Shanghai overtakes Singapore as world's busiest port
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Jan 8, 2011
SHANGHAI - SHANGHAI said it overtook Singapore for the first time in 2010 to become the world's busiest container port, as the global economic recovery boosted cargo traffic through China's business centre.
Shanghai's port handled 29.05 million 20-foot equivalent units, or TEUs, in 2010 - 500,000 TEUs more than Singapore, the Shanghai government said in a statement.
Officials credited the economic recovery and Shanghai's six-month long World Expo with boosting the container and cargo traffic travelling through the port, the statement said.
Shanghai's cargo throughput rose to about 650 million tonnes in 2010, remaining the world's largest, up from 590 million tonnes in 2009, the statement said.
Shanghai will continue, and possibly expand, an export-tax refund pilot project and press on with expanding infrastructure, the statement said.
The city has charged ahead through the financial crisis with work to more than double its port capacity. China's cabinet has declared it wants Shanghai to move up the value chain and become a full-service world-class shipping centre by 2020, with shipping financing, reinsurance and arbitration services. -- AFP
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China is scary. They have many many little singapore replica cities in the making.
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China have many more cities that are built to keep the economy going..............these cities are still being built without anyone living in any of them !
when the China bubble finally burst..............countless people will lose countless money................
expect mass suicides in China..............
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China scary.
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the economic super power of china cannot be underestimated...including their great resilience...
its only a matter of time...its only natural for a hungry power after centuries of turmoil and communism....
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it's scary
but dun forget, it's nothing surprising because other than Shanghai, there's only Ningbo as an alternative port at that part of PRC.
Southern side you've Yantian.
But I'm too surprised if Tianjin & Ningbo carries on its devt, it might create situation where it'll compete w/ Shanghai for volumes.
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competition makes it grow wilder
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Originally posted by sbst275:
it's scary
but dun forget, it's nothing surprising because other than Shanghai, there's only Ningbo as an alternative port at that part of PRC.
Southern side you've Yantian.
But I'm too surprised if Tianjin & Ningbo carries on its devt, it might create situation where it'll compete w/ Shanghai for volumes.
all still within PRC.
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Originally posted by Clivebenss:
all still within PRC.
but their volumes are tabulated indvexcept Shenzhen where's vol fig for Shekou, Yantian, Nansha, etc are tabulated as one.
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the spirit of Admiral Cheng Ho is reborn
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I'm not surprised that Shanghai overtook SG...
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sg port is just a transit port
shanghai 29.05 m teu x avg 20 ton, thats about 580 million ton of products exported just from 1 port in china.
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other than being the world's busiest port...China has the world's largest no. of ports...
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radar detecting some actions by the sg gah-men liao...