Government Crackdown May Offset Rapid Growth at China’s Ports — Panjiva
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Government Crackdown May Offset Rapid Growth at China’s Ports

China 2999 Corp - Ports 893 Mode - Containerized 1489 Mode - Seaborne 1818

Container handling at China’s mainland ports climbed by 12% in October. That was the 20th straight month of growth, and was similar to a month earlier despite the slowdown in trade growth seen across the country. Tianjin grew the fastest at 14%, while the mainland beat Hong Kong’s 1% decline. Strong activity growth doesn’t mean the outlook is bright, however. The government has called on ports to restructure their “monopolistic” behavior, with a potential $532 million drop in rates. That may not boost volumes, but it could help the profitability of the container-lines.

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