| SHENZHEN is preparing a bid to Beijing
to establish Yantian port area as a bonded port area,
which is similar to the free trade port, according to
Xie Jianmin, deputy director of Shenzhen Administrative
Bureau of Free Trade Zones.
This is seen as a challenge to Hong Kong container
throughput, which stands at 22.6 million TEU against
Shenzhen's 16.2 million TEU today. According to the
Shenzhen government plan, the city's box throughput
will reach 26 million TEU by 2010.
Shenzhen's Yantian port area is expected to become
the fourth bonded port area in China after Shanghai's
Yangshan, Tianjin's Dongjiang and Dalian's Dayaowan,
reported Xinhua News Agency.
An official of the Shenzhen Sea Transport Association
said, if Shenzhen's application gets approval from the
central government, the bonded port area would be able
to expand its business coverage.
This will allow it to move beyond its present realm
of conventional services to high value-added services,
such as bonded warehousing, product packaging, international
transhipping, and international sourcing.
After Yantian bonded port area is established, Shenzhen
will win 15 per cent cargo sources from Hong Kong, about
4.5 million TEU, say port authorities.
And with the extra cargo volume brought in by the bonded
port area, Shenzhen's throughput is expected to exceed
30 million TEU, surpassing Hong Kong's box volume, said
Xinhua.
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