Shanghai Port Achieves Record-Breaking 50 Million TEU Container Throughput in 2024

Shanghai Port Achieves Record-Breaking 50 Million TEU Container Throughput in 2024On December 23, 2024, Shanghai Port completed the handling of its 50 millionth twenty-foot equivalent unit (TEU), setting a new global record for container throughput and securing its likely 15th consecutive year as the world's busiest container port. This remarkable achievement is a testament to the port's continuous reform, operational optimization, strengthened collaborations, and proactive adaptation to global shipping trends

Shanghai Port Achieves Record-Breaking 50 Million TEU Container Throughput in 2024

On December 23, 2024, Shanghai Port completed the handling of its 50 millionth twenty-foot equivalent unit (TEU), setting a new global record for container throughput and securing its likely 15th consecutive year as the world's busiest container port. This remarkable achievement is a testament to the port's continuous reform, operational optimization, strengthened collaborations, and proactive adaptation to global shipping trends.

Shanghai Port's success isn't accidental; it's the result of long-term strategic planning and meticulous management. Shanghai International Port (Group) Co., Ltd. actively promotes regional cooperation, forging deep partnerships with ports in the Yangtze River Delta region and along the Yangtze River. Currently, it collaborates closely with 22 ports across 16 Yangtze River Delta cities and provinces, including 16 ports within the Yangtze River Delta region. This effectively integrates resources from the hub port and inland ports, creating a powerful synergistic effect. This regional cooperation model not only enhances overall operational efficiency but also expands Shanghai Port's reach, attracting more cargo and providing a solid foundation for sustained container throughput growth.

Beyond regional cooperation, the continuous improvement of Shanghai Port's hinterland transportation system is crucial to its success. This efficient and convenient system acts as the port's circulatory and nervous system, directly impacting its throughput efficiency and service quality. In recent years, Shanghai Port has significantly invested in its hinterland transportation system, continually optimizing port infrastructure, enhancing transportation efficiency, and reducing logistics costs. These efforts have significantly improved Shanghai Port's overall competitiveness, attracting more shipping companies and cargo owners to choose it as a primary hub.

Significantly, Shanghai Port also achieved a breakthrough in its water-to-water transfer ratio this year, projected to reach 60%, a historical high. Water-to-water transfer, referring to cargo transportation via waterways between ports, improves transportation efficiency, reduces costs, and mitigates road congestion and environmental pollution associated with road transport. This high water-to-water transfer ratio reflects Shanghai Port's commitment to green environmental protection and sustainable development, laying a more solid foundation for its long-term growth.

Furthermore, Shanghai Port actively develops sea-rail intermodal transport, further expanding its hinterland reach. Launched in 2019, its sea-rail intermodal service quickly became a regular operation. Currently, more than ten daily sea-rail intermodal services are running steadily, with an expected volume exceeding 900,000 TEUs this year, a roughly 40% year-on-year increase. The rapid development of sea-rail intermodal transport not only alleviates pressure on the port's land transport but also provides inland enterprises with more convenient and efficient logistics solutions, further expanding Shanghai Port's hinterland and strengthening its hub status in the global shipping network.

In conclusion, Shanghai Port's exceeding 50 million TEU container throughput in 2024 is the result of multiple contributing factors. Deepened regional cooperation, a refined hinterland transportation system, increased water-to-water transfer ratio, and the rapid development of sea-rail intermodal transport together form the powerful engine driving Shanghai Port's continuous growth. This is not only a reflection of Shanghai Port's own strength but also showcases the rapid development and enhanced international competitiveness of China's port logistics industry. Shanghai Port's successful experience provides valuable lessons for other ports and injects new vitality into the global shipping industry. Looking ahead, Shanghai Port is expected to maintain its global leadership, making even greater contributions to global trade and economic development. Continued innovation and improvement, along with a commitment to sustainable development, will ensure Shanghai Port's continued leadership in the global port competition. This is not only a triumph for Shanghai Port but also a source of pride for China's port logistics industry. Shanghai Port will continue to optimize operations, strengthen cooperation, and contribute to global trade and economic development.

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