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China's top 20 container ports register 8.7pc growth in July

Edit: SDI Logistics Co.,Ltd    Date: Aug 25, 2017

CHINA's top 20 container ports have gained momentum in growth with volume in July up 8.7 per cent year over year, building on the 7.5 per cent growth in container volumes in the first half of the year.


A large part of the growth was due to US imports which rose 7.6 per cent year over year in July to 1.8 million TEU, according to PIERS, as reported by IHS Media.


Despite that growth and reports of record container volumes at US ports that month, spot rates on the trans-Pacific have moved in a narrow range.


The acceleration comes after the Chinese economy beat expectations for GDP growth in the second quarter, as GDP rose 6.9 per cent.


The country's top 10 container ports, which include Shanghai and Ningbo-Zhoushan in the Yangtze River Delta; Shenzhen and Guangzhou in the Pearl River Delta; and Qingdao and Dalian in the northern Bohai Rim, together handled a combined 15.6 million TEU in July, up 7.4 per cent from the 14.47 million TEU handled in July of 2016.


The top 10 box ports by TEU volume were: Shanghai, 3.44 million TEU; Shenzhen, 2.34 million TEU; Ningbo-Zhoushan, 2.18 million TEU; Guangzhou, 1.78 million TEU; Qingdao, 1.55 million TEU; Tianjin, 1.37 million TEU; Xiamen, 9.46 million TEU; Dalian, 8.91 million TEU; Yingkou, 5.1 million TEU; and Suzhou at 5.15 million TEU.


The Pearl River Delta port of Guangzhou was the top performing port in growth terms in July, with year-over-year throughput up by 14.3 per cent compared with July of 2016. A new international logistics centre is to be built at Nansha as part of its efforts to attract more cargo and shipping lines to the port.


Throughput at Shanghai, the world's busiest container port, also grew strongly in July, rising 5.2 per cent year over year.


Figures from the Ministry of Transport indicate that foreign trade volume through the country's top 30 ports reached 343 million tonnes in July, 7.3 per cent more than the same month in 2016.