Shanghai Keeps Lead as World’s Busiest Container Port
- Business & Finance
China’s Port of Shanghai has wrapped up the year with a new record in the number of handled containers reaching 35.2 million milestone, Bloomberg reports.
Thus, the port managed to yet again surpass the volumes handled by its nearest box counterpart Singapore that amounted to 33.9 million.
This further broadens the gap between the two ports compared to last year’s numbers that saw a discrepancy of 1 million containers.
Compared to the last volumes from 2013, Shanghai International Port Group (SIPG) recorded a 27% increase in profit that totaled in USD 1.08 billion. SIPG’s revenue also increased by 1.9% year-on-year.
The prestigious title has been claimed by Shanghai in 2010 and has been held ever since.
Both ports have set sights on adding more capacity to their existing facilities as they started development of new port zones and terminals.
The decision has been triggered by a growing tendency to employ ever bigger containerships on world trade routes.
Shanghai port is comprised of Waigaoqiao port, Yangshan port and Wusong port.
World Maritime News Staff