During the first ten days of June, container volume of eight major Chinese ports declined 1%, close to the same level as 2019.
According to the statistics released by China Ports and Harbours Association, the container cargo volume is continuing to recover in early June but is still trapped with low-growth. With the production resumption in overseas markets, the cargo volume is expected to improve in July.
The crude oil shipments at major coastal ports increased 13.3% year-on-year as oil prices remained low. The growth rate of Qingdao port, Yantai port and Dalian port exceeded 10%, however, the storage capacity of several ports is close to saturation.
The metal ore shipments at major ports increased 11.2% year-on-year while inventory volume declined 14.2%.
The port business along Yangtze river stopped growing in early June. The cargo throughput of three major ports, Nanjing, Wuhan and Chongqing, declined 3.9% while the container throughput declined 11.8% year-on-year.
Source: Seatrade Maritime News