Shanghai Port handled 4.2 million TEUs in October, up 15.7 percent from the same month last year, representing a new record monthly high, according to Shanghai International Port Group (SIPG). The previous record was 3.9 million TEUs achieved in July this year.
The growth in Shanghai’s container volume was matched by the growth in China’s total cargo volumes, up nearly 16 percent at the major ports in October.
Chinese officials pointed to a strong economic recovery as well as their efforts to mitigate the coronavirus. They noted that the port of Shanghai has invested in new technologies and the integration of operations along the Yangtze. The officials also pointed to the ongoing efforts on the fourth phase of the Yangshan Deep-Water Port in Shanghai, the world’s largest automated cargo terminal.