Wuhan Port To Be Renamed As Hubei Provincial Port Group

The Wuhan port and shipping development group, which is the world’s largest independent port operator for Major dry bulk cargo, will be renamed as Hubei provincial port group.

Wuhan Port To Be Renamed As Hubei Provincial Port Group
Image Via: Wuhan Port Group

This is a part of China’s Hubei Province’s plan, to consolidate regional port assets and establish a provincial port group to manage and operate the port resources.

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To support the infrastructure construction and project development, it will be funded by a sum of CNY 1 billion ($156 million) this year, and on 2022, that is an increase of 23.9% from the year 2020.

It will also operate on 380 million TEU cargo, which is an increase of 9.8%. The new port group, would be the largest port operating along the Yangtze and Han river.

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