Shanghai remains world’s busiest container port with 36.54m teu in 2015

By Finance

China’s Shanghai port has retained the number one spot as the world’s busiest container port after recording a 2015 throughput of 36.54m teu, according to figures released by Shanghai International Port (Group) Co (SIPG).

Shanghai remains world’s busiest container port with 36.54m teu in 2015

Last year’s box volumes of 36.54m teu represented a 3.5% improvement from the 2014 throughput of 35.29m teu.

While the port of Singapore, Shanghai’s closest rival, has yet to published its 2015 throughput, the Southeast Asian port posted volumes of 28.41m teu in the first 11 months of last year, making it impossible to beat Shanghai as it would need a December throughput of 8.14m teu.

In December 2015, Shanghai moved 3.07m teu, an increase of 5.9% compared to 2.9m teu handled in the same period of the previous year.

Meanwhile, port operator SIPG reported a net profit of RMB6.5bn ($988.7m) in 2015, a decline of 4% compared to the gain of RMB6.77bn in 2014.

Revenue for last year, however, rose by 2.5% year-on-year to RMB 29.5bn.

Source: www.seatrade-maritime.com