporting cargo between the Yangtze river city of Jiangyin and Yangshan. PanAsia plans to have nine container ships in operation by the end of this year, with shipping lines expanded to Nanjing and Zhangjiagang on the lower reaches of the Yangtze, and to Wuhan on the middle reaches. “Increasing direct shipping lines to the upper reaches of the river will offer manufacturers a non-rail option for moving goods,” said Zhou Deping of PanAsia. Throughput of containers operated by PanAsia through the Yangtze river to Shanghai climbed to 450,000 TEU in 2009, an 11% rise from a year earlier. Waterway transport accounted for only 37.5% of cargo-carrying in Shanghai last year, while railway made up less than 1%. More than 62% was handled by highway transport. Shanghai is working on a pilot program to offer tax rebates to exporters of dry bulk goods and containers departing from Qingdao in Shandong province and Wuhan that use Yangshan port as a transfer hub, the Shanghai Daily reported.
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