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Shanghai International Port Group offers container storage discounts

Shanghai International Port Group (SIPG) is offering a 50% discount on container storage fees to help alleviate the impact of the month-long lockdown on shippers. The operator of eight terminals in Shanghai will offer the discount on all incoming heavy containerized cargoes, both from overseas and other Chinese ports. However, the discounts do not apply to reefer cargoes.

SIPG stated that it has been implementing solutions to circumvent the challenges caused by the lockdown, and results have been seen. Shortly after the lockdown began on 28 March, a container "land-to-water” service was launched, involving shippers transporting their containers to Taicang port, which will then barge the containers along the Yangtze River to Shanghai. So far, more than 2 million TEUs have been moved along this service.


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