Taicang's Suzhou focus, to spend US$860 million to gain 4 million TEU

2012 03 10


PORT of Taicang, 60 miles upstream from Shanghai on the Yangtze, is aiming to complete handling four million TEU and overall 120 million tonnes by the end of this month, Xinhua reports.

The eastern China port, once home to now defunct The Containership Company, also plans to invest CNY5.43 billion (US$860.6 million) on development projects, and launch 16 to 24 new lines to raise the total to between 115 and 123. It will also seek to increase its client base in Suzhou by 200 to 300 shippers to raise the total to 1,500 companies.

Source Shipping Gazette - Daily Shipping News
 

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