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Chinese ports dominate the global shipping

The United Nations Conference on Trade and Development (UNCTAD) recently announced the top 10 ports by container volume in a report on global shipping in 2017. The Chinese ports include Shanghai (number 1), Shenzhen (number 3), and 5 more, all in the top 10. Singapore (number 2) and Busan (number 5) were high on the list as well, making it clear that Asian ports are the “core” of global shipping.

The overall volume of containers processed in 2017 increased by 4% in comparison with 2016 and reached 10.7 billion tons. The overall volume dropped to 7.9 billion tons in 2009 as a result of the financial crisis, but smoothly increased again afterwards. The 4% growth is estimated to continue in 2018, but the “Sino-American trade war” constitutes an unpredictable element.

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