Despite volume decline, Shanghai still world's biggest box port

THE Shanghai International Port Group (SIPG) posted a container throughput of 22.55 million TEU in the first half, declining 1.7 per cent due to Covid lockdowns, reports Britain's Seatrade Maritime News.


Among three major port areas of Yangshan, Waigaoqiao and Wusong, Yangshan posted a container throughput of 11.814 million TEU, accounting for 52.4 per cent of the port's container volume.


Port operations have been affected by local Covid lockdowns in the first half and external factors including Russia-Ukraine warfare and overseas port congestion.


But the quick resumption of production at Shanghai port and Yangtze River delta had provided powerful guarantee for container cargo resources and transportation, said SIPG.


Overall cargo throughput of Shanghai was 243 million tons in the first half, also dropped 9.9 per cent year on year.


In H1, SIPG achieved CNY10.8 billion (US$1.56 billion) net profit, an increase of 24 per cent year on year, hitting a new high.


Starting from 2010, Shanghai port had retained the crown as the world's busiest container port for 12 consecutive years.


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Despite volume decline, Shanghai still world's biggest box port
Despite volume decline, Shanghai still world's biggest box port