Home » Breaking News, Ports/Terminals » China harbor and port revenue up 10 percent in 2011—report

China’s harbor and port operations revenue for the freight transportation industry is expected to total US$39.4 billion by the end of 2011, up 10 percent from 2010, according to a report by IBISWorld, a U.S.-based publisher of industry research.

In throughput, China has become the largest harbor and port operator in the world last year, with 9.06 billion tons of freight throughput.

“Operations for container transportation developed even faster than those for total freight transportation, while container handling is more profitable and more efficient,” IBISWorld said in a statement on January 15.

A strong GDP growth will further support the development of the country’s harbor and port operations, the report added.

Despite the appreciating Chinese currency and the global financial crisis, the industry is expected to grow 11 percent in 2012, reaching $43.76 billion, on the back of strong performance in GDP and in imports.

Industry revenue growth over the next five years is expected to be 9.2 percent per year, to reach $61.2 billion in 2016. In the past five years, growth forecast was 6.3 percent per year.

 

Photo by JMR_Photography

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