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Shenzhen Port is $ 45m of incentives

Shipping News | August 29, 2009 | View Comments
  • Undergoing its hardest year of business for a generation Shenzhen port in the south of China will today unveil a series of incentives to coerce shipping lines to call more often at the port’s four box terminals.

    The total package the authority is making available is 300m RMB, one of
    the largest incentives packages offered by any port this year,
    underscoring the gravity of the shortfall in boxes in south China.
    Shenzhen, at the heart of the manufacturing centre that is the Pearl
    river delta, has suffered from a severe drop in demand from Europe and
    the US for Chinese products. The port is likely to post a full year
    double-digit percentage decline, becoming the worst performer of the
    major boxports in China. Its performance will see Hong Kong remain
    ahead of it in third place in the global boxport rankings for another
    year.

    Source: SeaTradeAsia-Online

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