Shanghai crosses 40 million TEU milestone

Shanghai shatters global records with over 40 million TEU

Ports across China moved a total of 270.6 million TEU in the first 11 months of 2022, an increase of 4.2 per cent compared to the same period in 2021.

From January to November of 2022, the cargo volume of Chinese ports was 14313.1 million tons, a year-on-year increase of 0.7 per cent.

Shanghai registered once again the best yearly performance, securing its spot as the world’s busiest port with 43.19 million TEU moved last year.

This incredible performance comes as COVID-19 continues to sweep through China while the global supply chain is at high risk of bottlenecks.

Another notable figure is throughput volumes at Ningbo-Zhoushan Port, which reached new highs at 31.26 million TEU in the first 11 months of last year.

The port is the second in China to exceed the 30 million TEU mark in 2022, together with Shanghai.

The Ports of Yinkou and Dalian in the Liaoning Province showed the highest growth rate, both increasing nearly 20 per cent from the same period last year.

In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI) in November was quotes 828.3 points, representing a significant decrease of 18.5 per cent compared to October 2022.

From Ningbo to North America route, freight rate has fallen sharply, and the cargo demand has improved near the Chinese Spring Festival holiday.

At the end of last year, PTI ranked the busiest ports in China as part of its continued coverage of the top ports in the globe.

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