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In the first five months of 2008

¡¡¡¡Tianjin Port handles 26million tonnes of iron ore
¡¡¡¡Tianjin port completed iron ore throughput of 25.99 million tonnes in the first five months of 2008 up by 20% year on year. The port authority has taken many measures to address the recent excessive stocks due to a forecast on higher international iron ore prices, intensive imports and speculative holdings by domestic players and a lack of transportation capacity across the country since early this year.
¡¡¡¡These measures included well arranged shipment schedule, using rails to disperse excessive ore, raising warehouse charges, further expanding warehouses capacity and building new docks at Nanjiang. As a result, iron ore stocks at Tianjin port stood at normally 6.21 million tonnes as of June 15th 2008.

¡¡¡¡Qinzhou Port¡¯s cargo and container throughput up 74%
¡¡¡¡Qinzhou Port¡¯s cargo and container throughput in the first five months of this year rose by 47.7 % and 74.7 % respectively over the previous year to 6.33 metric tonnes and 28,300 TEUs, according to the port authority.
¡¡¡¡Qinzhou Port¡¯s terminals have optimised their cargo structure by improving their loading and unloading service levels and developing new cargo sources since the beginning of this year.


¡¡¡¡Foreign trade surges at Shanghai port
¡¡¡¡Imports and exports continued to surge at Shanghai port, with the volume totaling USD 245.5 billion in the first five months of 2008.
¡¡¡¡Shanghai Customs statistics showed the trade volume was 26.6% up year on year, 7.4 percentage points higher than that of same period of last year. With this volume, Shanghai port did about one-quarter of the country¡¯s foreign trade, said a source. In a breakdown, exports totaled USD 155.73 billion, up 28.2%, and imports made up USD 89.77 billion, up 23.9%, of which, imports under general trade accounted for USD 35.2 billion, up 28.2 % from a year ago but 3.2 percentage points faster.

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