Guangzhou's Nansha port, bigger, more connected than Pearl Delta rivals
THE vision of a 'Greater Bay Area' (GBA), aka Pearl River Delta, as China's economic hub encompassing 11 urban southern Chinese cities, involves regional governments, corporations and investors in a state-sponsored promotional programme
THE vision of a 'Greater Bay Area' (GBA), aka Pearl River Delta, as China's economic hub encompassing 11 urban southern Chinese cities, involves regional governments, corporations and investors in a state-sponsored promotional programme.
The plan to integrate the cities in fields of manufacturing, services, financing and high-tech is going to offer the bay area container port market a wealth of new opportunities, says Stock Visionary, a product of Hong Kong-incorporated Dezan Shira & Associates, a 'professional services' firm.
Guangzhou's Nansha port has been a major commercial and trading port in China for 1,000 years, and now is playing a bigger and more critical part in China's further opening up and the Belt and Road Initiative, said the report.
Nansha container volumes reached 15.57 million TEU in 2018, an 11.6 per cent year-on-year increase, making it the fifth biggest port in the world, said Stock Visionary. Nansha is already China biggest automobile port.
The port's location as the only deep-water port on the west side of the Pearl River Delta, close to many new sourcing factories provides products for export.
Cargo catchment area in western GBA to Nansha Port is within one and 1.5 hour drive versus a two to three- hour drive to Shenzhen ports. The west side of the Pearl River is also much less congested than the Shenzhen ports on the east side of the Pearl River Delta, said Stock Visionary.
Nansha's on-dock railway, which is expected to start operation in 2020, will runs through Jiangmen, Zhongshan, Foshan and Guangzhou. It will be an important cargo transportation corridor helping cargo from inland cities to be delivered to Nansha Terminal directly through rail.
Besides, the Guangzhou government gives aggressive support, offering financial incentives to the Nansha port, related shipping lines, exporters and importers, forwarders and the nascent maritime cluster.
The number of international shipping routes to and from Nansha grew from 41 to 103 in the past five years, while cross-border e-commerce surged from CNY30 million (US$4.4 million) to CNY7.2 billion.