Shanghai Storming Despite Dwindling Economy


China’s Port of Shanghai steamed ahead in January 2015 with container volumes reaching 3.16 million TEU for the month, despite China’s weakening economy.

According to the Journal of Commerce, this was a 5.3% year-on-year increase, and these figures reflected solid growth in both exports and transhipment cargo passing through its Yangshan Deepwater Port terminals.

Chinese shipping line executives have said that China’s slowdown was not expected to hurt their container volumes, a claim that was supported by the first month volumes at the Port of Shanghai.

Rising container exports are likely a result of shippers moving their cargo before the Chinese New Year factory shutdown in mid-February.

Shanghai held its place as the world’s busiest container port in 2014 with a throughput of 35.29 million TEU, a growth of 4.5% compared to 2013.

(Source: Gap Containers)

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