From January to October 2024, Chinese ports handled a total of 276.4 million TEUs, reflecting a 7.6% year-on-year growth.

In October, Shanghai Port recorded a container throughput of 4.15 million TEUs, up by 3.8% compared to the same month last year, while Ningbo Zhoushan Port processed 3.31 million TEUs, marking a 12.9% year-on-year increase. Shenzhen was the third busiest port in China with 2.8 million TEUs in October.

In terms of cumulative throughput for the year, Shanghai has surpassed the 40 million TEU mark, having handled 43.25 million TEUs thus far in 2024. The Ningbo Zhousan Port ranks second with a total of 32.83 million TEUs, while the Shenzhen Port and Qingdao Port trail with 27.66 million TEUs and 25.76 million TEUs, respectively.

Among Chinese ports, Shenzhen Port has demonstrated the most significant year-over-year growth, surging by 14.9%, with the Beibu Gulf, Ningbo Zhousan, Qingdao, and Shanghai ports following in its wake in terms of growth rates.

FIRST BUNKERING OF GREEN METHANOL FUEL AT SHANGHAI PORT. April 10th，2024

Shanghai is proactive in its environmental endeavors, including the establishment of facilities by Shenergy Group for the production of green methanol from food waste. This initiative is aimed at supporting the shipping industry’s carbon emission reduction objectives. The city is projected to manufacture between 70,000 to 100,000 tonnes of this sustainable fuel each year by 2025. Moreover, the Shanghai Futures Exchange has introduced futures contracts for the Containerized Freight Index, enabling industry participants to guard against erratic freight rate fluctuations, thereby enhancing Shanghai’s preeminence in both shipping volumes and related services.