Shanghai sees setback losing almost 9 per cent

Shanghai sees setback losing almost 10 per cent

During the first two months of 2023, container throughput at ports in China experienced a year-on-year rise (YoY), while Shanghai’s growth rate decreased from its previous record levels.

From January to February 2023, the container throughput of Chinese ports was 44.1 million TEU, up by 1.3 per cent compared to the same period in the previous year.

Meanwhile, Chinese ports handled a total of 2418.8 million tons of cargo during the same period, representing a year-on-year increase of 2.6 per cent.

READ: China ports container volume rises in 2022

© Ministry of Transport of the People’s Republic of China

The 12 major ports in China have seen an overall increase in both cargo throughput and container throughput.

The Port of Shanghai, however, registered an 8.6 per cent YoY decline in TEU volumes, standing at 7.46 million from January to February of this year.

Beibu Gulf Port in Southern China’s Guangxi Zhuang Autonomous Region witnessed the highest YoY growth, moving 1.08 million TEU during the accounted period – a 23.5 per cent increase since last year.

READ: Multimodal trade corridor boosts Beibu Gulf Port

The 2022 calendar year was a significant one for the maritime industry, particularly in China. PTI took on the responsibility of counting down the top 10 Chinese ports in 2022.

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