20-05-2017

Cosco's port operator boosts April volume 10pc to 8.7 million TEU

CoscoP

CHINA Cosco Shipping Ports, formerly the group's terminal operator, Cosco Pacific, posted April volumes of portfolio wide, a year-on-year increase of 10 per cent.

Even volumes from the previously struggling Bohai Rim region rose 2.7 per cent to 2.87 million TEU from 2.79 million TEU previously, while the Yangtze River Delta ports rose 4.1 per cent to 1.64 million TEU from 1.58 million TEU in April last year.

The newly rising ports of the Southeast Coast saw volumes rise five per cent to 382,600 TEU from 364,300 TEU and even the weak Pearl River Delta region saw an outstanding 7.1 per cent rise in volume to 2.14 million TEU.

The sole port in the Southwest Coast cluster, Guangxi Qinzhou International Container Terminal rose 22.4 per cent to 107,800 TEU. And Cosco Shipping Port's international ports continued along their steady high growth path rising 45.5 per cent to 1.53 million TEU from 1.05 million TEU.

Meanwhile the Port of Hong Kong saw volumes rise 10 per cent year on year to 1.74 million TEU in April. Performance at the main Kwai Tsing terminals was especially good rising 10.5 per cent to 1.38 million TEU. 

While at the non-Kwai Tsing river trade and midstream terminal operators' ports volumes rose eight per cent to 360,000 TEU from 333,000 TEU.

Source: Schednet 

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