Topic “container traffic” — Exporter Magazine

Shanghai Port handled about 24 million TEU from January to October, surpassing Singapore to be the largest port in the world for three consecutive months in a raw, according to the Shipping Gazette citing figures from the Statistical Bureau of Shanghai. Ocean container carriers pulled around 100,000 20-foot equivalent units of capacity from the Asia to North Europe route during the Chinese vacation week as freight rates decline rapidly on weaker-than-expected cargo demand, according to the Journal of Commerce citing a report by Alphaliner. Due to the strong recovery of China’s imports and exports, the Port of Shanghai’s total container throughput in the first eight months of 2010 stood at more than 19 million standard containers, making it the largest container port in the world, according to People’s Daily.com.