Container volume at eight major Chinese ports up 13.1% in early Nov

The container volume at eight major Chinese ports increased 13.1% year-on-year in early November.

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Export container volume increased 11.5%, while the inland container volume increased 18.3%, according to the statistics released by China Ports and Harbours Association.

Export container volume increased sharply in Yangtze river delta and Pearl river delta in early November, among which the ports of Shanghai, Guangzhou and Shenzhen all posted over 10% growth rate while Ningbo-Zhoushan’s saw a hefty 33% growth rate.

Cargo throughput at coastal hub ports recovered growth to 4.5% in early November compared to a decline of 5.5% in late October, and export cargo volume also increased 6.4%.

Crude oil shipments at major coastal ports dropped 5.8% while the port inventory increased 28.5%.

Metal ore shipments at major Chinese ports increased 0.6% year-on-year, while port inventory declined 1.4%.

Cargo throughput and container volume at the three major Yangtze river port, Nanjing, Wuhan and Chongqing both increased 20.3% and 13.4% respectively, especially the port of Wuhan, which reported a rapid growth rate of 43.9% and 58.3% for cargo throughput and container volume.