China’s growth forecast for its ports is expected to grow by an astounding 6% year-on-year by 2030, according to a report released by the Shanghai International Shipping Institute.
China’s international shipping volume is expected to reach over 6 billion tonnes in 2030, accounting for about 17% of the global total.
In 2030, China’s coastal shipping volume is projected to reach well over 3.3 billion tonnes, and its coastal container shipping volume around 116 million TEU, taking up nearly half of China’s total coastal transportation.
Cargo throughput at Chinese ports is anticipated double to exceed 25 billion tonnes in 2030, but the cargo mix will change greatly.
The report said: “Container throughput at Chinese ports will reach 505 million TEU in 2030 with an average annual growth rate of about 6%, which is ensured by the fast increase of container shipping along both the coast and inland rivers.”
The ranking of China’s top five ports is expected to be: Shanghai (52.68 million TEU), Qingdao (43.15 million TEU), Ningbo-Zhoushan (37.27 million TEU), Tianjin (32.3 million TEU) and Shenzhen (30.24 million TEU) by 2030.
Three to four super container hub ports are said to be in the pipeline, including Shanghai, Qingdao and Hong Kong.
More than 95% of China’s coastal ports will integrate resources with other ports in the cluster in the form of capital injection and strategic cooperation.
China is already acting to boost its portfolio of port activities, with the recent attainment of the right to manage Gwadar Port in China.
China Harbour Engineering Company has also announced that it will construct a US$600 million Free Port in Atuabo, Ghana.
(Source: Sea News)