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Shanghai now the world's largest cargo port
SHANGHAI - Shanghai port has become the world's largest cargo port,
with processed cargo topping 443 million tons in 2005, higher than
that of Singapore's port, according to the latest statistics of the
Shanghai Port Management Department.
The rapid development of the Chinese economy and the large
industrial and trade base of the Yangtze River Delta region are the
main reasons underlining Shanghai's achievement. It only took
Shanghai port five years to double cargo handling capacity from 200
million tons to 400 million tons.
However, there is still a big gap between Shanghai and Singapore in
container handling capacity. The latest statistics show that
Shanghai handled 18.09 million TEUs (twenty-foot equivalent units)
of containers in 2005, rising 24.2% over the previous year and
taking the third position in the world. In contrast, Singapore
handled 21.2 million TEUs in the first 11 months of 2005, rising
8.4%. In terms of growth rate, the container handling capacity of
Shanghai grew much faster than that of Singapore.
The economic development of Shanghai, the Yangtze River delta and
Yangtze River valley has also fueled the development of Shanghai
port. At present, Shanghai has opened shipping lines around the
globe, extending to Europe, America, Australia, Japan and Southeast
Asia. The number of voyages mounted from the port amounts to 1,967
monthly, including 942 to international ports.
http://www.atimes.com/atimes/China_Business/HA07Cb02.html
