COSCO container terminals have healthy May
Hong Kong-based terminal operator COSCO Pacific saw its May container volume spike 20.6 percent at the 20 terminals in which it owns partial or whole stakes.
Headlining the growth was a strong surge in the company's Chinese terminals (17 of its 20 facilities are in China). COSCO's six terminals in the Yangtze River Delta region saw growth of 27.2 percent, to 850,400 TEUs during the month, while its five terminals in south China saw growth of 25.6 percent, to 1.4 million TEUs.
The company's five terminals in Northeast China saw growth of 5.8 percent in May, to 1.4 million TEUs. Meanwhile, COSCO's four overseas terminals (in Egypt, Singapore, Greece and Belgium) saw 48 percent growth, to 486,000 TEUs, though much of that growth is due to the fact that COSCO is now counting volume from its terminal in Piraeus (which it didn't operate in May 2009).