In a bid to move the cargo coming from a key export manufacturing region in Southern China, Hutchison Port Holdings Trust is predicting a surge in mega-ship calls at its Shenzhen Port, according to Bloomberg.
Gerry Yim, CEO of Hutchison Port Holdings, said: [Shenzhen] is important for China’s exports”, adding that its Shenzhen facility in Yantian previously opened a new berth, with a second due to open in H2, 2016.
Despite the recent stock market crash which caused the loss of billions of dollars, China’s exports, in US dollar terms, recently jumped 11.5% year-over-year in March, 2016, according to Market Realist.
China is currently pushing on with its ‘One Belt, One Road’ strategy, which aims to connect countries in and around the Indian Ocean to boost maritime trading connections.
The latest move to support this major project was through an announcement made by China Merchant Holdings to invest in 10 overseas ports.
China’s Port of Qingdao also recently announced a partnership with the Port of Djibouti, which involves enhancing cooperation in a bid to boost port planning.