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WUHAN, the capital of Hubei province, is on the drawing board to become a major regional port under the Wuhan Port and Shipping Development Group, reports Colchester's Seatrade Maritime News
To be renamed Hubei Provincial Port Group, it will integrate state-owned provincial port assets along Yangtze and Han river.
Provincial authorities will allocate CNY1 billion (US$156 million in 2021 and 2022 to support major infrastructure construction and project development for ports integration.
Hubei posted a cargo throughput of 380 million tons and a container volume of 2.29 million TEU last year, an increase of 23.9 per cent and 9.8 per cent respectively, establishing it as a leading port in the middle reaches of the of Yangtze that flows from Chongqing to Shanghai.
In recent years, several Chinese provincial port groups had been established, such as Shandong Port Group, Liaoning Port Group and Zhejiang Sea Port Group, for strengthening the ports' competiveness and improving efficiency.
https://www.shippingazette.com/menu.asp?encode=eng
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