Asia to hold lead as world's port growth slows 7pc in 2012: Shanghai study

2012 03 07

THE latest report issued by Shanghai International Shipping Institute said that the world economic recovery is facing challenge brought by Euro-debt crisis. The world's port throughput growth this year is estimated to slow down to seven per cent.

But Asian ports will grow faster than those in the rest in the world with an increase at nine to 10 per cent. Shanghai and Ningbo are expected to have a steady growth at about 10 per cent.

The report points out that the emerging markets will account for an increasing percentage in the world trade. The gap of throughput growth between developed countries and developing countries will continue to widen this year. Rotterdam and Antwerp's growth is expected to be about five per cent.

In the meantime, growth gap between container and other kinds of cargo will narrow. Increase of containerised cargo will be about five per cent in the world and six per cent in Asia.

Last year, the world's throughput had an increase of 7.3 per cent, substantially down from 2010's 14 per cent. Chinese ports had brilliant results by taking up seven positions in the list of the world's top 10. Shanghai continues to stay as No 1 with a throughput of 720 million tonnes, up 10.3 per cent year on year. Ningbo-Zhoushan ranks second, Guangzhou is the fourth, followed by Tianjin. Singapore ranks at the third.

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. Far Eastern ports throughput kept a healthy increase while those in crisis-troubled western Europe were slowing down.

As for container throughput, Chinese port accounted for six in the world's top 10. Shanghai stays at the No 1 for the second consecutive year with 31.7 million TEU. Singapore ranked at the second with 29.9 million TEU. Hong Kong is the third with 24.2 million TEU. Shenzhen, Ningbo, Guangzhou and Qingdao are the fourth, sixth, seventh and eighth.

Source Shipping Gazette - Daily Shipping News

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