Shanghai Surpasses Singapore as World’s Busiest Port

Shanghai surpassed Singapore in container traffic last year, making China’s wealthiest city the world’s busiest port as the country churns out more export goods and boosts trade volumes.

Traffic in 2010 rose to 29.05 million, 20-foot equivalent units, or TEUs, the Shanghai municipal government said in a media release on its website. That’s about 500,000 TEUs more than Singapore, the release said. Shanghai’s cargo volume was about 650 million metric tons last year, it said.