Greg Miller
Sunday, February 27, 2022
Just how extreme is China’s lead in the container port business?
The container port business is booming and the big are getting bigger, particularly in China.
The container port business is booming and the big are getting bigger, particularly in China.
Trans-Pacific traffic snarl is bicoastal: More container ships waiting off Shanghai and Ningbo than Southern California.
Ocean carriers adjust to the partial port closing in Ningbo, China, with minimal disruption so far. Operations could soon return to full speed if COVID remains at bay.
China’s ports have handled just under 4.3 billion tons of cargo between January to April. The country’s main seaports have also handled 82.3 million TEU.
Aside from Lunar New Year slowdown, world’s biggest exporter reports ongoing volume growth despite concerns over trade slowdown.