Shanghai expected to exceed 25.5 million TEU annual target

Time:2010-07-07 Browse:40 Author:RISINGSUN

PORT of Shanghai recorded a container throughput of 11.4 million TEU from January to May, up 18 per cent year on year, slightly surpassing the volume recorded in the same period in 2008 before downturn.

The port`s throughput is expected to be able to exceed the earlier prediction of 25.5 million TEU by the end of this year, Xinhua reported.


Shanghai`s throughput has carried a strong growth during this year thanks to the rapid increase in trade. During the first four months, Shanghai handled 208 million tonnes of cargo, up 21 per cent year on year. The port can do better than expected if it continues this growth throughout the year.


Coscon vice manager Chen Xiang said that the Europe and American trade lanes will see a healthy growth in cargo volume as retailers replenish their stock. He estimated that cargo traffic on these routes will be increasing at about seven or eight per cent for the whole year, while for the global container shipping market, cargo volume will grow at a rate of five to 10 per cent.


Shanghai`s box shipping rate is also increasing as traffic grows. The Shanghai Containerised Freight Index (SCFI) posted by Shanghai Shipping Exchange on June 4 hit 1,502 points, 35 per cent higher than in early this year.