20-02-2017

Cosco Shipping Ports' January throughput rises 7pc to 8.38m TEU

Cosco

CHINA-BASED global terminal operator, Cosco Shipping Ports (CSP) reported a 7 per cent container throughput in January to 8.38 million TEU from 7.83 million TEU in the previous corresponding period.

CSP's overseas terminals once again took the lead segment with volumes soaring 38 per cent to 1.41 million TEU, compared to 1.02 million TEU in the same month last year.

The key Bohai Rim and Yangtze River Delta regions also performed well with volume gains of 3 per cent and 2 per cent respectively. Throughput rose to 2.76 million TEU from 2.68 million TEU at the Bohai Rim region in January, while at the Yangtze River Delta, volumes rose to 1.62 million TEU from 1.58 million TEU in January 2016, Seatrade Maritime News reported.

The Pearl River Delta region, which includes the group's Hong Kong terminals, which had been struggling all through last year managed to turn in positive growth in throughput, with volumes rising 3 per cent to 2.16 million TEU from 2.10 million TEU. COSCO-HIT terminal in particular turned in a stellar 21 per cent rise in throughput for January.

The slowly growing ports on the Southeast coast grew 4 per cent to 349,100 TEU from 336,700 TEU previously. And the single port on the Southwest coast started the year slowly, being the only port to see negative growth, with throughput falling 9 per cent to 93,100 TEU from 102,700 TEU previously.

Source: Schednet

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