Jaway Stainless Steel

China port volume in first 8 months up by 13pct

It is reported that China container throughput rose 12.6% to 106.8 million TEU in the first eight months of 2011 year on year as trade continued to grow steadily.

The Ministry of Transport said in a statement that domestic ports handled dry bulk cargo of 770 million tonnes between January and August up by 11.2%YoY.

The value of China imports surged 30.2% to a record high in August of USD 155.6 billion and exports rose 24.5% to USD 173.3 billion both grew more strongly than in the previous month.

Shanghai remained the country busiest port handling 61 million tonnes of cargo and 2.8 million TEU in August. Shanghai which surpassed Singapore as the world largest container port last year. Officials expect a 30 million TEU throughput by the end of the year.

The Maritime Safety Administration has recently allowed river vessels that conform to national standards to sail directly to Shanghai Yangshan deep-water port a move that could help accelerate the transfer of cargo.