Shanghai port grows as trade shrinks
9 January 2009
Shanghai Port Shanghai port handled 28 million containers (TEUs) last year. Which means its throughput was up by almost 7% despite what could be described, with charity, a challenging market. The annual throughput was reported by China Knowledge Press, which announced that Shanghai had managed to hold on to its world No 2 container port status. Singapore has yet to officially release its own annual throughput figures. But the first 11 months saw 27.6 million TEUs passing through which means it is still firmly in the lead and will hold on to it 'leader-of-the-pack' ranking at number one position. More than 54 % of Shanghai's total volume came through Shanghai's Waigaoqiao Port which handled 15 million TEUs last year. Yangshan Deep-water Port handled 8.2 million TEUs as the last phase of its northern section was completed and became fully operational early last month. This added 2.2 million TEUs to its existing handling capacity. Shanghai's total container throughput was 26.1 million in 2007. Will Shanghai move into the top spot. This year will be challenging but there seems to be little doubt that Shanghai is just withing grasping distance of the title.
Source: CargoNews Asia
