Port of Guangzhou growth expected to slow in later half of year

THE Port of Guangzhou lifted 6.1 million TEU from January to June, up 16.8 per cent year on year and one per cent more than the same period in 2008 before downturn.

But the growth is expected to slow down in the later half of year, Xinhua reported.

In the first half of year, the port registered a cargo tonnage of 201 million tonnes, up 11.7 per cent year on year, but down 8.1 per cent compared to the same period in 2008.

In June, Guangzhou handled 1.02 million TEU, down 3.2 per cent over last year. Cargo tonnage dropped 1.1 per cent.

An unidentified person from the Guangzhou Port Group said that the port is doing better than in last year, but with uncertainties in domestic and overseas economy and a sharp fall in demand for production material like coal, ore and steel, the growth in throughput is likely to slow down in the later half of year.
(Source:www.schednet.com)