Shanghai Widens TEU Lead Over No. 2 World Port Singapore - 0 views
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Ajay Kumar on 26 Aug 16LONDON: China's largest port is also the world's largest, opening a 5.6 million-TEU gap over No. 2 Singapore in 2015. Shanghai toppled Singapore for the No. 1 spot in the JOC Top 50 container port rankings six years ago and hasn't looked back, extending its spread over the world's second-largest container hub to 5.6 million twenty-foot-equivalent units in 2015. Singapore, Southeast Asia's dominant transshipment hub, previously led the rankings for five years after dethroning Hong Kong in 2005. With Shenzhen having a firm grasp as the world's third-largest port, Hong Kong, just an hour south and struggling with high costs, slipped behind Ningbo-Zhoushan to fifth. No. 6 Busan, South Korea, meanwhile, is closing the gap with Hong Kong.