Cosco Shipping Ports Sees 10% Growth in November

Cosco Shipping Ports (CSP) continues to see good growth in throughput, driven mainly by its overseas investments, as overall volumes rose 10% to 8.4m teu in November from 7.6m teu in the same month in 2015.

News ID: 70921

Date: 18 December 2016 - 11:55

Throughput at CSP's overseas terminals almost doubled to 1.3m teu from 758,700 teu previously, MANA correspondent reported.

The next best performing segment was the rapidly ramping up of China’s Southeast Coast region where volumes rose 16.9% to 418,500 teu from 358,000 teu previously.

Meanwhile the bread and butter Bohai Rim and Yangtze River Delta regions also saw steady growth and recovery from previous months respectively. Throughput at the Bohai Rim region grew 4.5% to 2.7m teu from 2.6m teu previously while at the Yangtze River Delta region volumes rose 3.2% to 1.6m teu from 1.5m teu in the previous corresponding period. This was the first month of positive growth for the latter region in the whole of 2016.

Big falls in the Hong Kong terminals of 17.2% and 14.9% at Cosco-HIT and Asia Container terminals respectively were offset by a 15.4% rise at Nansha.