Shenzhen to deploy US$44 million

The Port of Shenzhen has revealed a series of incentives to induce shipping lines to call more often at the port's four container terminals, reports shipcharteringblogspot.com.
The total package the authority is making available is CNY300 million (US$43.9 million), reportedly one of the largest stimulus packages offered to any port this year, said the report.
This underscores the shortfall in container in south China, said the report, adding that Shenzhen has suffered from a severe drop in demand from Europe and the US for the Chinese products it ships out.
The port, at heart of south China's manufacturing centre, is likely to post a full year double-digit percentage decline, becoming the worst performer of the major container ports in China, said the report. "Its performance will see Hong Kong remain ahead of it in third place in the global box port rankings for another year," the report said.

(Source: Transport Weekly)