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Only 3 of world's 100-million ton ports achieve growth of 5pc or more
THE world's top 10 busiest ports had a first quarter average growth of 1.8 per cent, the lowest in five years, says the Shanghai International Shipping Institute (SISI).
"In Q1, global economy continued the slow growth of the previous quarter, mirroring a sluggish and uneven recovery," said the SISI study."The European market sped up its recovery, but the overall performance of developed economies presented a downtrend as affected by stagnant US growth," said the study, reported Dubai's Arabian Supply Chain.
Only Tianjin, Rotterdam and Australia's Hedland achieved year-on-year growth of five per cent or more.
Tianjin was said to benefit from a new strategy devised by Beijing. Hedland saw increased growth in deliveries of iron ore.
DP World's first quarter was a mixed bag of results, with gross container volumes in the Asia Pacific and Indian subcontinent regions rising 1.7 per cent to 6.8 million TEU, but volumes in Europe, Middle East and Africa, which includes the UAE ports, rose 9.2 per cent to 6.4 million TEU.
"In Q1, global economy continued the slow growth of the previous quarter, mirroring a sluggish and uneven recovery," said the SISI study."The European market sped up its recovery, but the overall performance of developed economies presented a downtrend as affected by stagnant US growth," said the study, reported Dubai's Arabian Supply Chain.
Only Tianjin, Rotterdam and Australia's Hedland achieved year-on-year growth of five per cent or more.
Tianjin was said to benefit from a new strategy devised by Beijing. Hedland saw increased growth in deliveries of iron ore.
DP World's first quarter was a mixed bag of results, with gross container volumes in the Asia Pacific and Indian subcontinent regions rising 1.7 per cent to 6.8 million TEU, but volumes in Europe, Middle East and Africa, which includes the UAE ports, rose 9.2 per cent to 6.4 million TEU.
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