Date
18 August 2017

Shanghai still container port leader, Xinhua says

Shanghai remained the world’s busiest container port in 2013 as it moved toward becoming a shipping center, the official Xinhua news agency reported Sunday. Container throughput rose 3.3 percent to a record 33.6 million TEU (twenty-foot equivalent units) last year, official data shows. Shanghai first became the world’s biggest container port in 2010 when it surpassed Singapore. Last year, Shanghai saw the opening of two-way traffic in the main channel of Yangshan Deepwater Port in October and the launch of of London’s Baltic Exchange, the main freight index provider, in September. The local transport authority said Shanghai will accelerate the development of the shipping sector this year on the back of its new free trade zone.

– Contact HKEJ at digest@ejinsight.com

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