The Shanghai Port has made significant progress in its ongoing efforts to enhance the efficiency and sustainability of their port operations, with the groundbreaking of the Oscar Wing, a new facility that will significantly improve the port's operational capabilities.

The Oscar Wing is a new building designed to accommodate more cargo vessels and expand the port's capacity for international trade. It features advanced technology and automation systems that will enable the port to operate more efficiently and sustainably, while also reducing costs and improving safety standards.

The Oscar Wing is expected to be completed by the end of 2021 and will increase the port's throughput from current levels of about 5 million TEU (teu) per year to over 6 million TEU by 2030. This will result in significant cost savings for the port, as well as improved productivity and competitiveness for both domestic and foreign companies operating out of the port.

In addition to its operational benefits, the Oscar Wing will also have a positive impact on the local economy. By expanding the port's capacity and increasing the number of shipping lines passing through the port, the Oscar Wing will create jobs and stimulate economic growth in the surrounding area.

Overall, the Oscar Wing is a significant achievement for the Shanghai Port, and it represents a major step forward in their efforts to become a global leader in port operations. With this project underway, the port is well-positioned to continue its growth and success in the years ahead.