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August 14 2023

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August 14, 2023 | Journal of Commerce 33 www.joc.com Special Report Top 50 Global Container Ports 340 ports worldwide, representing more than 80% of global volumes. On a regional basis, Drewry's Greater China Container Port Throughput Index increased 3.4% year over year to 111.7 points, with Shang- hai and Qingdao leading the way. Both the European and US indexes showed year-over-year declines of roughly 8%, with their respective indexes hover- ing close to 100. Comparing the top ports by vol- ume against another metric — the Container Port Performance Index — is also revealing. Only eight of the ports in the top 20 of the rankings are also found in the Container Port Performance Index 2022, a measure of container ports based on vessel time in port compiled by the World Bank and S&P Global Market Intelli- gence. S&P Global is the parent com- pany of the Journal of Commerce. JOC email: eric.johnson@spglobal.com twitter: @LogTechEric "Production growth slowed nota- bly from May's 11-month high, while new order growth remained mild over- all," the report said. "Optimism around the 12-month outlook for production waned to an eight-month low in June, as some firms expressed concerns over relatively sluggish market conditions." Another measure of industry health, the Drewry Container Port Throughput Index, showed a 1.6% year-over-year drop in May, the latest data available, for a reading of 107.6. The global index, off a baseline of 100 in January 2019, incorporates throughput data from more than China is getting closer to trading partners in Asia to offset any loss of direct volumes to Western nations, S&P Global Market Intelligence trade analysts Agnieszka Maciejew- ska and Anton Alifandi wrote in a July 25 blog. "Closer economic ties between Association of Southeast Asian Nations [ASEAN] countries and both China and the US encourage pro- duction relocation to the ASEAN-six countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam," they wrote. "The 10 ASEAN member states are becoming more integrated economically with mainland China." A slow recovery The latest S&P Global Caixin China General Manufacturing Purchasing Manufacturing Index (PMI) from July revealed a "softer improvement in operating conditions" across China's manufacturing sector during June. "The 10 ASEAN member states are becoming more integrated economically with mainland China." Total volumes at the Top 50 Global Container Ports rose 1.2% to 552.8 million TEUs in 2022. ABCDstock / Shutterstock.com

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