THE Port of Shanghai's third quarter throughput rose 21 per cent to 19.3 million TEU, maintaining its standing as the world's second largest container port after Singapore, the city's vice mayor Yang Xiong told a recent investors' conference.
Mr Yang said overall tonnage reached 419 million tons and that keeps the port on course to be the world's biggest by the end of the year. He also noted that more throughput is expected after the Yangshan Phase 3 Terminal starts operations in 2008.
But Mr Yang said the port now needs to catch up with London, Singapore and Hong Kong in financial services, insurance and maritime arbitration services.
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