COSCO container volume up 19.4% in 2010
Container volume in 2010 for the global container terminal operator COSCO Pacific rose 19.4 percent, to 48.5 million TEUs.
However, the numbers COSCO releases reflect total volume counts for the terminals in which it owns a stake — the volume is not prorated to account for the company's percentage stake in each terminal, so the company's total volume for 2010 is likely to be lower than it has reported.
COSCO Pacific has full or partial stakes in 21 terminals, 18 of which are in China (including Hong Kong). Among the Chinese terminals, volume at the company's South China terminals grew the most in 2010, at 20.9 percent to 16 million TEUs (helped by 41.9 percent growth at COSCO's terminal in Nansha, which it jointly operates with APM Terminals).
In the Bohai Bay region in northern China, COSCO's volume grew 18 percent, to 17.2 million mirroring the 18 percent growth at its Qingdao terminal, COSCO's single- busiest terminal.
The 16.9 percent volume growth at the company's Yangtze River Delta terminals, to 9.8 million TEUs, was helped primarily by 52.6 percent growth at its Ningbo terminal, to 1.7 million TEUs.
December global volume growth was slower than for the year as a whole — 12.8 percent, to 4.1 million TEUs.