Shanghai reported total container volumes of 4.10m teu in May, for its strongest
monthly performance so far this year. Although the May volumes were 20.5% higher
than the corresponding period last year, the large increase was due to the
2-month COVID-19 lockdown in April and May 2022 which dragged down Shanghai’s
volumes last year. YTD volume growth for the first 5 months of the year reached
4.4% but volumes remain well below the 2022 monthly peak of 4.35m teu.
In the India subcontinent, Nhava