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Shanghai records 9.8% rise in February box volumes

Shanghai records 9.8% rise in February box volumes
China's Shanghai port handled higher box volumes in February on a year-on-year comparison but throughput slowed month-on-month, according to figures from Shanghai International Port (Group) Co (SIPG).

Shanghai port moved 2.21m teu of containers in February, an increase of 9.8% compared to 2.01m teu recorded in the same month of 2012.

Last month's throughput, however, was down 26.4% compared to January volumes as businesses in China typically slowed down in February due to the Chinese New Year holidays.

In the first two months of this year, Shanghai port posted a total throughput of 5.2m, up 5.5% compared to 4.93m teu seen in the corresponding period of 2013, data from SIPG showed.

In 2013, Shanghai retained its title as the world's busiest container port with a throughput of 33.62m teu.