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Iron ore imports shoot up 21.4% in Jan

ALMS
Updated: March 19, 2024

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At the Dalian Port Ore Terminal in Jinpu New Area, Dalian, unloading machines are operating at full capacity, aided by two automated conveyor belts for the smooth unloading of iron ore from cargo ships.

According to statistics, in January, the Dalian Port Ore Terminal imported 1.94 million tons of iron ore, marking a 21.4 percent year-on-year increase.

Since the beginning of this year, Dalian Port Ore Terminal saw substantial business growth with strong support from Dalian Customs. Over the years, Dalian Customs has implemented several facilitation services for imported iron ore, such as "pre-declaration", "consolidated tax collection", "optimized guarantee ratios" and "release before inspection". These measures have significantly cut clearance times for imported iron ore and improved port operation efficiency.

Currently, Dalian Port Ore Terminal has established a comprehensive transportation system integrating railways, highways, and waterways. Through sea-rail intermodal transportation and sea-land intermodal transportation, the port serves the entire Northeast China. Its waterway transshipment covers the Bohai Sea region and much of Northeast Asia, making it a crucial maritime iron ore transshipment hub in the Dalian Free Trade Zone.

As the first port in China to develop bonded area operations to blend iron ore, Dalian Port has witnessed thriving development in this business. The business has expanded to Japan, South Korea, and several Southeast Asian countries.