China has made it to the top in container shipping business after overtaking Germany in terms of total TEU, according to data from the German Shipowners’ Association or Verband Deutscher Reeder (VDR).
Alfred Hartmann, President of the German Shipowners’ Association (VDR) said, “The fact that China would overtake us in this respect was quite foreseeable: for one thing, the simple reason is that very much larger container ships are being built today; for another, this was to be expected in the wake of the long crisis after 2009.”
However, in terms of the number of ships, Germany is still the leader.
