Ningbo-Zhoushan Still World’s Top Port
The Port of Ningbo-Zhoushan has retained its place as the world’s top port in terms of cargo throughput, registering 11.3% year-over-year growth.
Additionally, according to the Top 10 Ports in the World in Terms of Cargo Throughput in Q3 2017 ranking in Shanghai International Shipping Institute’s Global Port Development Report of Q3 2017, the ports of Shanghai and Singapore have held on to second and third place in the table respectively.
The Port of Tangshan jumped from sixth place last year to fourth place on the table this year, with the Port of Qingdao jumping one place, from seventh to sixth place, and the Port of Dalian moving up from 10th to ninth position.
However, the Port of Port Hedland dropped on the ranking, moving from eighth place last year to seventh place this year.
The ports of Tianjin and Rotterdam also fell on the table in comparison to last year, going from fourth to eighth place and ninth to tenth place respectively, with the Port of Tianjin registering negative growth of 12.5%.
The Q3 2017 report also noted that domestic-trade cargo throughput growth rates of Chinese ports has risen significantly, with China’s ports, above a designated size, collectively seeing a domestic-trade cargo throughput growth of 8.9% year on year in Q3 and the cargo throughput of domestic-trade maintaining high growth rates of more than 7% for three consecutive quarters since the start of 2017.
Import and export cargo throughputs of South Korean ports have displayed strong growth, with major ports in South Korea completing a cargo throughput of 385m tonnes in Q3 with a growing rate of 8.8% year on year.
Cargo throughput growth of European ports has remained stable, though the overall growth rate for major European ports in Q3 was 1.1%, down by 3.3 percentage points quarter on quarter.
However, American port container throughputs have displayed strong growth, with, among the major ports, the Port of Long Beach showing outstanding performance, registering double-digit growth rates year on year.
Conversely, Australian dry bulk throughput growth rates have slowed as a result of a decline in Chinese iron ore imports from the country.
Globally, throughput growth rates of global terminal operators increased in the third quarter overall, with all leading terminal operators in the world enjoying positive growth apart from COSCO Shipping Ports.
In Q3, the cargo throughput of major world ports rose by 6.4% year on year, a significant rise compared with Q3 2016, but the figure slightly fell quarter on quarter – though the growth was steady overall.
Major world ports completed a container throughput of 82.072m teu, with a year-on-year growth rate of 7.7%, up by 0.5 percentage points from Q2.
Source: Port Strategy