Shenzhen January container volume falls 7.8pc to 1.93 million TEU

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TROUBLED by an export slowdown, the Port of Shenzhen's container volume fell 7.8 per cent to 1.93 million TEU in January, reports Xinhua, with throughput of laden boxes sliding 7.6 per cent to 958,322 TEU.

An unidentified official at Shenzhen's Shekou Container Terminal pointed out that there had been a shrinkage of consumer demand overseas, resulting in a weak Chinese export performance.

In addition, moving of more and more processing factories from Shenzhen into hinterland China combined with competition from neighbouring ports with lower prices also diminished Shenzhen throughput.

Another unidentified official from the China Merchants Western Shenzhen Terminals said Shenzhen was beset by uncertainty. Whether the port can maintain its leading status depends on whether Shenzhen can develop new competitive advantages, he said.

Source Shipping Gazette - Daily Shipping News
 

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