China's waterway cargo transport rises 7% from January to May

26 Jun '24

1 min read

China's waterway cargo transport rises 7% from January to May

Pic: Adobe Stock

Insights

From January to May, China's waterways transported approximately 3.9 billion tonnes of cargo, a 7 per cent increase year-on-year.
Container throughput at ports surpassed 130 million TEUs, an 8.8 per cent rise.
Fixed-asset investment in waterway transport reached 78.6 billion yuan, up 7.2 per cent.
In 2023, waterway freight volume hit 9.4 billion tonnes.

From January to May, approximately 3.9 billion tonnes of cargo were transported via waterways across China, marking a 7 per cent year-on-year increase, according to the Ministry of Transport.

Container throughput at ports across China surpassed 130 million twenty-foot equivalent units (TEUs) during this period, reflecting an 8.8 per cent rise compared to the previous year, Chinese media reports said quoting vice minister Fu Xuyin.

The country's fixed-asset investment in waterway transport touched 78.6 billion yuan (~$11.1 billion) in the first five months of this year, marking a 7.2 per cent year-on-year increase and maintaining a high level of investment. This funding has supported significant infrastructure projects, such as the Pinglu Canal, which aims to enhance connectivity between south China's Guangxi Zhuang Autonomous Region and Southeast Asian countries.

Highlighting the importance of technological advancement, Fu noted that developing smart ports is a top priority for China's waterway transport sector. Efforts are being made to expedite the automation of various port facilities, with 21 container ports and 28 dry bulk ports currently operating automatically.

In 2023, China’s waterway freight volume achieved a record high of approximately 9.4 billion tonnes.

Fibre2Fashion News Desk (KD)

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