China’s Shanghai handles lower box volumes in January

Last month, the Chinese port moved 2.94m teu of containers, a drop of 7% compared to the throughput of 3.16m teu in the year-ago period, data from SIPG showed.

In 2015, Shanghai port retained its crown as the world’s busiest container port with an annual box volume of 36.54m teu, up 3.5% from 35.29m teu handled in 2014.

Shangahai beat its closest rival Singapore port, which posted volumes of 30.9m teu in 2015, down 8.7% year-on-year.