Shanghai up 3.4pc in May to 2.9 million TEU, but slips from April growth
THE Port of Shanghai posted a 3.4 per cent year-on-year increase in container volume in May to 2.94 million TEU, but throughput was down from the four per cent April increase, according to data issued by the port operator.
China's exports are forecast to rise 7.3 per cent in May year on year, halving from April's 14.7 per cent increase, according to a Reuters poll. Imports are expected to rise six per cent in May, about a third of the growth experienced in April.
Shanghai overtook Singapore to be the world's busiest container port in 2010, surpassing 30 million TEU mark in 2011. It has maintained its top spot, finishing 2012 ahead of Singapore.
THE Port of Shanghai posted a 3.4 per cent year-on-year increase in container volume in May to 2.94 million TEU, but throughput was down from the four per cent April increase, according to data issued by the port operator.
China's exports are forecast to rise 7.3 per cent in May year on year, halving from April's 14.7 per cent increase, according to a Reuters poll. Imports are expected to rise six per cent in May, about a third of the growth experienced in April.
Shanghai overtook Singapore to be the world's busiest container port in 2010, surpassing 30 million TEU mark in 2011. It has maintained its top spot, finishing 2012 ahead of Singapore.