China ports announce 19.8% export volume increase in 2020
The container volume at eight major Chinese ports increased 18.4% year-on-year in early October 2020 compared to the same period of last year.
The ports of Tianjin, Shanghai, Ningbo-Zhoushan, Xiamen, Guangzhou and Shenzhen all posted a growth rate of over 20%.
Export container volume of the eight ports increased 19.8% year-on-year while the inland container volume up 14.6% in early October.
The surge in container volumes coincides a reinstatement of blanked services on the transpacific, a surge in freight rates, and a shortage empty containers at major Chinese ports.
Dalian ports posts record growth rate with 60%
Cargo throughput of major coastal ports increased 15.8% year-on-year, and export cargo throughput increased 23.1%. Crude oil shipments at major coastal ports kept increasing and posted a growth of 27.7% year-on-year, among which the port of Dalian posted nearly 60% growth rate, while the port inventory increased 38.1%.
Metal ore shipments at major Chinese ports increased 21.2% year-on-year. The port inventory declined 7.4%. In early October, cargo throughput at the three major Yangtze river ports, Nanjing, Wuhan and Chongqing declined 3.5%, and the container volume increased 16.3% year-on-year.
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