PRESS ROOM

Judging by the containers flowing through China’s maritime ports, the world’s export king still reigns despite efforts in the US and Europe to diversify their trading relationships, writes Bloomberg, quoting a recent report from Lloyd’s List.

With our portfolio of international container shipping services and strong presence in China, we note that the report indicates that China’s share of container volumes at the biggest 100 seaports globally rose to 41.3% last year, from 40.2% a year earlier. Ten years ago the figure stood at 36.6%.

In a distant second place was the rest of Asia, which as a region had a 26.6% share, according the just-released figures for 2023. North America came in with 7.6%, Europe with 7.3%.

Linton Nightingale, deputy editor with Lloyd’s List, said China’s position as the Factory to the World “shows little sign of diminishing anytime soon.”

“Yes, shippers and manufacturers are looking to other countries to source goods in a bid to diversify supply chains — a trend that has accelerated off the back of the pandemic which caused a rethink on Chinese reliance,” he said. “But as our data shows, the world continues to rely heavily on its exports.”

The Lloyd's List report can be read in full at the following link:

https://www.lloydslist.com/LL1150226/One-Hundred-Ports-Box-ports-tread-water-as-the-tepid-20s-persist

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