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Lowest growth in the world's ports in five years

The largest ports in the world experienced on average the lowest growth in five years with an increase of just 1.8 percent in handled volumes in the first quarter 2015. Several ports deviate from the trend however, according to an analysis from Shanghai International Shipping Institute.

Photo: Hamborg Havn

The growth at the largest ports in the world set a slow pace in the first quarter of the year, where a weakened global economy and weak productivity impacted most players negatively. In total, the ports registered the lowest growth in the throughput of goods in five years, with just 1.8 percent compared to the same period last year, according to a new analysis from Shanghai International Shipping Institute (SISI).

"In Q1, global economy continued the slow growth in the previous quarter, mirroring a sluggish and uneven recovery. European market sped up its recovery, but the overall performance of developed economies presented a downtrend as affected by stagnant U.S. growth," writes SISI.

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