In Qingdao Port, one of the most important international market ports of China, it is anticipated a gradual rebound in volume for the first semester of 2010. This will be the result of a strategy designed to return to the level recorded before the recession.

The port’s cargo activity increased with more than 8% in the first two months compared to last year, and the container volume grew up 6%, said Chang Dechuan, their Chairman. He was interviewed this week before the annual meeting of the National People’s Congress. He stated that they anticipated general port volume to become intense in these months, although levels might continue below those obtained before the financial crisis.

He mentioned iron ore stocks there was standing at 10,000,000 tons, down from their maximum. This is an important aspect because we speak here about the major iron ore Chinese port and also the most important for the crude oil transit. It is also an important point for the vigor of the exports and for the condition of industrial demand of China.