Port of Shanghai marked another high record container throughput during 2019, handling 43.3 million TEUs. Namely, the port noted a 3% increase in its cargo throughput, in comparison with the 42.01 million TEUs of 2018. This is the 10th year in a row that the port maintains its top position as the busiest container port in the world.
China’s first Cruise Tourism Development Demonstration Zone was launched in the Baoshan, in order for the latter to further develop for cruise and tourism operations. Shanghai considered the development of the cruise economy to be important, in order to be established as an international shipping centre.
UNCTAD placed the Shanghai port first in 2019 ranking of the world’s best-connected ports, that was published on August 7. The Shanghai port garnered a connectivity score of 134 points, followed by the ports of Singapore (124.63 points), Pusan (114.45 points) in Korea and Ningbo (114.35 points), also in China.
Shanghai will establish a demonstration zone for cruise tourism, approved by China’s Ministry of Culture and Tourism, the municipal authorities said Tuesday. This comes in line with the city’s plans to set itself as a hub for cruise tourism.
The Shanghai Development and Reform Commission is planning to issue a tender for developing 200MW of capacity at the Fengxian offshore wind farm by the end of 2019. The wind farm will be located in the north side of Hangzhou Bay. The offshore wind farm will be developed about 12 kilometres off the coast, and will consist of four blocks. The tender is covering the two eastern blocks.
China had six of the world’s 10 largest container ports in 2018, stretching from its north to the south. This is the result of China’s 1 trillion yuans investment since 2012, aiming to enhance the facilities in the country’s ports. What is more, China’s external trade, including both imports and exports, increased to US$4.55 trillion last year, which marks a rise of around ten times since joining the WTO.
Busan Port Authority highlighted that its regular container cargo services increased five times to 268 during February 2018. The figure was based on the database q-from the global analysing institute, Alphaliner. In 2015 the number of its weekly cargo services was 257, in 2016 was 268, whereas it declined in 2017 in 253 because of the bankruptcy in Hanjin Shipping.
The Port of Shanghai will collaborate with the Port of Ningbo to develop the northern part of southeast China’s Xiao Yangshan port area. Namely, Shanghai International Port Group and Zhejiang Seaport Investment & Operation Group, the operators of the two ports, agreed on the development scheme. The move aims to advance the efficiency of cargo transit on the Yangtze River and lead to lower costs.
Drewry focuses on the World Container Index, which is a composite of container freight rates on 8 major routes to/from the US, Europe and Asia and is increased by 0.7% to $1,765.58 per 40ft container. The composite index is up by 0.7% this week, similarly, 20.5% up as compared with same period of 2018.
China’s Shanghai International Port Group continues leading the way as the world’s busiest container port for a ninth year in a row. The port reached the 42.01 TEUs container throughput in 2018, experiencing an increase of 4% in comparison to 40.23 TEUs that were recorded during 2017.
