China's Shanghai Port on Track to Stay World No.1

The Port of Shanghai posted a 4.3 per cent increase in container volume in November year-on-year to 2.94 million TEU, according to figures from Shanghai International Port Group (SIPG) reports the Shipping Gazette.

Throughput of the entire port of Shanghai is expected to hit 33.5 million, enabling it to stay as the world's largest container port for the fourth consecutive year, according to Shipping Gazette, citing a Xinhua report.

November 2013 box volumes also increased 4.6 per cent to 2.81 million TEU over October's throughput. In the first 11 months, Shanghai posted a 3.9 per cent year-on-year volume increase to 30.92 million TEU, closing in on last year's full-year total of 32.53 million TEU.

Thanks to the newly-established Shanghai Free Trade Zone, Yangshan terminal's river-sea transshipments have been growing and is now taking up more than 40 per cent of its total transshipment volume.

Source: Shipping Gazette