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On April 12, 2018, Shanghai international shipping research center released the global port development report (2017).

After 10 years of moderate adjustment, the report found that the global economy has been basically from recovery into prosperity stage, the indicators of the world's major economies gradually improved and stabilized, the economic growth of 3.6%, with the global economic pattern tends to be stable, world trade is continuously active, global navigation industry is expected to enter the growth phase before the new era.

In 2017, the growth rate of cargo throughput of major global ports exceeded 5%.

On April 12, 2018, Shanghai international shipping research center released the global port development report (2017).

After 10 years of moderate adjustment, the report found that the global economy has been basically from recovery into prosperity stage, the indicators of the world's major economies gradually improved and stabilized, the economic growth of 3.6%, with the global economic pattern tends to be stable, world trade is continuously active, global navigation industry is expected to enter the growth phase before the new era.

In 2017, the growth rate of cargo throughput of major global ports exceeded 5%.

1. Global ports have entered a stage of growth consolidation. Asian ports are expanding at a faster pace

European ports have grown steadily.

In 2017, the economic performance of the eurozone and its major member states was steady. Boosted by the recovery of manufacturing industry and the growth of domestic and foreign demand, the international trade of imports and exports of the eurozone tended to be active.

Cargo throughput at Europe's main ports rose 4.9 per cent in 2017 from a year earlier.

Ports in the americas recovered from losses.

In 2017, the us manufacturing PMI and consumer confidence index were at high levels, and the real estate market recovered again. Thanks to the sustained improvement of the us short-term economy and the growth of bulk cargo trade, the cargo throughput of major ports in the americas increased by 7.1% year-on-year.

However, us trade protectionism and industrial protectionism are relatively serious. Under the trump politics, the growth rate of trade may not be as fast as the economic growth rate, and there is still great uncertainty in 2018.

Asian ports are expanding at a faster pace.

In 2017, with the sustained economic growth in Asia, the production situation of major Asian ports performed well.

Against the backdrop of China's growing economic influence in Asia, Japan, South Korea and asean countries have maintained a high level of exports to China. In addition, the quality of Chinese manufacturing is improving day by day, and the export volume of China has rebounded. As a result, the cargo throughput of major Asian ports has increased by 7.2% year on year.

China's port production performance is good.

In the context of the overall recovery of global foreign trade, China's reform and opening up and the "One Belt And One Road" initiative have continued to advance, domestic and foreign trade demand has been increasing, and cargo transport and import and export volumes have rebounded.

In addition, China's consumer demand continues to expand, domestic trade cargo throughput growth is strong.

In 2017, the cargo throughput of ports above the designated size in China reached 12.64 billion tons, up 6.9% year on year.

Among them, the throughput of foreign trade goods reached 4.04 billion tons, up 6.4% year on year.

Domestic trade handled 8.64 billion tons of goods, up 7.1 percent year on year.

South Korean port production situation is stable.

In 2017, south Korean ports handled 1.57 billion tons of goods, up 4.1% year-on-year and 0.9 percentage points over last year.

Auto exports and coal imports grew significantly, to 14.4 percent and 11.6 percent, respectively.

The growth rate of African ports was steady.

In 2017, with the continuous improvement of Africa's economic situation and the further deepening of cooperation between China and African countries along the "One Belt And One Road" route, Africa's foreign trade demand will steadily increase.

For the whole year, the cargo throughput of Africa's major ports grew by 3.5% year-on-year.

In 2017, due to the impact of hurricane debi and continuous wet and rainy weather, the growth rate of cargo throughput of major Australian ports slowed down to 2.3%.

Among them, the largest coal port port port throughput dropped sharply, down more than 7.2 percent.

Container port growth strong China maintains high growth

In 2017, affected by the warmer global economic and trade environment, the international container market continues to heat up. The throughput of global container ports increased by 6% year-on-year to 740 million TEU, a six-year high.

It is expected that the global port container throughput will continue to grow strongly in 2018, boosted by the active international commodity trade and consumer market. In particular, the growth rate will be better than the cargo throughput under the adjustment of cross-border e-commerce, international overseas online shopping and other business models, as well as the transformation of transportation modes such as "decentralization to consolidation".

However, in order to maintain the timeliness of transportation, more goods choose direct routes, the proportion of port transit boxes will continue to decline, and the proportion of empty boxes will rise.

Port growth in Asia has increased significantly.

In 2017, the strong growth of China's economy will significantly boost the import and export trade of Asia.

The volume of containers at major ports in Asia increased further, up 5.8 percent year-on-year to 400 million TEU, of which 240 million TEU were handled by ports above the designated size in China, accounting for 60 percent of the total volume in Asia.

Container ports in China maintained a high growth rate.

Affected by the steady economic growth and the in-depth promotion of the "One Belt And One Road" initiative, China's foreign trade will continue to enjoy a good growth in 2017.

Container throughput at China's ports above the designated size increased 9.1 percent year on year.

Among them, container ports such as Shanghai, zhoushan of ningbo and guangzhou performed particularly well. The annual container throughput of Shanghai port exceeded 40 million TEU, up by 8.2%.

Meanwhile, container throughput at zhoushan port in ningbo and guangzhou port grew more strongly, reaching 14.2% and 8.2% respectively.

Container ports in southeast Asia grew steadily.

In 2017, container throughput growth of southeast Asian ports was basically flat with that of last year, maintaining around 3%.

Under the background of shipping alliance reorganization and liner company readjustment of port of call, the competition situation of main container ports in southeast Asia intensifies.

Among them, the container throughput of bashang port, which is less affiliated with the alliance, dropped sharply, while the container throughput of Singapore and tanjung palapas, two major ports selected by the alliance as hubs, performed well, with the growth rate reaching 8.2% and 3.4% respectively.

European ports maintained steady growth.

In 2017, affected by the overall recovery of European trade and the strong growth of container traffic on the routes of North America, Latin America and the far east, container throughput of major European ports maintained a steady growth of 5.0%, 1.7 percentage points higher than that of last year.

Container volumes at ports in the americas are up nicely.

In 2017, under the influence of the government-led "local economy" and "industrial return" plan, the trade and transportation demand of the United States was restrained to a certain extent. However, the stable economic growth of the country promoted the development of China's trade and peripheral trade, and also promoted the continuous improvement of the foreign trade situation and the rapid development of import and export business.

Therefore, the container throughput of major us ports maintained a rapid growth of 7.4% in 2017.

Container port growth in Africa rebounded.

In 2017, the annual container throughput of African ports increased by 5.6% year on year, a big contrast with the 3.4% drop of last year. Driven by China's "One Belt And One Road" initiative, foreign investment in Africa's infrastructure construction continued to increase, driving the growth of Africa's local economy and trade.

At the same time, with the strengthening of other international investment, the trade demand for construction projects is increasing rapidly, while the domestic trade demand of Africa is also steadily increasing.

3, dry bulk port growth rate steady liquid bulk throughput low speed growth

In 2017, the average BDI index was 1,145 points, an increase of 70% over 2016. The market freight price gradually stepped into the upward channel of recovery and adjustment, and the overall international demand for iron ore and coal recovered.

Affected by the growth of emerging economies and the acceleration of urbanization, the demand for infrastructure materials in India, asean and other major countries and regions has grown rapidly, and the growth rate of iron ore throughput at major ports has picked up.

In terms of coal, 2017 is the first year of the implementation of the Paris agreement. Countries around the world have promoted energy transformation and upgrading, which has weakened the global demand for coal consumption.

In addition, the global port coal consumption shows the characteristics of shifting the center of gravity to the east. Developed countries such as Europe have adopted clean energy to replace coal energy, while southeast Asian countries such as Vietnam and Indonesia mainly use coal for power generation, increasing the demand for coal.

In 2017, with the international oil price fluctuating upward in a narrow range, the 24 major oil producers including OPEC members achieved the agreement of cutting output by 1.8 million barrels per day for the first time in eight years and extended it to the end of 2018, which became the main driving factor for the rise of oil prices.

OPEC members' long-term oil production reduction agreement has reduced the global oil supply, and the overall volume of global liquid bulk cargo shipping showed a low growth rate.

Among the major crude oil ports, Qingdao port benefited from China's policy of allowing local refiners in shandong province to import crude oil independently, and its crude oil throughput maintained a strong growth rate of 5.7% year-on-year.

Russia's drop in fuel oil exports led to a 10.8 percent drop in mineral oil and oil throughput.

Antwerp's liquid bulk cargo throughput was good, up 5.7 per cent year-on-year to 73.13m tonnes.

4. Investment and construction of terminal operators' equity throughput growth slowed down

In 2017, the throughput of rights and interests of the world's top six terminal operators reached 250 million TEU. In addition to the negative growth of cosco maritime port, the throughput of rights and interests of other terminal operators increased.

Among them, the decline of the total throughput of cosco shipping group is mainly due to the fact that the throughput of Qingdao qianwan container terminal is no longer directly included in the statistics;

Hutchison whampoa is out of the negative growth trend;

Dubai global is in good business condition, with throughput growth leading the major terminal operators at 24.7%.

With the further acceleration of the global economic and trade recovery process, it is expected that the throughput of wharf operators' equity will continue to increase in the future.

In 2017, global port investment maintained a moderate growth trend, and port investment and infrastructure construction in various countries slowed down.

With the deepening of ship upsizing, port reconstruction and expansion projects have started or entered the stage of completion and operation, and the demand for new and invested ports is still not strong.

In addition, the utilization rate of wharfs in some regions is relatively low and the idle proportion is relatively high, especially the demand for bulk cargo fluctuates greatly, which affects the enthusiasm for port investment.

From the perspective of construction demand, the renewal and construction of local ports and wharfs in some regions are mainly based on the need to promote investment and economic development, while overseas investment is more focused on port profitability, so the large-scale wharf construction is decreasing.

Regionally, the construction enthusiasm in South America, Africa and other underdeveloped regions is relatively high, and even some wharf investment is led by shipping companies, mainly to reduce the logistics cost of shipping network.

However, some old port operators and global terminal operators prefer regional hub ports, and realize the agglomeration of goods in the region through the reconstruction and expansion of terminals.

From: China water transport news

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