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Shanghai container traffic ebbs in Q1
By Ding Yining |
April 11, 2012, Wednesday
|
Online Edition
Online Edition
SHANGHAI International Port Group, the city's port operator, said it handled 7.54 million twenty-foot equivalent units of container goods in the first quarter, a slower growth rate than that of a year ago.
Industry officials have warned of the slowing of growth of container throughput at Shanghai port this year, as port turnover will be hurt by sluggish trade owing to the European debt crisis and weak demand.
Dry bulk cargo throughput in the first three months this year was 120.9 million tons, the port operator said in a statement on its website yesterday.
In the first quarter of 2011, container throughput added 12.3 percent year on year.
Chairman Chen Xuyuan of SIPG said in March that container turnover will add 3-5 percent annually this year and the shipping industry will face cost pressures and excess supply.
The city's port authority said in early March that Shanghai port has set a target to handle 33 million twenty-foot equivalent units of container goods this year.
Shanghai overtook Singapore as the world's biggest container handler in 2009, and the city has adopted a string of policies to blow wind in the shipping industry's sails – including a business tax exemption on international shipping revenues for shippers registered at the Yangshan Deep-Water Port.
Industry officials have warned of the slowing of growth of container throughput at Shanghai port this year, as port turnover will be hurt by sluggish trade owing to the European debt crisis and weak demand.
Dry bulk cargo throughput in the first three months this year was 120.9 million tons, the port operator said in a statement on its website yesterday.
In the first quarter of 2011, container throughput added 12.3 percent year on year.
Chairman Chen Xuyuan of SIPG said in March that container turnover will add 3-5 percent annually this year and the shipping industry will face cost pressures and excess supply.
The city's port authority said in early March that Shanghai port has set a target to handle 33 million twenty-foot equivalent units of container goods this year.
Shanghai overtook Singapore as the world's biggest container handler in 2009, and the city has adopted a string of policies to blow wind in the shipping industry's sails – including a business tax exemption on international shipping revenues for shippers registered at the Yangshan Deep-Water Port.
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