Xiamen box volume up 10.7pc to 5.13 million TEU in first nine months

CHINA's south eastern Port of Xiamen has posted a 10.7 per cent increase in container volume during the first nine months of 2012 year on year to 5.13 million TEU while overall cargo went up 7.4 per cent to 126 million tonnes, reports Xinhua.

Xiamen, the major port of Fujian province across from Taiwan, was given the go ahead from the China State Council to take part in the pilot scheme of port of origin tax rebate, Xinhua reports.

If a port participates in the port of origin tax rebate scheme, shippers who choose to ship their cargo through that port to foreign ports will receive a tax rebate the moment their shipments leave the port. This policy is supposed to attract cargo.

Fujian province plans to use the Port of Xiamen for field testing such schemes in international shipping, having won approval from Beijing.