Yangtze river port see container volumes rising with 44% y-o-y

Container volume at eight major Chinese ports maintained strong growth in early March with a 14.5% increase year-on-year, according to the statistics released by China Ports and Harbors Association.

Export container volume increased 13.8% while the domestic volume increased 16.7% in early March. Among which, the port of Shanghai and Shenzhen posted a growth rate of over 20% for export containers. In March last year much of China remained in lockdown due to the onset of the Covid-19 pandemic.

Cargo throughput at major coastal hub ports increased 10.4% year-on-year while the international trade cargo throughput increased 12.2%.

Crude oil shipments at major coastal ports increased 17% year-on-year while the port inventory declined 12%.

Metal ore shipments at major Chinese ports increased 27.8% year-on-year, among which the port of Ningbo-Zhoushan, Tianjin and Rizhao posted over 30% growth rate. Port inventory increased 3.2%.

Cargo throughput and container volume at the three major Yangtze river ports, Nanjing, Wuhan and Chongqing, increased 44% and 31.4% year-on-year respectively.

The export cargo transportation demands from the region was recovering and posted a growth rate of 16.6%.

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