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Thursday, 21 August 2014

Port of Shanghai dominates JOC global rankings

The Port of Shanghai has been ranked as the largest container port in the world by trade publication The Journal of Commerce (JOC). Shanghai remains in the top spot for the fourth year in a row, followed by Singapore in second place, Shezchen in third and Hong-Kong which falls one place to fourth.

Asian ports dominated the top positions as they tightened their grip on the rankings this year, holding 9 of the top 10 spots and filling 26 out of 50 places in the classifications.

“Asia is king among global container ports, even if stalwarts such as Hong Kong, which slipped to fourth place last year in part because of a 40-day dockworker strike at five terminals, have retreated a bit,” according to the JOC report.

The Middle East’s Jebel Ali port in Dubai ranked 9th, while Europe’s largest port, Rotterdam, once the world’s largest, came in at only 11th. JOC notes that construction of a “new APM terminal at Maasvlakte 2”, which is due to be completed towards the end of 2014, has the opportunity to increase throughput significantly at Rotterdam.

Growth powered by exports

The 26 Asian ports identified in the report delivered net growth of  4.2% year-on-year, and accounted for a record market share of 70.5% of the 421.3 million TEUs of cargo handled by the top 50 ports in 2013.

Asian exports were one of the key drivers of sustained investment in the Asian ports sector. Europe accounted for 13.5% market share while the Americas delivered 8.5% and  the Middle East and Africa produced 7.5% market share.

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