China Approves Shanghai Free Trade Zone

Xinhua
Monday, August 26, 2013
Shangai Huangpu River: Photo CCL

Covering 28.7 square kilometres, the new zone (a pilot project) will be built on the basis of existing bonded zones, the Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone.

Citing a Ministry of Commerce statement, Xinhua, report that the zone is a crucial move in adapting to global economic and trade development and imposing a more proactive opening-up strategy, adding that it will help explore a new path for China's opening up, speed up transformation of government functions and promote economic restructuring.

Experiences gained from the pilot zone are expected to be copied in other parts of the country, according to the statement.

The zone is expected to strengthen China's global competitiveness and serve as a new platform for the nation's cooperation with other countries, and contribute to efforts in developing "an upgraded version of China's economy," said the statement.

Source: Xinhua
 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Too Many Passengers Lands Ferry Company in Court

Carrying numbers of passengers, including schoolchildren, far in excess of its license, has cost representatives of a Hampshire ferry company fines and costs totaling £12,340.

Barge Operator Fined for Releasing Dangerous Gas

The operator of a Portsmouth-based barge has today been made to pay almost £111,000 in fines and costs after pleading guilty to a breach of maritime legislation.

House Introduces Vessel Discharge Legislation

The American Waterways Operators, a 350-member trade association representing the U.S. tugboat, towboat and barge industry, hailed the House introduction of critical

Ports

Fire at Los Angeles Port Stops Container Traffic

Thick smoke from a smoldering fire started by a welder's torch at the Port of Los Angeles was preventing the movement of containers at the facility on Tuesday,

Air Pollution Continues Decline at Port of Long Beach

Diesel air pollution from ships, trucks, trains and other big machines at the Port of Long Beach has declined by 82 percent since 2005, a comprehensive air quality analysis has found.

New Rotation of CMA CGM Joint Service Unveiled

CMA CGM S.A. (CMA CGM) announced the rotation of its new service in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL)

Government Update

US Sets Import Duties on Chinese Containers

The U.S. Commerce Department on Tuesday set duties on imports of rail and road transport containers from China after finding the goods were produced using unfair government subsidies.

House Introduces Vessel Discharge Legislation

The American Waterways Operators, a 350-member trade association representing the U.S. tugboat, towboat and barge industry, hailed the House introduction of critical

In Support of Affordable Energy

As its key mission, Waterways Council, Inc. (WCI) advocates for a modern and well-maintained system of inland waterways and ports. WCI’s top issues areas include

Logistics

Suncor Sends First Tanker of Western Canada Heavy Crude to Europe

Canada's largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada's East Coast to Europe, a company spokeswoman said on Tuesday.

US Sets Import Duties on Chinese Containers

The U.S. Commerce Department on Tuesday set duties on imports of rail and road transport containers from China after finding the goods were produced using unfair government subsidies.

Fire at Los Angeles Port Stops Container Traffic

Thick smoke from a smoldering fire started by a welder's torch at the Port of Los Angeles was preventing the movement of containers at the facility on Tuesday,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1667 sec (6 req/sec)