[200917.EN.BIZ] Cosco Box Terminals Record 13pc Growth in August to 7.7m TEU

CHINA's major port operator, Cosco Shipping Ports (CSP), continued with its strong pace of growth in August, with overall throughput increasing 13 per cent to 7.7 million TEU from 6.8 million TEU in the same month last year.

Reflecting the pattern of previous months, gains were led by the overseas ports which saw volumes soar 40 per cent to 1.6 million TEU from 1.1 million TEU in August 2016, Seatrade Maritime News of Colchester, UK reported.

This was followed by the key Pearl River Delta and Yangtze River Delta regions which saw throughput rise 10 per cent and 6 per cent to 2.4 million TEU and 1.7 million TEU respectively.

The Bohai Rim region continues to show the most anaemic growth among the segments with volumes rising 3 per cent to 1.4 million TEU. Meanwhile the newer ports in the growth regions on the Southeast and Southwest coasts continue to ramp up strongly with the former seeing throughput rise 11 per cent to 468,500 TEU and the latter spiking by a fifth to 121,700 TEU.

Source : HKSG.