Newssummary: Yangshan Free Trade Port to Expand in Size; to Challenge Singapore-Shanghai Metals Market

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Newssummary: Yangshan Free Trade Port to Expand in Size; to Challenge Singapore

Industry News 02:45:39PM Dec 03, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – Yangshan Free Trade Port Area will expand in size from the current 8.14 square kilometers to 14.16 square kilometers to accommodate more docks and berths, Shanghai Securities News reported today.

Yangshan port phase four project entails construction of seven 50,000-70,000-tonne container berths, which would be completed by the end of 2015, the newspaper cited unnamed sources as saying.

The expanded Yangshan port is set to divert entrepot trade from Singapore, possibly changing the whole shipping pattern in Asia, the paper said.
 

Newssummary: Yangshan Free Trade Port to Expand in Size; to Challenge Singapore

Industry News 02:45:39PM Dec 03, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – Yangshan Free Trade Port Area will expand in size from the current 8.14 square kilometers to 14.16 square kilometers to accommodate more docks and berths, Shanghai Securities News reported today.

Yangshan port phase four project entails construction of seven 50,000-70,000-tonne container berths, which would be completed by the end of 2015, the newspaper cited unnamed sources as saying.

The expanded Yangshan port is set to divert entrepot trade from Singapore, possibly changing the whole shipping pattern in Asia, the paper said.