Shanghai Port just made maritime history, becoming the first port ever to handle over 50 million TEUs (20-foot equivalent units) in a single year!
The record-breaking moment hit on December 22, cementing its dominance as the world’s busiest container port for 14 straight years.
For context: A TEU is the standard measure for shipping containers. Imagine stacking 50 million of these metal giants – that’s enough to circle the Earth multiple times!
The port’s growth reflects China’s booming trade networks and its role as a global logistics hub. Analysts say this milestone could reshape supply chain strategies in 2024, especially for tech, retail, and green energy sectors.
Why it matters: Over 30% of China’s foreign trade flows through Shanghai’s docks, linking markets from Asia to Europe. As one worker put it: “We’re not just moving boxes – we’re connecting economies.”
Reference(s):
Shanghai Port sets new record in annual container throughput
cgtn.com