Thursday, 5 March 2009

Chinese port volumes shrink in February;jsessionid=8E99C95A7CE74C9B22E9890EBA077544

MAJOR Chinese ports, including Shenzhen and Shanghai, saw volumes continue to deteriorate in February as the country sees no sign of export recovery.

Big brother port Shanghai recorded another double-digit shrinkage in volumes in February. The world’s second-busiest boxport handled 1.5m teu in February and 1.9m teu in January this year, representing year-on-year declines of 19% and 17% compared to the same months last year, according to Shanghai International Port Group.

Meanwhile, neighbouring port Ningbo port even saw throughput dive deeper in February. Ningbo port said it handled 1.4m teu in the first two months of this year, down 14% from the same period last year. The decline in monthly box volumes has widened from 5% in January to 23% in February.

Shenzhen port, the nation’s second-largest container port, also saw box volumes fall by 21% in the first two months of this year.

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