Shanghai overtakes Singapore as world’s busiest port

Shanghai said it overtook Singapore for the first time in 2010 to become the world’s busiest container port, as the global economic recovery boosted cargo traffic through China’s business centre.
Shanghai’s port handled 29.05 million 20-foot equivalent units, or TEUs, in 2010 — 500,000 TEUs more than Singapore, the Shanghai government said in a statement.In part the difference is one of tone. Mitsui OSK is looking at its recent record as an inspiration to performance where as 'K' Lines and NYK are looking at market fundamentals. None-the-less, the underlying lack of confidence is notable, not least as all three companies have considerable resources both in shipping and other areas of logistics.
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Source: Maritime Sun News