The volume of goods transported around the globe by container ships has increased continuously in recent years. Data from the Hong Kong Marine Department shows that ports in Asia, especially in China, are increasingly dominating the industry. In 2005, there were still two European and one North American port in the ranking of the biggest shipping hubs in the world. In 2019, only Rotterdam remained in the top 10 – in the bottom rank.
Asian ports have grown at a fast rate in recent years. In addition to several Chinese ports, Singapore and Busan in South Korea also made the top 10 ranking. In Malaysia, Taiwan and Thailand, completely new shipping hubs have emerged.
In contrast to the production of goods, the increases in port size in Asia are not an indication that the Asian port technology itself in more innovative, faster or more competitive. According to experts, the development of port infrastructure simply reflects the growth in trade flows.
Maritime shipping suffered from the coronavirus crisis earlier this year, as supply chains around the globe were disrupted. Shipping volumes picked up towards the end of the year approaching Christmas season as usual, but expectations for Asian ports were surpassed. Major restocking demand in the U.S. and Europe caused shipping costs to soar as ships were booked solid and containers turned into a scarce commodity.