Port of Nanjing's box volume down 10.8pc

EASTERN China's port of Nanjing recorded 10.8 per cent's year on year decrease in its container throughput to 730,000 TEU in August, despite a 2.7 per cent's increase in its throughput tonnage over July.

From January to August, the port's throughput came to 77.98 million tonnes, up 1.1 per cent year on year. Nanjing is an important port on the Yangtze River port for sea-river and water-land transshipments. Rise of its throughput sends out a signal of recovery for the economy in the Yangtze River region and eastern China, said the report of Xinhua.

Nanjing recorded the lowest steel throughput figure this year compared to prior years, about one million tonnes every month, less than half the volume last year, according to deputy manager of Nanjing Port Group Yang Lianhong. The port's steel throughput this year is estimated to be about 20 million tonnes, only one third of last year's figure.

Steel is the largest category in Nanjing port's export cargo. The shrinking volume of its steel throughput is a reflection that the world's manufacturing industry is still dim.

Source: www.schednet.com