Container throughput at Port of Shanghai increased in October to 3.22 million TEU, representing a growth of 2.6% MoM and 5.2% YoY. The growth is marking the increasing demand related with the coming pre-Christmas sales and recovery of the container shipping market on Asia-Europe trade routes. The port is recovering from the bad start of the year and record low throughput. However, Shanghai is a beam of light into the country’s transport and export map, as the overall container turnover of Top 10 Chinese ports decreased during the reported period by 1.2% YoY to 13.2 million TEU.
Since the beginning of the year, in period January-October 2016, the container turnover at Port of Shanghai rose by 1.3% YoY to 30.2 million TEU. The container terminal is recovering, after the gap with last year’s figures for the first half was minus 0.8%.
The Port of Shanghai is the world’s largest and busiest container port in the world, which is located in the vicinity of Shanghai, comprises a deep-sea port and a river port. The Port of Shanghai faces the East China Sea to the east, and Hangzhou Bay to the south. It includes the confluences of the Yangtze River, Huangpu River and Qiantang River. The geographical location of the port makes it very important for the shipping and export of China.