Container volumes at major Chinese ports declined 1%
The container volume of eight major Chinese ports declined by 1% during the first ten days of June, close to the same amount as in 2019.
According to statistics released by China Ports and Harbours Association, the amount of container cargo continues to recover at the beginning of June but is still stuck in low production. The cargo volume is expected to increase in July with the resumption of production in the overseas markets.
The shipments of crude oil at major coastal ports increased 13.3% year-on-year as oil prices remained low. The growth rate of the port of Qingdao, the port of Yantai and the port of Dalian exceeded 10%, but storage capacity of many ports is near saturation.
The metal ore shipments at major ports increased 11.2% year-on-year while inventory volume declined 14.2%.
Maritime Business World