International Finance
Featured Ports and Shipping

China’s cargo and container throughput volumes increases in H1 2021

ifm-chinas-cargo-n-container-volume-increases
Chinese port handles 7.64 bn tons of cargo, up more than 13% y-o-y

China recorded a rise in the container and cargo throughput volumes during the first half of the year, according to China’s Ministry of Transport. Chinese port handled 7.64 billion tons of cargo, up by 13 percent year-on-year. However, export was down during the period as a result of the pandemic.

The growth comes despite supply chain disruptions and the Suez Canal disruption in March. Sun Wenjian, spokesperson of the ministry said that China’s container throughput at its export ports rose 15 percent year-on-year to 140 million TEU in 2021.

Recently, China started production at the Shen Hai Yi Hao, which is the world’s first 100,000 dwt deep-water semi-submersible floating production storage and offloading installation. The platform is installed at the Lingshui gas field in the South China Sea and it is China’s first self-developed deepwater FPSO.

The project is developed by China’s Offshore Oil Engineering Company with the survey and certification from the China Classification Society (CCS).

CCS President Mo Jianhui told the media, “The Shen Hai Yi Hao is a world first and we are enormously proud of all the team who have worked so hard on this complex and demanding project with our partners CNOOC and COOEC. She is designed to the highest standards so she can operate for 30 years without dry-docking for maintenance. She is capable of withstanding extreme environmental conditions. The maximum displacement is 110,000 tons, equivalent to three medium-sized aircraft carriers.”

What's New

Business Leader of the Week: Meet Vladimir Sergeyevich Lisin, Chairman of NLMK Group

IFM Correspondent

Oman’s dropshipping start-up to help entrepreneurs launch online businesses

IFM Correspondent

IF Insights: Is cryptocurrency market going to witness potential Altcoin season?

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.