Shenzhen port to handle 10 million TEUs this year

Shenzhen port to handle 10 million TEUs this year    The Shenzhen ports authority has predicted that the Shenzhen ports of South China will handle a total of 10 million TEUs for the first time this year.
   The port authority, which covers China’s mainland region opposite Hong Kong, also reported an aggregate container throughput growth of 40 percent for the first eight months of this year, as compared to the same period in 2002. A total of 6.6 million TEUs were handled from January to August.
   Foreign cargo tonnage figures are now growing faster than for domestic coastwide trade, and overall Shenzhen’s ports are heading for a year-end total in excess of 1 billion cargo tons, the port authority said.
   The authority broke down its eight-month container figures for Shenzhen’s five major terminals as follows: Yantian International Container Terminals, 3,294,000 TEUs, up 26.8 percent; Chiwan Container Terminal, 1,005,000 TEUs, up 40.0 percent; Shekou Container Terminal, 925,000TEUs, up 82.7 percent; China Merchants Port Service (Shenzhen), 547,000 TEUs, up 40.3 percent; and Haixing Harbor Development Co., Ltd., 190,000 TEUs, up 37 percent.
   Overall, the port authority said that its rate of growth may have slowed a little, but the total container throughput has still achieved consecutive historic record highs over each of the last four months. In August alone, Shenzhen ports handled 1.1 million TEUs.