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Ningbo port little affected by trade war as it mostly deals with EU

THE Port of Ningbo has managed to avoid much of the damage of the US-China trade war by having the good fortune of doing most of its business with Europe, reports Mumbai's Free Press Journal

Ningbo port little affected by trade war as it mostly deals with EU

THE Port of Ningbo has managed to avoid much of the damage of the US-China trade war by having the good fortune of doing most of its business with Europe, reports Mumbai's Free Press Journal

04 December 2019 - 19:00

THE Port of Ningbo has managed to avoid much of the damage of the US-China trade war by having the good fortune of doing most of its business with Europe, reports Mumbai's Free Press Journal.

'Our company has been affected slightly by what has been happening with the US. But that has not led to a decrease in business as businesses have been growing,' said a Ningbo port spokesman.



He added that the Ningbo Zhoushan Port Co mostly has long-term agreements with its partners. 'This port enjoys the largest throughput, making it the number one port in throughput for 10 consecutive years,' he said.



Ningbo with a draft of 20 metres, has witnessed 300 million dwt of shipping and is the only port in China that can accommodate the ships of above 100,000 dwt in China, said the report.



Ningbo's raw tonnage is mostly liquid and dry bulk, but its container throughput for Ningbo Zhoushan port stood at 26.3 million TEU in 2018. 'But by the end of 2019, there is some good growth expected.'


WORLD SHIPPING

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