The decline shows just how far export volumes have plummeted due to poor demand in North America and Europe. China’s coastal ports saw a decline of 12.9 percent to 8.4 million TEUs, while river ports suffered more — a 25.8 percent drop to 580,000 TEUs.
Hong Kong, meanwhile, saw its January throughput nosedive 23.2 percent to 1.6 million TEUs. That was part of a regional malaise in South China, with Hong Kong, Shenzhen and Guangzhou collectively losing 1.1 million TEUs, or 22.6 percent of their January 2008 volumes.
Nearly every major Chinese port suffered in January, with Shanghai, the country’s busiest port, declining 17 percent, Shenzhen 17.7 percent, Ningbo 8.7 percent, Guangzhou 30 percent and Xiamen 10.6 percent.
The only port cluster to steer clear of a major drop were the Bohai Bay ports, with Qingdao and Dalian actually seeing volume increases of 2 percent and 6 percent, respectively. The third major port in the area, Tianjian, saw a modest 4.1 percent decline.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now