Shanghai said it overtook Singapore in 2010 to become the world's busiest container port due to the economic recovery and six-month long World Expo with boosting the container and cargo traffic travelling through the port.
Shanghai's port handled 29.05 million twenty-foot equivalent units (TEUs) in 2010, in line with the municipal government strategy in turning Shanghai into a global shipping centre. 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.
Singapore's container traffic rose 9.9 percent to 28.4 million TEUs in 2010.
Sunday, January 9, 2011
Subscribe to:
Posts (Atom)
