Shangai becomes the first port to handle more than 4M TEU in a month
Shanghai has broken its own monthly container handling record, becoming the world's first port to handle over 4 million TEUs in a calendar month.
“This shows the current strength of demand, but that might not last for many more months. We hear anecdotal reports of western ports somewhat melting down, but it appears that Shanghai and the Asian ports generally – have the ability to rise to peak demand challenges,” stated Andy Lane, Singapore-based container shipping advisory CTI Consultancy.
In October, Shanghai, the world's largest boxing export, handled 4.2 million teu, up 15.7 percent year-on-year, shattering the monthly record it had set at 297,000 teu in July. The news from Shanghai comes as in recent months, liners have enjoyed record rates on many tradelanes out of China.
Last year, Shanghai handled 43.3 m Teu, a commanding 6.1 m Teu lead over Singapore in second position.
Maritime Business World