{"id":83314,"date":"2024-12-24T00:00:00","date_gmt":"2024-12-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/24\/shanghai-port-nabs-new-world-record\/"},"modified":"2024-12-24T00:00:00","modified_gmt":"2024-12-24T00:00:00","slug":"shanghai-port-nabs-new-world-record","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/12\/24\/shanghai-port-nabs-new-world-record\/","title":{"rendered":"Shanghai Port nabs new world record"},"content":{"rendered":"<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong><\/strong><strong>Shanghai<\/strong><strong> Port sets a new record:<\/strong> China\u2019s Shanghai Port became the first port in the world to achieve an annual container throughput exceeding 50 mn TEU, according to a <a target=\"_blank\" href=\"https:\/\/english.shanghai.gov.cn\/en-Latest-WhatsNew\/20241223\/d2daebd5188341e3b87e433d98b49b55.html\" style=\"\" rel=\"noopener\">statement<\/a>. Export-heavy containers, international transfer containers, and ship-to-ship transfers \u2014 which are projected to reach a record 60% in 2024 \u2014 are main factors in the record. The port has been ranking first in container throughput for the past 14 consecutive years, and is expected to secure the same position for the 15th year. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>IN OTHER CHINA NEWS- Russia is <\/strong><strong>experiencing difficulty in shipping goods through its eastern rail network to China as sanctions and war efforts weigh down the economy<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-23\/russia-s-wartime-economic-woes-slow-railway-trade-with-china\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. China\u2019s imports from Russia <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/chinas-exports-russia-grow-quickest-pace-11-months-2024-11-07\/\" style=\"\" rel=\"noopener\">fell 9.2% y-o-y in September<\/a> and 4.3% y-o-y in October, driven down by trade disruptions due to payment issues. The nation\u2019s state-owned carrier Russian Railways JSC cut down its investment program for 2025 by 30%, while cargo is building up in existing trade bottlenecks around the country. <\/p>\n<p style=\"padding:0;margin:0;font-family:\" arial\";line-height:1.15;orphans:2;widows:2;text-align:left\"=\"\"><strong>Looking forward:<\/strong> The railway is \u201cexperiencing its deepest slump since the 2008-09 crisis this year, and the trend is still going strong,\u201d Moscow-based MMI Research told the news outlet. \u201cWe assume that this is due to both the needs of the army \u2014 loading the network with priority cargo \u2014 and the worsening problems with the rolling stock,\u201d MMI Research added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stories on our radar this morning from around the world<\/p>\n","protected":false},"author":1,"featured_media":83315,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,248,37,226,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-china","tag-ports","tag-russia","tag-trade","wpautop","entry"],"acf":{"mongo_id":"53b01c28-c7a0-41f9-ad21-dc00be8c4d85","order":"13","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/2089.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Shanghai Port nabs new world record","related_issue":[83292],"teaser":"Stories on our radar this morning from around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.3f72011a-e8cc-49df-931f-4fefe76203b2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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