Container volume at major Chinese ports jumped 18.4% in October

China's western land-sea freight volume surges in the first nine months

 

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.

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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