Shanghai International Port (Group) will slow its pace of investment in ports, terminals and related infrastructure along the Yangtze River after a massive spending boom in the past few years, reported the South China Morning Post.
SIPG vice-president Yan Jun said the company had spent US$1.24 billion developing a network of ports and container handling facilities along China's longest river.He believes this capacity is sufficient to meet "demand in the next two or three years"."Further development will be dependent on demand," he said on the sidelines of a Journal of Commerce shipping conference.
SIPG vice-president Yan Jun said the company had spent US$1.24 billion developing a network of ports and container handling facilities along China's longest river.He believes this capacity is sufficient to meet "demand in the next two or three years"."Further development will be dependent on demand," he said on the sidelines of a Journal of Commerce shipping conference.