The Port of Shanghai has broken its own monthly container handling record, becoming the first port in the world to handle more than four million TEU (twenty foot equivalent units) in a calendar month.
Shanghai, the world’s biggest boxport, handled 4.2 million TEU in October, up 15.7 per cent year on year, surpassing the record it set in July by 297,000 TEU.
“This shows the current strength of demand, but that might not last for many more months. We hear anecdotal reports of western ports somewhat melting down, but it appears that Shanghai – and the Asian ports generally – have the ability to rise to peak demand challenges,” CTI Consultancy’s Andy Lane told Singapore’s Splash 247.
Shanghai handled 43.3 million TEU last year, 6.1 million TEU more than second place, Singapore.