A trade lane (or trade route) refers to a specific pathway along which goods are transported between two or more locations, typically across international borders. Trade lanes are established based on the flow of goods and the economic relationships between countries or regions. They encompass both maritime and air routes and play a crucial role in global supply chains by facilitating the movement of goods and fostering international trade.
Transit time refers to the duration it takes for goods or shipments to travel from their origin to their destination. It is a crucial metric in supply chain and logistics management, as it directly impacts delivery schedules, inventory levels, and customer satisfaction. Transit time encompasses the entire journey of a shipment, including transportation, handling, and processing at various checkpoints along the route.
Transloading refers to the process of transferring goods or cargo from one mode of transportation to another, typically from one type of truck or railcar to another, or from rail to truck and vice versa. This logistical practice is often employed to optimize transportation routes, reduce costs, and improve overall efficiency in supply chain operations.
A Transportation Management System (TMS) is a specialized software solution designed to streamline and optimize transportation and logistics operations within supply chains. It provides functionalities to effectively manage and control the movement of goods from origin to destination.
Transportation lead time refers to the duration it takes for goods to be transported from the point of origin to the final destination. It encompasses the time required for transportation activities, including loading, transit, and unloading, across various modes of transport such as road, rail, air, or sea.
A transshipment is the process of transferring goods from one transportation vehicle or vessel to another during their journey from origin to destination. It typically occurs at intermediary points along the supply chain route, where cargo is transferred between different modes of transportation, carriers or vessels.
Twenty-foot Equivalent Unit (TEU) is a standard unit of measurement used in the shipping industry to quantify the cargo-carrying capacity of container vessels. It represents the volume of a standard twenty-foot-long shipping container.
An Ultra Large Container Vessel (ULCV) is a massive container ship used on major trade routes, capable of carrying over 14,000 TEUs.
Vendor Managed Inventory (VMI) is a supply chain management strategy where the supplier or vendor takes responsibility for managing the inventory levels of their products at the customer's or retailer's location. In this arrangement, the vendor monitors the inventory levels based on agreed-upon criteria such as sales data or inventory levels, and initiates replenishment as needed.
Verified Gross Mass (VGM) is a term used in the shipping industry to refer to the total weight of a packed container, including its contents and packaging materials. It is a crucial requirement mandated by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS) convention to enhance safety in maritime transportation.
A floating structure with its own mode of propulsion designed for the transport of cargo and/or passengers. In the Industry Blueprint 1.0 "Vessel" is used synonymously with "Container vessel", hence a vessel with the primary function of transporting containers.
A vessel sharing agreement (VSA) is a cooperative arrangement between shipping companies that allows them to share space and resources on vessels for specific routes.
Vessel bunching refers to the situation where multiple vessels arrive at a port simultaneously or within a short period, leading to congestion and delays. This clustering of vessels can overwhelm port facilities, causing extended wait times for berthing, loading, and unloading operations.
A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
The Six Largest Cargo Ports in China
China's ports dominate the global shipping industry, leading the world in cargo handling volumes and acting as crucial pillars for the country's trade and economy. Of the ten busiest ports in Asia, eight are located in China.
1. Port of Shanghai (CNSHG)
As the busiest container port in the world, the Port of Shanghai is a crucial hub for China's economic activity and global trade networks.
- Location: The Port of Shanghai is located on the eastern coast of China, where the Yangtze River meets the East China Sea. It is situated in the city of Shanghai, one of China’s most important economic and industrial centers.
- Annual Container Throughput: 47.3 million TEU in 2022 (Lloyd's List)
- Annual Cargo Volume: 539 million tonnes in 2021 (Statista)
- Key Commodities: Electronics, textiles, machinery.
2. Port of Ningbo-Zhoushan (CNNGB)
The Port of Ningbo-Zhoushan serves as a major transshipment hub, with robust connections to global shipping routes and extensive handling of bulk commodities.
- Location: This port is located in the Zhejiang province on China’s eastern coast, bordering the East China Sea. It lies near the cities of Ningbo and Zhoushan, both key industrial and maritime centers.
- Annual Container Throughput: 35.3 million TEU in 2023 (Hellenic Shipping News)
- Annual Cargo Volume: 1.3 billion tonnes in 2023 (Hellenic Shipping News)
- Key Commodities: Crude oil, coal, iron ore.
3. Port of Shenzhen (CNSZP)
Known as China's "Silicon Valley," the Port of Shenzhen plays a pivotal role in supporting the country’s vast manufacturing industry and global tech exports.
- Location: The port is located in the Guangdong province on the southern coast of China, along the Pearl River Delta, facing the South China Sea. Shenzhen is a rapidly growing city and a major economic zone.
- Annual Container Throughput: 30.0 million TEU in 2022 (Lloyd's List)
- Annual Cargo Volume: Approximately 280 million tonnes in 2023 (Shenzhen Government)
- Key Commodities: Electronics, consumer goods, machinery.
4. Port of Guangzhou (CNGZG)
The Port of Guangzhou is essential for China's Pearl River Delta region, one of the most industrialized and economically active areas in the country.
- Location: Situated in the Guangdong province, the port lies on the Pearl River, providing access to the South China Sea. Guangzhou is a major metropolis and trade center in southern China.
- Annual Container Throughput: 24.9 million TEU in 2022 (Lloyd's List)
- Annual Cargo Volume: 675 million tonnes in 2023 (The Macao News)
- Key Commodities: Automotive parts, machinery, textiles.
5. Port of Qingdao (CNQDG)
The Port of Qingdao is a significant gateway to Northern China, specializing in bulk cargo and serving as a key link for regional trade.
- Location: The port is located on the northeastern coast of China, in the Shandong province, by the Yellow Sea. Qingdao is a major commercial and industrial city in the region.
- Annual Container Throughput: 25.7 million TEU in 2022 (Lloyd's List)
- Annual Cargo Volume: Exceeded 700 million tonnes in 2023 (China Daily)
- Key Commodities: Chemicals, machinery, agricultural products.
6. Port of Tianjin (CNTXG)
The Port of Tianjin is Northern China's largest port, providing essential connectivity between Beijing and global markets.
- Location: Situated in the northern part of China, in the Tianjin municipality, the port lies on the Bohai Bay, which leads to the Yellow Sea. It is the main maritime gateway for the capital city, Beijing.
- Annual Container Throughput: 21.0 million TEU in 2022 (Lloyd's List)
- Annual Cargo Volume: 445 million tonnes in 2023 (Tianjin Port Development Holdings Limited)
- Key Commodities: Iron ore, crude oil, electronics.