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            october 23, 2019

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Busworld 2019

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Asian ports will grow faster: Shanghai study


According to the latest report by Shanghai International Shipping Institute, while world port throughput growth this year is estimated to slow down to seven per cent, Asian ports will grow faster than those in the rest of the world, with the increase estimated at nine to 10 per cent.
The report points out that emerging markets will account for an increasing percentage of world trade and that the gap in throughput growth between developed countries and developing countries will continue to widen this year.
In the meantime, the growth gap between container and other kinds of cargo will narrow. The rise in containerised cargo will be about five per cent globally and six per cent in Asia, the report projected.
Last year, global throughput had increased 7.3 per cent, substantially down from 2010's 14 per cent. Chinese ports took up seven positions in the list of the world's top 10.
Boosted by fast-growing trade in emerging markets, the world’s container shipping volume managed to maintain a rapid increase of 9.4 per cent last year. Throughput at Far Eastern ports kept a healthy increase while those in troubled Western Europe are slowing down, the report said.
As for container throughput, Chinese ports accounted for seven in the world’s top 10, led by Shanghai, Singapore, Hong Kong, Shenzhen, Ningbo, Guangzhou and Qingdao, according to Exim News Service.

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