Shanghai maintains global leadership in container shipping with 3.6% growth

Shanghai maintains global leadership in container shipping with 3.6% growth

This significant growth underscores the port's key role in global trade, with the Yangshan port area a major contributor.

Shanghai, China's prominent port city, has maintained its position as the world's busiest container port in 2023. As reported by Seatrade Maritime News, Shanghai saw a 3.6% increase in container volumes last year, further cementing its status in global trade.

The Port of Shanghai is set to achieve a record throughput of more than 49 million twenty-foot equivalent units (TEUs) in 2023, an increase of 1.7 million TEUs on the previous year. This growth underscores the port's vital role in international trade and the handling of large volumes of cargo. Much of Shanghai's success can be attributed to the Yangshan port area, which accounted for 51% of the total throughput last year. Yangshan alone handled 25 million TEUs, an increase of 4.6% from the previous year.

Davies Turner notes that Shanghai's extensive connectivity plays a crucial role in its success. The port offers more than 300 weekly container shipping services, linking Shanghai to more than 700 ports worldwide. This extensive network facilitates a seamless flow of goods and services, enabling Shanghai to maintain its leading position in the global maritime industry. Shanghai's achievement as the world's busiest container port reflects the growing importance of Asia, and China in particular, in the global supply chain and trade dynamics. The port's continued expansion and modernization efforts are expected to further enhance its capacity and efficiency.

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