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Business

Shanghai port unveils plan to become global maritime services hub

The Port of Shanghai, already the world's busiest container port, has announced a five-year plan to strengthen its shipping-services sector and compete more directly with established hubs such as Hong Kong, Singapore, and London. The plan focuses on using artificial intelligence and automation to improve efficiency, while also expanding into value-added services including financing, insurance, and legal support. Shanghai is China's main gateway for trade and has long led in cargo volume. Now it aims to move beyond just handling goods to offering a full range of maritime services. The initiative is part of a broader strategy to transform from the largest port to the best in terms of service quality and innovation. By adopting advanced technologies, the port hopes to attract more business and cement its position in global trade. The plan does not provide specific targets or investment figures but outlines a clear intention to challenge competitors that have traditionally dominated high-end maritime services. Other major ports are likely to respond as competition in the sector intensifies.

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