Qingdao Port throughout was up 9% in January and February from a year earlier, while container throughout was up 6%. Which is a great improvement but it is still not quite back up to the levels it enjoyed before the financial crisis.
Chairman of Qingdao Port Chang Dechuan said he expected overall port volume to be strong in the first half, although levels would remain below those reached before the global recession.
CargoNews Asia reports he said iron ore stocks at the port stood at 10 million tons, down from their peak, but again showing strong demand from steel mills. Qingdao Port is the nation’s largest iron ore and crude oil port.