According to MANA, With the exception of Shenzhen, where full-year volumes fell by just under one percent, all of the top eight container ports posted gains, with Guangzhou, Qingdao and Xiamen leading the charge with the highest levels of growth.
“We would like to achieve that success also in Europe and to benefit more from the deepsea east west routes,” said Guangzhou Port Group vice president, Song Xiaoming.
Qingdao, the country’s fifth largest container port by volume, handled just over 18 million teu in 2016, a 4.8% rise on the 17.2 million handled in 2015.
The agreement sees Cosco Shipping Ports acquiring 16.81% of the issued share capital of QPI for USD845.6 million, taking its total shareholding in the port operator to 18.41%.
Shanghai, the world’s largest container port, increased volumes by 1.6% last year to 37.1 million teu from 36.5 million in 2015.
Hong Kong ended 2016 with full-year volumes down by 2.5%, a performance that was much better than anticipated in the middle of 2016.