Shanghai continues as largest container port handling 47M TEU in 2022
Shanghai retained its position as the world’s busiest container port for the thirteenth consecutive year in 2022 despite emerging challenges from other ports including in China and Singapore’s new Tuas facility which began operations in 2022. Preliminary figures from Chinese officials show that Shanghai’s overall container volume remained stable for the year which represents a significant recovery from the spring of 2022 when volumes were constrained by lockdowns in the city and restrictions on the movement of trucks and cargo.
Preliminary numbers released by the state-run media outlet Xinhua show that Shanghai handled a total of 47.3 million TEU in 2022. This compares with a total in 2021 of 47.0 million TEU or an increase of less than one percent. By comparison, 2021 volume increased just over eight percent versus 2020.
The Maritime Executive
Battered by Covid, China hits pause on giant chip spending aimed at rivaling US
China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains the world’s No. 2 economy and Beijing’s finances.
Top officials are discussing ways to move away from costly subsidies that have so far borne little fruit and encouraged both graft and American sanctions, people familiar with the matter said. While some continue to push for incentives of as much as 1 trillion yuan ($145 billion), other policymakers have lost their taste for an investment-led approach that’s not yielded the results anticipated, the people said.
AJOT
Indian ports end 2022 on a promising note as box volumes stay resilient
According to the latest exclusive port data collected by Container News, the flow of containers in and out of Indian ports is showing signs of a resurgence after a brief period of slowing trends.
Countrywide box volumes (including major and minor ports) in December stood at 1.7 million TEUs, a 5.9% increase month-on-month.
Of this, by port, Nhava Sheva (Jawaharlal Nehru Port Authority, or JNPA) contributed 522,035 TEUs, up 10% from 473,104 TEUs in November.
Container News
How climate change is expected to transform manufacturing
Flooding, hurricanes, record temperatures. Disruption from extreme weather is increasing as the world warms.
In last year’s landmark report from the International Panel on Climate Change, researchers found that over the next 20 years, global temperatures are projected to rise 1.5 degrees Celsius (2.7 degrees Fahrenheit). Such a rise will mean longer, hotter seasons, unprecedented sea level rise in coastal areas and more intense flooding, among other effects.
Like many industries, manufacturing is contending with this new reality. It’s warping the way factories operate, how employees work and where companies plan long-term investments.
Supply Chain Dive
Shipping's decarbonization outlook for 2023
As we begin 2023, maritime experts are looking into their crystal balls for the trends that might define the year. Of course, decarbonization will remain at the center of the debate, with shipping stakeholders yet to agree on an equitable approach to cut the sector’s carbon emissions.
Specifically, 2023 could be a definitive year for CII (Carbon Intensity Indicator) regulation. Will it succeed or fail? The question has become even more salient after BIMCO recently released its CII Operations Clause for Time Charter Parties. The general feeling is that the BIMCO Clause has brought more confusion, with owners and charterers divided on their roles in implementing CII regulations.
The Maritime Executive
Port Houston to move forward with container dwell fee in February
A sustained dwell fee at Port Houston will go into effect on Feb. 1 following delays due to software issues.
Containers left to dwell at the Bayport and Barbours Cut Terminal will start accruing fees beginning on the eighth day after the expiration of free time. Shippers will be on the hook for $45 per container per day, port officials said in a release.
Supply Chain Dive
