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Toh Han Shih

The ports of Shanghai, Ningbo and Shenzhen defied international gloom to surprise analysts with a strong rebound in cargo and container throughput last month.
Shanghai, the world's busiest port, processed 2.91 million 20-foot equivalent units (teu) in September, a record month for the facility, according to the Shanghai International Port (Group), the city's port operator.
The container volume was a 5.6 per cent increase on the same time last year, following year-on-year falls in August and July.
Last month's throughput was also 11.6 per cent higher than that of August.
Shanghai's cargo throughput rose 10.1 per cent year on year to 44.42 million tonnes last month, according to the group's website.
Ningbo, the mainland's third-busiest port after Shenzhen, processed 20 per cent more containers, or 1.59 million teu, last month compared with the same time last year.
Its cargo throughput soared 23.5 per cent to 40.8 million tonnes, according to the website of the Shenzhen Ports Association.
The ports of Mawan and Chiwan in west Shenzhen posted a 5 per cent year-on-year rise in container throughput, after suffering a 7 per cent decline in the first eight months of the year, JPMorgan analyst Karen Li said.
Li said that according to industry sources, the port of Yantian in east Shenzhen should enjoy a year-on-year increase in container throughput "in the low teens" in September, after 12 per cent year-on-year growth in August.
Mawan and Chiwan ports export mainly to Europe, while Yantian exports mainly to the United States.
"The question is whether this rebound is sustainable," Li said.
Part of the reason for Shanghai and Ningbo's strong performance last month was bad weather in July and August, which hurt trade in the Yangtze River Delta where the two ports are located, she said.
Despite the bullish data, Sunny Ho Lap-kee, the executive director of the Hong Kong Shippers' Council, remains pessimistic about trade in the Pearl River Delta.
"Manufacturers in the Pearl River Delta are not seeing any encouraging signs. The worst time for them will be the first quarter of 2013," Ho said.


Shanghai port hits new container volume high

Container throughput is up.

Business

China Business

Ningbo and Shenzhen also post increases in throughput, despite bleak international outlook


Shanghai port hits new container volume high

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Ningbo and Shenzhen also post increases in throughput, despite bleak international outlook

Ningbo and Shenzhen also post increases in throughput, despite bleak international outlook