COSCO Pacific November throughput up 8%

 

 COSCO Pacific's November throughput for container terminals showed that China's major ports continue to see limited growth while some medium-sized and niche ports are growing well in a down year.

   The terminal operator reported that throughput for its 20 terminals increased 8 percent in the month, compared with the same month in 2007. Highlighting the growth was 80.8 percent growth at COSCO's terminal in the Port of Dalian (to 126,800 TEUs), 32 percent growth in its terminal in Nansha (to 122,800 TEUs) and 82.6 percent growth at its terminal in Ningbo (to 89,000 TEUs).

   That balanced out modest growth in COSCO's terminals in Shanghai (to 560,000 TEUs in November). In the Pearl River Delta region, COSCO's Yantian terminal (in the Port of Shenzhen) saw 8.1 percent growth for the month (to 883,500 TEUs), but its nearby terminal in Hong Kong saw volume decline by 15 percent (to 121,600 TEUs).

   For the year, COSCO's terminals, 17 of which are in China, has seen 19.5 percent growth to 42 million TEUs, buoyed largely by big growth in Dalian, Nansha and its stake in the Suez Canal Container Terminal in Egypt. 

 

Source: Portnews