Tianjin Port Remains Fourth Largest Port in the World
Tianjin port saw its cargo throughout exceed the 500 million ton mark for the first time for this year. By exceeding the mark the port remained as the world’s 4th biggest harbor based on cargo throughput.
The port is located just off the Coast of Bohai Sea the port follows the Ningbo-Zhoushan port in Shanghai both can be found in eastern China and the port of Singapore based on cargo throughput volume. The improved infrastructure allows steady goods to come in from the inland which has contributed to the growth of the port’s throughput with oil products, coal, steel and ore as the main goods that were delivered by the harbor. The Tianjin port is the biggest comprehensive port in northern China that has established trade ties with more than 500 ports in 180 countries and regions.
The port has listed yuan denominated A shares in the Shanghai Stock Exchange and the port’s share have inched up around .48 percent closing at 8.32 yuan, while the benchmark of the Shanghai Composite Index closed at .18 percent lower which is 2,097.52 after the government has pledged to stabilize liquidity and the financial market failed to give assurance to investors.