Port of Shanghai container throughput down 20% to 2m TEU in April

Container throughput of China's ports dropped deeply in April 2009, contrary to the moderate decline in March.
Port of Shanghai handled 2m teu in April, down 20% from a year earlier, far higher than the 7%-decrease in the previous month, while Shenzhen, another main container port in China, would have likely seen a deeper plunge, Citigroup said in a report.
Citigroup maintains its prediction that the container throughput of China's ports in 2009 will drop 10% year on year.