Global container freight volume to rise: CAS

Updated: 2011-07-02 16:27


Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - Global container freight volumes will increase this year, but in a slower growth rate compared with 2010, according to a report released by the Chinese Academy of Sciences (CAS).

Related readings:
Global container freight volume to rise: CAS Freight charges are the focus for steelmakers
Global container freight volume to rise: CAS CNR to deliver high-load freight cars
Global container freight volume to rise: CAS China COSCO chairman sees freight recovery in 3-5 years
Global container freight volume to rise: CAS COSCO returns to profit on recovery of freight rates

The ongoing European debt crisis, frequent natural disasters and continuing fallout from the global financial crisis have brought uncertainties to this year's container shipping market, said Wang Shouyang, head of the CAS's Center for Forecasting Science.

Wang said that he expects a slowdown in global container freight volume this year, as the United States is still recovering slowly and Europe "has insufficient internal impetus to drive economic growth."

The report also said that China will continue to stay on top in terms of container throughput. Shanghai will maintain its position as the world's busiest container port this year, due to the country's robust economic growth and massive foreign trade volume, according to the report.

Half of the world's top 20 ports will be Chinese ports this year, compared with nine in 2010.

Container throughput is a gauge of a port's importance in international trade and a key barometer for global economics and trade.


90th anniversary of the CPC

The Party has been leading the country and people to prosperity.

My China story

Foreign readers are invited to share your China stories.

Green makeover

Cleanup of Xi'an wasteland pays off for ancient city

Mom’s the word
Big win