The London P&I Club reports positive 2026 renewals, underpinned by disciplined underwriting and strong Member support
By Maritime Fairtrade The London P&I Club has concluded the 2026 renewal season with another positive outcome, reflecting a
By Naucher
Cargo volume at the world’s major container ports once again exceeded forecasts in 2025, with an estimated increase of 5.2%, compared to 7.5% in 2024. This growth was driven by both stronger trade demand and significant disruptions to the liner shipping network. Asian ports maintain their strong presence in the top 10, with nine of their ports holding these positions. According to data from the consultancy Alphaliner, Shanghai continues to lead the ranking with over 55 million TEUs handled and a 6.9% increase compared to 2024. Singapore ranks second with an 8.6% increase to 44,663,699 TEUs, while the port of Ningbo-Zhoushan (China) completes the top three with 43,870,000 TEUs, showing the strongest growth among the top 10 compared to 2024, with an 11.6% increase.
The Chinese ports of Shenzhen, Qingdao, and Guangzhou occupy the fourth, fifth, and sixth positions, respectively, in this Alphaliner ranking. The South Korean port of Busan is in seventh place, while Tianjin (China) remains in eighth. The main characteristic of these top eight ports is that they all experienced growth in cargo volume. The only non-Asian port to remain in the top 10 is the Port of Los Angeles (USA), with just over 20 million TEUs, a 0.9% increase compared to 2024. Jebel Ali in Dubai completes the top ten. However, the fastest-growing port in the top 15 over the past year was Tanjung Pelepas in Malaysia, which increased its activity from just over 12 million TEUs in 2024 to 14 million in 2025, a 14.5% rise. The threat —and temporary imposition in April— of US tariffs caused a major redistribution of cargo, especially in Southeast Asia, which these data explain, while the closure of the Red Sea continued to divert cargo to other ports.
As for the Western Mediterranean, the port of Tangier Med remains in 17th position, having already reached 11 million TEUs and with an increase of 8.4% compared to the 2024 figures. Finally, we can also see that Valencia is the first Spanish port in this category, with 5.7 million TEUs but outside the ‘top 30’, remaining in 39th position and with a growth of 3.4%.
Three Spanish ports in the European top 10:
Valencia, Algeciras, and Barcelona remain firmly in these top positions at the European level, although with different outlooks for 2025. Valencia, with 5.7 million TEUs and a 3.4% increase compared to 2024, maintains its fourth-place ranking in Europe, behind only Rotterdam, Antwerp, and Hamburg. Fifth place goes to the port of Bremerhaven, which surpassed its larger neighbor with a 9.3% increase. It benefited from route adjustments and greater efficiency thanks to the implementation of the Navis N4 terminal operating system. However, both ports suffered a significant loss of traffic during the pandemic: while Bremerhaven recovered to its previous levels, Hamburg has not yet reached pre-pandemic levels.
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By Maritime Fairtrade The London P&I Club has concluded the 2026 renewal season with another positive outcome, reflecting a
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