Shanghai Port retains title as World’s Busiest Container Hub in 2023

In 2023, the Chinese Port of Shanghai SIGP, which is operated by the Shanghai International Port (Group) has once again maintained its status as the world’s busiest container port, experiencing a 3.6% increase in volumes. The container volume at Shanghai Port surpassed 49 million TEU, marking a growth of 1.7 million TEU compared to the previous year, representing a 3.6% rise.

The Yangshan port area contributed significantly to this achievement, registering a container volume of 25 million TEU, reflecting a 4.6% year-on-year increase. This accounted for 51% of the total throughput of Shanghai Port for the year. Notably, Shanghai Port currently provides more than 320 liner services weekly, connecting to over 700 ports globally.

Established in 1842, the Port of Shanghai stands as the world’s largest seaport, encompassing an expansive area of nearly 4 square kilometers. Evolving over the years, it has emerged as a crucial maritime hub in the region, boasting vital connections to the Yangtse River that extend into various Chinese provinces. The port’s strategic location facilitates extensive access to both Chinese seas and global oceans, solidifying its position as a pivotal transportation nexus and a key gateway for foreign trade in China.

Often likened to a bustling city of containers instead of houses, the port accommodates a diverse range of cargo, primarily dealing with coal, metal ore, petroleum, petroleum products, steel, machinery, and equipment. Remarkably, more than one-fourth of all cargo traffic in China, both imports and exports, is handled by the Port of Shanghai. An impressive 99 percent of Shanghai’s foreign trade flows through this maritime giant, emphasizing its paramount role in facilitating international commerce.

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