China is set to become the world's largest market for containerised cargo within eight years and will have to invest more than US$20 bill in port-related infrastructure to serve the industry, according to a United Nations report.
The report - Regional Shipping and Port Development Strategies Under a Changing Environment - by the Economic and Social Commission for Asia and the Pacific (ESCAP), says Asia will produce the majority of the world's containerised exports by 2011 - 51 percent compared with 46 percent in 1999. At the same time, the region's share of containerised imports will increase 4 percent to 44 percent....
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This complete item is approximately 300 words in length, and appeared in the February 2003 issue of WorldCargo News, on page 8.
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