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Shanghai port scores 28m teu annual throughput

Shanghai port scores 28m teu annual throughput

Shanghai: Shanghai handled 28m teu last year, a rise of 7 percent, to retain its No. 2 ranking in the world, port officials said, although a research note cautioned of tougher times this year.

The container throughput grew from 26.1m teu in 2007. The 7% growth, however, was sharply down from 20.4% in the year-earlier period.

Waigaoqiao Port contributed more than 54%, or 15m teu, to the total volume last year. This means that Waigaoqiao will stay No. 1 in throughput among domestic ports.

The throughput of the Yangshan Deep-water Port also rose from the previous year to reach 8.2m teu as the last phase of its northern section was completed and was fully operational early last month, adding 2.2m teu to its existing handling capacity.

"The container operations of domestic ports will slow in 2009 with the impact of a global turmoil," warned a recent China Merchants Securities research.

"The growth rate of the total throughput of domestic ports may fall below 4%" this year.  [5/1/09]