18-01-2018

Cosco Shipping Ports 2017 container volumes surge 13pc to 87m TEU

COSCO Shipping Ports (CSP) achieved 13 per cent year-on-year growth in 2017 with container throughput at all its ports reaching a total of 87.31 million TEU. In December, volumes increased by nine per cent to 7.49 million TEU.

The gains were driven by CSP's overseas ports, a consistent pattern throughout the year where volumes rose 33 per cent to 1.86 million TEU in December and were up 39 per cent for the full-year to 18.84 million TEU, reported Seatrade Maritime News, Colchester, UK.

While the volumes at Guangxi Qinzhou International Container Terminal on China's southwest coast surprisingly declined by a fifth to 99,800 TEU in December, throughput for the year kept up a respectable 19 per cent pace to total 1.36 million TEU.

Terminals in the Pearl River Delta and on China southeast coast posted growth in December of five per cent and 14 per cent to 2.33 million TEU and 461,900 TEU respectively.

Yangtze River Delta terminals registered two per cent growth to 1.61 million TEU in December while the Bohai Rim region saw throughput decline five per cent to 1.12 million TEU.

The northern cluster of ports also saw the slowest annual growth rate among all the different regions. Throughput at terminals in the Yangtze River Delta rose by six per cent to 19.63 million TEU while volumes from Bohai Rim terminals were up just two per cent to 15.36 million TEU.

However, the Yangtze River Delta still accounts for one of the biggest chunks of overall volume, with the number of containers moved almost equivalent to volumes at the port of Hong Kong and they exceed all of CSP's overseas ports.

Source: Schednet

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