Volumes increased significantly overseas and in the Pearl River Delta and Southeast Coast, according to recent data from the terminal operator arm of China’s COSCO Shipping.
COSCO SHIPPING Ports, the port terminal operator arm of China’s COSCO Shipping, posted an 8.5 percent increase in monthly terminal throughput for December 2017 compared to the same period a year prior, the company reported.
Throughput increased from 6.89 million TEUs in December 2016 to 7.48 million TEUs in December 2017, while full year volumes jumped 12.6 percent from 2016.
COSCO SHIPPING Ports’ overseas terminals saw December 2017 throughput rise 33.2 percent year-over-year to 1.8 million TEUs.
Volumes at Kumport in Turkey, in which the company has a partial stake, spiked 108.2 percent from December 2016, and at European terminals in Antwerp and Zeebrugge, volumes rose 22.5 percent and 48.1 percent, respectively.
The Yangtze River Delta saw a modest increase of 1.7 percent year-over-year to 1.6 million TEUs in December 2017, with volumes at Ningbo Yuan Dong Terminals experiencing a 21.7 percent boost to 251,600 TEUs. Shanghai Mingdong Container Terminals saw a 9.5 percent year-over-year increase in December 2017 to 533,500 TEUs and Xiamen Ocean Gate Container Terminals in the Southeast Coast increased 32 percent to 142,800 TEUs.
Bohai Rim saw throughout decline 4.5 percent year-over-year in December 2017 to 1.1 million TEUs, while the Southwest Coast saw a 19.8 percent drop to 99,800 TEUs.