Rugao Port reports 41.5 percent growth in bonded logistics
A ship berths at Rugao Port in Nantong. [Photo/ntfabu.com]
Imports and exports at the bonded logistics center of Rugao Port, Nantong were valued at $107 million, an increase of 41.5 percent year on year, according to Rugao Port Group.
The center, which started operating in July 2016, is now involved in multiple business areas, including bonded warehousing, bonded logistics, and simple processing.
It is currently home to the largest collection and distribution center of marine lube oil in China, one of the largest coffee logistics center in East China, and one of the largest wine logistics centers in Jiangsu province.
CHIMBUSCO Marine Bunker (Nantong) Co moved to the area in July 2018 and mainly supplies the market in the middle and lower reaches of the Yangtze River.
The company currently occupies 25 percent of the marine lube oil market in China, according to Yuan Hao, a spokesperson for the company.
Located near the oil warehouse is the collection and distribution center for imported wine. It has been operating in the area for five years and processed more than six million bottles of wine in 2019.
"Currently, 95 percent of the bonded warehouses at the bonded logistics center are in service," said Xie Haibo, the center's general manager. "Next, we plan to expand our involvement in cross-border e-commerce and provide high-quality and low-cost services for inland foreign trade companies."