Author Name: Dion Suen

At the beginning of October 2020, the container throughput of China’s eight major ports increased by 18.4% year-on-year.

Ports such as Tianjin, Shanghai, Ningbo-Zhoushan, Xiamen, Guangzhou and Shenzhen all grew by more than 20%.

In early October, the export container throughput of the eight ports increased by 19.8% year-on-year, and the inland container throughput increased by 14.6% year-on-year.

The rapid increase in container traffic, at the same time, the reopening of the Pan Pacific route, soaring freight rates, and a shortage of empty containers in China’s major ports.

The cargo throughput of major coastal ports increased by 15.8% year-on-year, and the export cargo throughput increased by 23.1% year-on-year.

Crude oil shipments from major coastal ports continued to grow, with a year-on-year growth of 27.7%, of which Dalian Port increased by nearly 60%, and port inventory increased by 38.1%.

The shipment volume of metal ore in my country’s major ports increased by 21.2% year-on-year. Port inventory fell by 7.4%.

At the beginning of October, the cargo throughput of the three major Yangtze River ports in Nanjing, Wuhan and Chongqing decreased by 3.5% year-on-year, and the container throughput increased by 16.3% year-on-year.

 

Source: http://ow.ly/ZYKO50C8CEq

Jack Wan