With first quarter volumes down, Port of Nansha comes racing back with positive gains. North American trade is up 55.41%.
The Port of Nansha, the only deep sea port on the west bank of the Pearl River Delta, located north of Hong Kong in the region known as the Greater Bay Area (GBA) started slow but finished strong in 2020. There was no doubt the first quarter last year for Port of Nansha was down like most of the industry. But the Port of Nansha, part of the Guangzhou Port Group (GPG), erupted over the next three quarters to remain as the fifth largest port in the world with 23.51 million TEUs, up 1.2% vs 2019. Notably, volumes to and from North America had grown 55.7% over 2019.
Nansha, which generates approximately 75% of the total GPG volume, saw volumes grow again for the 15th year in a row. Year over year growth since 2004 reflects the ongoing migration of the GBA’s manufacturing to the western side of the Pearl River Delta. The Port’s growth is a feature of the GBA’s own expansion, as the economies in the cities of Guangzhou and Shenzhen have matured from manufacturing hubs to urban centers. Like Hong Kong, these cities now boast a large population of consumers, and imports of perishables and consumer products are growing at double digit rates building a two-way trade for the Port of Nansha.
To keep up with demand, Nansha plans an exciting year ahead with the opening of their On Dock Rail System, A State of the Art Eight-Story Cold Logistics Facility, 350,000sq meter Dry Warehouse Facility, and the opening of their 4th Fully Automated Terminal adding 5 million teu capacity