Shanghai Port Achieves Historic Milestone In Global Shipping

By
Mfame Editor
-
17

Shanghai Port has set a new global benchmark by becoming the first port worldwide to surpass 50 million TEUs (20-foot equivalent units) in annual container throughput, solidifying its position as the world’s busiest port for 14 consecutive years.

Key Highlights

Record-Setting Growth

  • Annual Throughput: Exceeded 50 million TEUs in 2024, reflecting China’s robust manufacturing and trade capabilities.
  • Historical Growth: From 1 million TEUs in 1994 to over 50 million TEUs, marking a significant expansion in global trade influence.

Global Connectivity and Hub Functionality

  • Nearly 350 international ship routes connecting to over 700 ports in more than 200 countries.
  • Ship-to-Ship Transfers: Expected to reach a record 60% in 2024, emphasizing its role as a global hub.

Technological Advancements

  • Yangshan Phase IV Automated Terminal (2017):
    • Achieved a 30% increase in efficiency and reduced workforce requirements by 70%.
    • Enhanced per capita productivity to 213% of traditional terminals.
  • ITOS Intelligent Control System:
    • Broke foreign monopolies on port software technology.
    • Attracted international interest, including establishing South America’s first intelligent port at Chancay Port, Peru.

Green Transformation Efforts

  • Agreements with ports in Los Angeles and Hamburg to develop green shipping corridors.
  • Achievements in 2024:
    • First ship-to-ship synchronous green methanol fueling operation.
  • 2030 Goals:
    • LNG fueling capacity: 1 million cubic meters.
    • Green methanol & biofuels capacity: 1 million tonnes.

Shanghai’s Broader Transformation

  • Ranked third in the 2024 Xinhua-Baltic International Shipping Center Development Index Report.
  • Daily Import/Export Value: Averaging 29.8 billion yuan (USD 4 billion), underscoring its significance as a global trade hub.

Shanghai Port’s continuous innovation, green transformation, and global connectivity position it as a cornerstone of international trade and a leader in advancing sustainable and efficient port operations.

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Source: ENGLISH.GOV.CN