China to reach 100-million TEU mark in 2008

That’s a lot of containers:

China will reach the magic 100 million TEU mark this year. (For the record a TEU is a Twenty foot Equivalent Unit or a sort of standard container. One 40 ft. Container (FEU) is equal to two TEU’s.) It recorded 72 million TEUs in the first eight months of this year. Last year it was 93 million TEUs.

Wang Qingyun, director general of the Communications and Transport Department of the National Development and Reform Commission, said, ‘There is no doubt that the total China container throughput will exceed the 100 million TEU mark this year.’ He said ‘China container cargo is still in the fast lane due to strong demand’.

Hat tip to World Trade Magazine.