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The top Chinese mainland ports handled 13.5 million 
twenty-foot equivalent units (TEUs) in January 2011. This 
translates to 17 percent year-on-year growth, which is rela-
tively consistent with increases at major coastal ports from 
2001 to 2010. During this period, Shanghai became the 
largest port in the world, with 29.06 million TEUs exported 
in 2010.
In the bulk cargo markets, surplus capacity resulted in a 
drop in freight rates, especially for oil tankers and dry bulk 
cargo. The problem here is simply an imbalance of supply 
and demand. On the one hand, numerous Chinese ships 
have come on-line, thus increasing capacity. On the other 
hand, debt crises in many
pressed global demand.
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