Demand for logistics services in most Chinese container ports growing

The centre is part of the Chinese Academy of Sciences.

Seven of the world's top 10 container ports this year will be in China with Shanghai Port topping the list, the ‘Outlook of Global Top 20 Container Ports’ said.

The report predicted that the country will continue to play an important role in the stable development of the world's container ports and logistics.

It is expected that Shanghai will have a container throughput of up to 48.2 million twenty-foot equivalent units (TEUs) this year, a year-on-year (YoY) increase of 2.5 per cent, official Chinese media reported.

Although overall container volume at Shanghai will decline due to COVID-19 this year, the port's average daily operating volume will remain above 100,000 TEUs, according to the report.

Ningbo-Zhoushan Port, which is expected to rank third, will see a rapid rebound in total container throughput, likely reaching up to 33.4 million TEUs this year, an YoY rise of 7.5 per cent, the report said.

However, there may be a slower growth rate of total container throughput compared with that of last year, it added.

China's foreign trade rose by 8.3 per cent YoY to 16.04 trillion yuan ($2.38 trillion) in the first five months, said the general administration of customs. Its exports grew by 11.4 per cent on a yearly basis to 8.94 trillion yuan, while imports increased by 4.7 per cent from last year to 7.1 trillion yuan.

ALCHEMPro News Desk (DS)