Yangpu Port in Hainan recorded its first clearance of zero-tariff petrochemical raw and auxiliary materials following the island-wide launch of special customs operations under the Hainan Free Trade Port (FTP), enabling companies to save nearly 10 million yuan ($1.42 million), according to Global Times.
The shipment involved 179,000 tons of cargo that cleared customs smoothly on the first day of the new regime.
Under the FTP policy, the share of goods eligible for zero tariffs expanded from 21 percent to 74 percent.
Port authorities reported that container throughput exceeded 3 million twenty-foot equivalent units (TEUs) as of Thursday this year, surpassing that level for the first time and nearly doubling from 1.8 million TEUs in 2024.
Yangpu Port currently operates 59 domestic and international routes, including 33 international services covering Southeast Asia, the Middle East, and Africa, with new intercontinental routes added since 2024.
Officials said infrastructure upgrades, including the commissioning of 200,000-ton deep-water berths in May, supported the increase in volumes.
On the day of the FTP launch, three vessels were registered under the “China Yangpu Port” flag, bringing the total to 80 vessels.
Forward-looking targets cited in a government development plan project throughput of 225 million tons and 12 million TEUs by 2035; these figures are expectations rather than confirmed outcomes.
Hainan Harbor and Shipping International Port Co is a port and shipping services enterprise involved in the operation and management of port facilities and logistics services in Hainan Province, with responsibilities spanning terminal operations, infrastructure coordination, and route network development.
Yangpu Port is the port complex located in Danzhou, Hainan, encompassing oil storage and container terminals and functioning as a logistics node serving domestic and international trade under China’s free trade port framework.
Source: Port News
