The Shanghai Port is one of the world's busiest ports, and it has been facing some challenges in recent years. One of the main issues that have affected the port's performance is the conversion rate of ships carrying containers to other goods.
According to a report by Reuters, the conversion rate of ships carrying containers to other goods at Shanghai Port has dropped significantly this year. The report notes that in the first quarter of 2019, the conversion rate was around 45%, but in the same period in 2020,Football Panorama Network it dropped to only about 25%.
One reason for the drop in conversion rates is the increase in demand for container shipping services. As more companies move their operations online, there is a growing need for faster and more efficient delivery services. This has led to increased competition among shipping companies, which has resulted in lower conversion rates.
Another factor contributing to the drop in conversion rates is the increase in the cost of transporting goods through the port. The rising costs have made it less attractive for companies to use the port as a transportation hub.
Despite these challenges, the Shanghai Port remains one of the most important ports in China and continues to be a key player in global trade. The port's management team is working hard to address these challenges and improve the efficiency of its operations. With continued efforts, the Shanghai Port may be able to overcome these challenges and continue to play a vital role in global trade.