19-01-2017

Cosco Shipping Ports’ 2016 container throughput rises 5pc to 95m TEU

CoscoShippingport

CHINA-BASED global terminal operator, Cosco Shipping Ports (CSP) reported a 10.5 per cent increase in container throughput in December to 8.4 million TEU, on the back of a staggering 72.1 per cent growth at its overseas ports.

Overall volumes grew by 5.1 per cent in 2016 to 95.1 million TEU despite the Pearl River Delta and Yangtze River Delta regions recording declines of 2.1 per cent and three per cent to 24.7 million TEU and 18.5 million TEU, respectively, reported Seatrade Maritime News.

In December, the Bohai Rim Region's throughput increased by 3.7 per cent to 2.7 million TEU, while the southeast coastal region grew by 9.8 per cent to 403,800 TEU. Box volumes in the Yangtze River Delta and Pearl River Delta regions rose 1.8 per cent and 1.6 per cent to 1.6 million TEU and 2.2 million TEU, respectively.

On the other hand, the declines at the port group's Hong Kong terminals continued and after a brief blip the previous month, ending the year down. Volumes at Cosco-HIT Terminal declined by 8.3 per cent to 116,800 TEU, and at Asia Container Terminal volumes fell 7.4 per cent to 110,500 TEU in December.

For the year, the respective falls were 14.7 per cent and 13.1 per cent. Other terminals in the Pearl River Delta also struggled to keep pace over the year, with only the relatively new Guangzhou South China Oceangate Container Terminal registering 6.6 per cent growth for the year to 4.8 million TEU.

Growth at the overseas terminals skyrocketed 72.1 per cent to 1.4 million TEU, from three ports that were not included in the previous corresponding figures and added slightly over 500,000 boxes to the overall number.

Source: Schednet

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