HAIKOU, June 18. /TASS/. The Free Trade Port (FTP) in the southern Chinese province of Hainan has continued to enhance the efficiency of logistics and international trade through various institutional reforms. Following the initiation of special customs operations in the province, the number of vessels registered in Yangpu Port has risen significantly, while the clearance time for cargoes and vessels has decreased, Hainan Ribao reported.
According to the Yangpu Port ship registry administration, 94 vessels with a total tonnage of 4.97 million gross tons and a lifting capacity of 8.55 million metric tons have been registered so far. Since the initiation of customs operations on the island in December 2025, 21 new vessels have been taken under the port’s jurisdiction, exceeding the average annual figures from previous years.
The authorities note that the interest from shipping companies stems from a set of incentives, including preferential tax policies, refund of export VAT for shipbuilding, and facilitated customs clearance.
Since March, the One Declaration, One Clearance mechanism, that consolidates the operations of nine agencies, has been in effect in Hainan. The new system allows for the simultaneous processing of 33 administrative procedures related to vessel registration and commissioning, resulting in a reduction of clearance time by more than 70%. In certain cases, clearance is completed in just one business day. Streamlined ship registry procedures have stimulated growth in relevant sectors, including maritime insurance, financial services, arbitration, and fleet maintenance. Approximately 1,000 companies linked to shipping and logistics have already been registered in the Yangpu area.
