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Shenzhen container traffic declines 19.8pc

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Container throughput in Shenzhen, the mainland's second-busiest port, declined further last month, dimming hopes of a quick recovery in the country's exports.

Total container throughput fell 19.8 per cent year on year to 1.41 million twenty-foot equivalent units (teu) in June, worse than the 17.7 per cent decline in May, according to official figures.

The throughput of goods-laden containers amounted to 970,000 teu in Shenzhen last month, a 0.6 per cent decline from May, according to industry data.

From a year ago, the port's laden throughput fell 18.5 per cent in June, also deeper than the 15.5 per cent decline in May.

'The results have been very disappointing. It's worse than what we expected. Normally, June's throughput should be more than May, because it approaches the peak shipping season in July and August,' said Sunny Ho Lap-kee, executive director of the Hong Kong Shippers' Council.

'Shenzhen's June figures show the immediate outlook for global trade is bleak,' Mr Ho said.

Container throughput at the mainland's major ports declined 14 per cent year on year last month and 9 per cent from May, Jing Ulrich, China equities managing director at JP Morgan said.

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