The municipal government of Shanghai has set a goal for the city to emerge as a world-class international shipping center during the 14th Five-Year Plan period (2021-25).
Officials said on Thursday that by 2025, Shanghai will be also capable of multiple shipping-related accomplishments each year: handling more than 47 million TEUs (twenty-foot equivalent units) of containers at its ports each year; receiving 130 million passenger trips; and clearing 4.1 million metric tons of cargo at its airports.
In the past five years, Shanghai has become an international shipping center and acquired the preliminary capability of allocating global shipping resources, said the 14th five-year guideline on Shanghai's development into an international shipping center.
Shanghai was rated third among international shipping centers behind only Singapore and London by the 2020 Xinhua-Baltic International Shipping Center Development Index.
Shanghai's international influence is steadily growing, said Yu Fulin, director of Shanghai Municipal Transport Commission.
"In accordance with the central government's new strategy, and following the new requirements for the development as a shipping center, Shanghai would try its best to build a hub and strategic nexus under the new dual-circulation development pattern. Shanghai will upgrade itself into a world-class international shipping center with convenience, high efficiency, full functions, eco-friendliness and strong safeguards by 2025," said Yu.