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Industry

China's major ports continue to see rising weekly throughput: CPHA

March 25, 2020


Abstract : Major ports in China continue to see accelerated growth in throughput during last week, as foreign trade companies stepped up production, the China Ports & Harbours Association (CPHA) said on Wednesday.

BEIJING, March 25 (Xinhua) -- Major ports in China continue to see accelerated growth in throughput during last week, as foreign trade companies stepped up production, the China Ports & Harbours Association (CPHA) said on Wednesday.

During the week from March 16 to 22, the container throughput of top 8 hub ports in China increased 6.2 percent on a weekly basis, higher than the 1.1 percent growth in the previous week. As manufacturing production resumed at a faster pace, the container throughput of ports at the Pearl River Delta region grew rapidly, with Shenzhen and Guangzhou recording more than 20 percent growth.

During the same period, the throughput of ports at the upper and middle reaches of the Yangtze River also began to show rapid recovery.

As major state-owned refineries and Shandong’s private refineries gradually expanded their production to digest their crude oil inventories, crude oil throughput at Chinese major ports grew 14.8 percent from the previous week.

In light of the tumbling global oil price, many refineries and traders are increasing their crude oil purchases. More oil tanks are expected to arrive at Chinese ports in late April, said the association.

Except Hubei, 95 percent of Chinese ports resumed normal operations, and port logistics have also improved. For example, the daily average number of international container ships in and out of Yangshan Port in Shanghai over the past two weeks grew 41 percent from the average level in February and resumed to 90 percent of the level in the same period of last year.

With the COVID-19 spreading rapidly around the world, Chinese ports have taken necessary preventive measures against the epidemic, such as adopting online business processing and paperless handling procedures. These measures will not affect the normal shipping activities at the ports, such as berthing and ship material supplies. (Contributed by Wu Congsi, Cao Jie)

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