Core Insights - The Xiaoyangshan North Operation Area project has made significant progress, with land reclamation work completed and the construction of the terminal officially underway [1] - The project aims to establish the largest single automated terminal in Shanghai Port, enhancing its position as the world's leading container port [1][4] Group 1: Project Overview - The Xiaoyangshan North Operation Area will add 6,100 meters of new coastline, including 5,500 meters for container terminals, with a design capacity of 11.6 million TEUs annually [1][2] - The project is considered one of the largest water transport projects in China's history, involving 100 million cubic meters of dredged soil [2] - The total investment for the project is expected to exceed 100 billion yuan, with over 6 billion yuan already invested by the end of 2024 [2] Group 2: Construction Details - The project is divided into four sections: West 1, West 2, Central, and East, with West 1 progressing the fastest and expected to be completed by the end of next year [2][3] - A 7,500-meter-long breakwater will be constructed to improve the construction environment and serve as a barrier for the terminal [3] - Innovative "large barrel" foundations will be used for the breakwater, which is a first in offshore terminal construction, designed to minimize ecological disruption [3] Group 3: Operational Strategy - Research is underway for an integrated operational plan for both the northern and southern sides of Xiaoyangshan, aiming for resource optimization and enhanced operational efficiency [4]