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Ports' toughest time still ahead

By Tu Lei (chinadaily.com.cn)
Updated: 2008-11-26 15:09

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Major ports including Shanghai Port, Tianjin Port, Qingdao Port and Rizhao Port last week saw a drop in goods, foreign trade and container throughputs, and experts predict the ports will see their toughest time in the first half of next year, according to today's China Times.

"The port and shipping businesses are in the same boat, and the bad performance of shipping will definitely impact on the port sector," said a securities manager, who declined to be named.

On October 21, Chen Xuyuan, president of Shanghai International Port Group, lowered Shanghai Port's throughput this year to 28.50 million twenty-foot equivalent units (TEUs) from 30 million TEUs.

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The full text is available in the NovemberIssue of Logistics China.