China ports gain prominence in recession
NEWARK, N.J. — Only two of the top 15 ports weathered the worst year ever in container shipping and – surprise – they’re both in China.
The two ports aren’t necessarily the largest either. Guangzho (the 6th largest container port in the world and Tianjin (No. 11) experienced overall growth in 2009.
According to the Journal of Commerce’s 2010 ranking of the Top 50 World Container Ports, large Chinese ports took a hit last year compared to 2008, but overall the ports gained greater worldwide prominence.
Despite double-digit declines in 2009 from the world’s top five ports — Singapore, Shanghai, Hong Kong, Shenzhen and Busan – Asia’s marketshare in manufacturing and maritime trade expanded in the downturn, the report states.
Eight of the top nine ports remain in Asia and six of the top nine are in China.
The largest ports on this side of the pond are still Los Angeles and Long Beach.
In the JOC’s 2009 report, Port Metro Vancouver was ranked 47th. It was the only Canadian port to make the list.
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