Shenzhen container throughput slows

July 17, 2008 by SwizStick  
Filed under China, QuickNews

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Via Lloyd’s List:

The world’s fourth busiest and China’s No.2 container port handled 10.2m teu in the first six months of this year, 7.2% higher than the same period last year, according to initial figures from the Shenzhen transport bureau.

The transport bureau attributed the slower pace of growth to shrinking US export volume and a 5% fall in throughput in the eastern Yantian container terminals to 4.3m teu.

Chiwan and Shekou located in western Shenzhen and operated by the China Merchants Group, fared better. Chiwan and Shekou handled 3m teu and 2.8m teu, respectively, representing increases of 9% and 30%.

There are 13 more international services calling at Shenzhen this year so far, most of them intra-Asia services. However, more than 100 port calls has been cancelled on North America route, said the bureau.

Guangdong province, the major manufacturing base for exports in southern China, has been hit hard by weak demand from North America, a big cut in tax rebates and more stringent environmental and labour policies.

Hat tip to World Trade Magazine.

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