Binhai will be multi-billion yuan international shipping hub

%3CP%20align%3Dcenter%3E%3CIMG%20style%3D%22WIDTH%3A%20500px%3B%20HEIGHT%3A%20363px%22%20height%3D428%20src%3D%22/new_maoyi_en/cn/admin/news/NewsFile/-1/2010519154018726.jpg%22%20width%3D500%20border%3D0%3E%3C/P%3E%0D%0A%3CP%20align%3Dcenter%3ETianjin%20Port%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHundreds%20of%20millions%20of%20yuan%20will%20be%20pumped%20into%20Binhai%20New%20Area%2C%20in%20the%20northern%20coastal%20city%20of%20Tianjin%2C%20in%20an%20effort%20to%20make%20it%20the%20heart%20of%20north-eastern%20Asia%u2019s%20shipping%20network%20by%202015%2C%20the%20local%20government%20said.%3C/FONT%3E%3C/P%3E%3CFONT%20face%3DVerdana%3E%0D%0A%3CP%3E%3CBR%3EWith14.6%20billion%20yuan%20in%20revenue%20in%202008%2C%20Binhai%u2019s%20Tianjin%20port%20is%20currently%20the%20largest%20port%20in%20northern%20China%2C%20and%20the%20fifth%20largest%20in%20the%20world.%3C/P%3E%0D%0A%3CP%3EIn%20a%20statement%20released%20on%20Tuesday%2C%20local%20authorities%20said%20an%20annual%20budget%20of%20600%20million%20has%20been%20set%20aside%20to%20further%20develop%20shipping%20facilities%20in%20the%20area.%3C/P%3E%0D%0A%3CP%3EThey%20said%20by%202012%2C%20they%20expect%20Tianjin%20port%20to%20handle%20460%20million%20tons%20of%20goods%20and%20over%2013%20million%20containers%20every%20year.%3C/P%3E%0D%0A%3CP%3EWith%20construction%20underway%20for%20the%20Dongjiang%20Bonded%20Area%2C%20which%20will%20cover%2010-square-kilometers%2C%20the%20total%20value%20of%20Binhai%u2019s%20shipping%20industry%20will%20exceed%20100%20billion%20yuan%20by%202012.%3C/P%3E%0D%0A%3CP%3EHao%20Shouyi%2C%20vice%20director%20of%20the%20Binhai%20Administrative%20Committee%2C%20said%20he%20expects%20the%20area%20to%20have%20developed%20a%20free%20trade%20port%2C%20sound%20shipping%20services%20and%20efficient%20logistics%20by%202015.%3C/P%3E%0D%0A%3CP%3E%u201CBy%20then%2C%20the%20waterway%20of%20Tianjin%20Port%20will%20be%20wide%20enough%20for%20a%20300%2C000-tonne-freighter%20and%20the%20port%u2019s%20throughput%20will%20exceed%20550%20million%20tons%20of%20bulk%20and%2017%20million%20containers%2C%u201D%20he%20said.%20%u201CThe%20added%20value%20of%20the%20shipping%20industry%20is%20expected%20to%20double%20from%202012%2C%20to%20more%20than%20200%20billion%20yuan.%u201D%3C/P%3E%0D%0A%3CP%3EAlong%20with%20Shanghai%20Port%2C%20it%20is%20one%20of%20only%20two%20ports%20featured%20on%20the%20latest%20list%20of%20China%u2019s%20Top%20500%20Enterprises.%3C/P%3E%0D%0A%3CP%3ELocal%20Authorities%20are%20considering%20additional%20preferential%20policies%20for%20international%20shippers%2C%20such%20as%20express%20channels%20for%20bonded%20goods%2C%20duty-free%20shopping%2C%20and%20visas%20.%3C/P%3E%0D%0A%3CP%3EThey%20also%20plan%20to%20apply%20to%20the%20central%20authorities%20to%20be%20the%20first%20area%20to%20establish%20a%20registration%20system%20for%20international%20shipping%2C%20reforming%20the%20shipping%20duties.%3CBR%3E%3C/FONT%3E%3C/P%3E