China’s top eight container ports have witnessed a drop of 19.8% in February but throughput has started to pick up since last week. It was evident that Coronavirus will have a major impact on the container throughput in China, and as expected China’s eight hub ports reported a decline of 19.8% in February. A break down of figures for individual Chinese ports in February is not yet available.
In terms of port volumes, there has been positive signs because the country’s factories have started to get back to work after an extended break after Chinese New Year in an effort to bring the spread of coronavirus under control.
Currently, the work resumption ratio of cargo terminals in China is more than 90%, container throughput of the eight major container hub ports posted a growth of 4.7% last week.