News came from the Management Committee of Shanghai Free Trade Zones that port of Yangshan was recently approved to be another pilot port of bonded registration of ship after Tianjin, which would push up the construction of the Shanghai International Shipping Center further. At present, total export-import volume through port of Yangshan is top among nationwide bonded ports.
The Maritime Safety Administration of Shanghai said that the establishment of bonded registration of ship, a system with Chinese characteristics, which set Yangshan as the port of registry, would reduce the operation cost of China fleets and improve their International competitiveness on ocean shipping effectively.
(Source:SSE)
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