-2.6 C
Hamburg
Thursday, February 9, 2023
Home Port News Ningbo closing in on Singapore as world's second largest container port

Ningbo closing in on Singapore as world’s second largest container port

Singapore is now facing the possibility of being overtaken by China’s Ningbo-Zhoushan port as the world’s second-busiest container port, 12 years after losing its crown as the world’s busiest box port to Shanghai.

Alphaliner’s latest report on 21 September noted that Ningbo-Zhoushan handled 17.54 million TEU in the first half of 2022, just 1.08 million TEU less than Singapore, as the three-month lockdown of Shanghai caused substantial diversion of Transpacific cargoes to Ningbo-Zhoushan.

Alphaliner observed, “Indeed Ningbo-Zhoushan even overtook Singapore in Q2 though figures were undoubtedly boosted by the extraordinary Shanghai lockdowns in April and May. Ningbo-Zhoushan has benefited from restrictions at its lock-down hit neighbour Shanghai, with many carriers diverting ships to avoid delays and trucking issues.”

Ningbo-Zhoushan continued to grow in July, at 3.28 million TEU, up 26% from the year before, even as volumes bounced back at Shanghai. Overall, Shanghai posted a decline of 1.8% over H1 2022 to 22.54 million TEU, while Ningbo-Zhoushan logged growth of nearly 9%.

China’s eight ports represented 53% of total throughput for the leading 20 ports in the period, a figure that is likely to grow further as the country funnels traffic towards a smaller number of hub ports.

As of July, Ningbo-Zhoushan had 301 container services calling, while July marked the fourth consecutive month its throughput exceeded 3 million TEU. More widely, continued port growth - even if modest - contrasts with the drop in carrier volumes seen this year.

Collectively, liftings for Maersk, CMA CGM, COSCO, ONE, ZIM and HMM dropped to 50.9 million TEU in H1 2022, a decline of 5.5% versus the same period in 2021, and diverging from the 1% increase in port throughput.

Alphaliner explained, “Higher transshipment activity may be partially distorting growth figures since cargoes re-routed due to port congestion eventually create extra load and discharge moves that are not indicative of actual volume growth on a specific trade lane.”


Martina Li
Asia Correspondent

Latest Posts

Record 112 million tonnes Indian wheat harvest not seen benefitting global supplies

"India is heading for the highest wheat harvest on record of 112 million tonnes this spring. However, exports will likely be limited in the...

Husky Terminal joins ICHCA

The International Cargo Handling Coordination Association (ICHCA), a global association representing cargo handling companies, welcomes Husky Terminal and Stevedoring as a new corporate member. Husky...

2M alliance break-up reshuffles deck for Transpacific market

The upcoming break-up of the 2M alliance is going to lead to a change in the competitive makeup of the deep-sea networks, according to...

Port of Gothenburg CEO moves to Swedish shipping company

Elvir Dzanic, CEO of the Gothenburg Port Authority, formally submitted his letter of resignation on 7 February and intends to continue leading the Swedish...

MEDPorts Association appoints new leadership

The MEDPorts Association has announced that Pino Musolino, president of Port System Authority of Central Northern Tyrrhenian Sea – Port of Civitavecchi, has been...