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Shanghai port consolidates its position as world's busiest

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SHANGHAI, the world's busiest container port, will consolidate its title this year and leverage its record throughput to become a multi-faceted provider of port services.
The city, which overtook Singapore as the world's biggest container handler last year, saw its annual container traffic volume surpass 30 million 20-foot equivalent units (TEU) yesterday. The figure hits an unprecedented level in the world's port history and marks a new leg in Shanghai's voyage to become a global shipping center by 2020.
China's remarkable trade boom is reflected in the Shanghai port numbers, which went from 7,951 TEUs in 1978 to 29.05 million TEUs in 2010. The city's customs oversaw a total of US$790 billion worth of imports and exports in the first three quarters of this year - a 19.3 percent year-on-year increase. And its port handled 23.9 million TEUs over the first 10 months, ahead of that of 23.56 million TEUs at Singapore Port. Shanghai International Port (Group) Co,…