Shanghai port expected to overtake Hong Kong as second busiest port

January 24, 2007 by SwizStick  
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Via China Logistics News:

Shanghai handled 20% more cargo boxes last year and should pass Hong Kong as the world’s second-busiest container port this year. This after the second phase of the new US$16 billion Yangshan Deep-Water Port begins operating.

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Shanghai port handled 21.7 million 20-foot standard boxes in 2006. Hong Kong handled 23.2 million. But Shanghai is increasing at a rate of 21% a year; Hong Kong at 2.8%.

The same article also mentions that Shanghai International, who operates the port, took in a nice profit of US$380 million.

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