Tianjin Port's annual cargo handling capacity is expected to reach 530 million tons by the end of the year, according to Tianjin Port (Group) Co Ltd.
The group also said the port's container throughput is expected to reach 14 million TEUs, with revenue of 35 billion yuan ($5.69 billion), a year on year growth of 11 billion yuan. The expected revenue increase includes 13.5 billion yuan in fixed-assets investment and 5 billion yuan in overseas investment.
The port will focus its development this year on the transformation and upgrading of industries. It will enlarge the scale of existing business models concerning logistics and finance and logistics and real estate, and it also aims to boost the development of new models, including logistics and trade, logistics and e-commerce and finance and trade.
The port will strengthen its logistics network for its inland business and open more routes for international shipping as well as for the Bohai Economic Rim. And the authorities will also explore the advantages of dry ports in marketing and business development.
The development of Dongjiang Bay in Tianjin Port will reach a new stage this year, with an emphasis on the establishment of eight functional areas - including a finance and trade area, shipping and logistics area, and a cruise and tourism area.
In addition, the port will help promote regional economic development by expanding its function and services into non-coastal areas. And it also aims to upgrade transportation basic facilities in the area by using its advantages due to its proximity to China's capital city, Beijing.
Edited by Chen Zhilin and Niva Whyman
