Shenzhen Port Injects Funding to Boost Port Calls

7 September 2009 (Last Updated September 7th, 2009 18:30)

The Chinese Port of Shenzhen has announced a $43.9m stimulus package to encourage shipping lines to call more often at its four container terminals. The total investment is reportedly one of the largest stimulus packages offered to any port this year. The port in southern China

The Chinese Port of Shenzhen has announced a $43.9m stimulus package to encourage shipping lines to call more often at its four container terminals.

The total investment is reportedly one of the largest stimulus packages offered to any port this year.

The port in southern China has suffered a fall in export demand for Chinese products from Europe and the US.

The company anticipates a full year double-digit percentage decline, becoming the worst performer of the major container ports in China.