[200317.EN.BIZ] Cosco Shipping Ports' Feb Throughput Rises 6pc to 6.94m TEU

CHINA-BASED global terminal port operator Cosco Shipping Ports (CSP) reported a 5.6 per cent increase in overall throughput for February but saw drops in its key Bohai Rim and Yangtze River Delta regions.

CSP said in a statement that February overall throughput across all its ports rose to 6.94 million TEU from 6.57 million TEU in the previous corresponding period, Seatrade Maritime News of Colchester, UK, reported.

The China-focused port operator said throughput at the Bohai Rim ports fell 1.6 per cent to 2.22 million TEU from 2.25 million TEU previously, while at the Yangtze River Delta region volumes fell 3.6 per cent to 1.36 million TEU from 1.41 million TEU previously.

CSP's Pearl River Delta ports however saw a welcome recovery, with throughput rising 4.5 per cent to 1.61 million TEU from 1.54 million TEU previously, with the Hong Kong terminals in particular doing well to recover from a very low base in the previous corresponding period. Worryingly however, CSP's Yantian International Container Terminals, which had been a stalwart performer in that cluster, saw volumes plunge 16 per cent to 649,400 TEU.

The newer ports on the Southeast Coast and Southwest Coast continued on their steady growth trend, rising 16 per cent and 11 per cent to 321,100 TEU and 70,200 TEU respectively. And CSP's overseas ports also continued to do well, with throughput rising 33 per cent to 1.36 million TEU from 1.03 million TEU previously.

Source : HKSG.