China’s Ningbo-Zhoushan Port has joined the exclusive ranks of four global mega-ports after handling a record 20 million TEU for the first time ever in the year 2015, according to the Journal of Commerce.
The record amount handled by Ningbo-Zhoushan is a massive result when looking at the struggle in global demand, which has put strain on China’s export sector.
The other ports involved in the scheme are Jiaxing, Taizhou and Wenzhou.
The Zhejiang government plans to invest around US$31 billion into the Zhoushan Islands, including the Port of Ningbo-Zhoushan.
A favourable geographical position, targeting transhipment cargo and its ability to handle mega-ships were cited as some of the main reasons for its 20 million TEU milestone.