Booming transpacific volumes have brought half-year throughput at China’s second largest port Ningbo-Zhoushan to within 1 Mteu of Singapore, the number two ranked port globally. The gap between the two ports narrowed to 1.08 Mteu in the first six months of 2022, versus 2.7 Mteu in the same period a year ago and 4 Mteu prior to the pandemic.
Indeed Ningbo-Zhoushan even overtook Singapore in Q2 though figures were undoubtedly boosted by the extraordinary Shanghai lockdowns in April and May. Ningbo-Zhoushan has benefited from restrictions at its lock-down hit neighbour Shanghai, with many carriers diverting ships to avoid delays and trucking issues. However the port continued to grow in July, at 3.28 Mteu, up 26% on the year before, even as volumes bounced back at Shanghai. Overall, Shanghai posted a decline of 1.8% over the first half of the year, while Ningbo-Zhoushan logged growth of nearly 9%.