Just how extreme is China’s lead in the container port business?

Date: Monday, February 28, 2022
Source: Freightwaves

China is the world’s largest exporter of containerized goods, produces eight of every 10 new containers, is the leading builder of container ships and operates the fourth-largest liner company. It should come as no surprise that China overwhelmingly dominates the global container port rankings — and with ocean trade now surging, that its port tally has reached a new peak.

Alphaliner published its annual rankings of the world’s top 30 container ports by volume last week. Of the top 10, nine are Asian, including seven in China: Shanghai, Ningbo-Zhoushan, Shenzhen, Guangzhou-Nansha, Qingdao, Tianjin and Hong Kong.

The top 30 ports handled 450 million twenty-foot equivalent units in 2021, up 6.5% year-on-year. In 2020, the first year of the pandemic, growth was just 0.6%.

Asian megaports, which long ago left their competition in the dust, accounted for 77% of last year’s top-30 total, with China alone handling almost half: 47%. Long-reigning champion Shanghai “continued to build its lead” and “has now opened up a gap of nearly 10 million TEUs on its nearest competitor, Singapore,” said Alphaliner.

Trailing far behind are ports in Europe, handling 12% of the top 30 ports’ volumes, the U.S. with 8% and the Middle East with 3%. The U.S. has three ports on the leaderboard: Los Angeles/Long Beach at No. 10, New York/New Jersey at No. 18 and Savannah, Georgia, at No. 28.

Comparing the latest rankings to those a half-decade ago reveals how the world’s largest ports have maintained their dominance over time.

 

[Read from the original source.]