Rebound in container and cargo traffic in Shanghai
October 31, 2012 Category Logistics, Ports & sea transport
The ports of Shanghai, Ningbo and Shenzhen defied international gloom to surprise analysts with a strong rebound in cargo and container throughput last month. Shanghai, the world’s busiest port, processed 2.91 million TEU in September, a record month for the facility, according to the Shanghai International Port (Group), the city’s port operator. The container volume was a 5.6% increase on the same time last year, following year-on-year falls in August and July. September’s throughput was also 11.6% higher than that of August. Shanghai’s cargo throughput rose 10.1% year-on-year to 44.42 million tons last month. Ningbo processed 20% more containers, or 1.59 million TEU, in September compared with the same time last year. Its cargo throughput soared 23.5% to 40.8 million tons. The ports of Mawan and Chiwan in west Shenzhen posted a 5% year-on-year rise in container throughput, after suffering a 7% decline in the first eight months of the year, JPMorgan Analyst Karen Li said. Part of the reason for Shanghai and Ningbo’s strong performance was bad weather in July and August, which hurt trade in the Yangtze River Delta where the two ports are located, she said. Despite the bullish data, Sunny Ho, Executive Director of the Hong Kong Shippers’ Council, remains pessimistic about trade in the Pearl River Delta. “Manufacturers in the Pearl River Delta are not seeing any encouraging signs. The worst time for them will be the first quarter of 2013,” Ho said. Industry analysts attributed the cargo volume recovery to Christmas orders placed by retailers in Europe and the United States, and export boosting measures adopted by the Chinese government.
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