Port Of Xiamen Registers 10.7% Rise In Container Volume
News: The Chinese Port of Xiamen registered a 10.7% year-on-year (y-o-y) increase in container volume to 5.13mn twenty-foot equivalent units (TEUs) in January-September, reports Xinhua. The port also posted a 7.4% y-o-y rise in overall cargo to 126mn tonnes in the same period. Additionally, the China State Council had given a go ahead to the Xiamen Port, which is the major port of Fujian province across from Taiwan, for participating in the pilot scheme of port of origin tax rebate. Fujian province is planning to utilise the port for field testing such schemes in international shipping after it won approval from the Chinese authority.
BMI View: China's waterways provide 110,000km of navigable distance, the world's largest inland waterway network. China's largest ports and harbours are located at Shanghai and Shenzhen. Other important ports include Dalian, Fuzhou, Guangzhou, Haikou, Huangpu, Lianyungang and Nanjing. They also include Nantong, Ningbo, Qingdao, Qinhuangdao, Shantou, Tianjin, Wenzhou, Xiamen, Xingang, Yantai and Zhanjiang.