Container turnover of Cosco Shipping Ports increased by 10% in April 2017

Cosco Shipping PortsThe container turnover of the Chinese port operator Cosco Shipping Ports increased by 10% yoy in April 2017 to 8.66 million TEU. The acceleration of growth in April keeps the uptrend in volumes for the four months since the beginning, averaging to 8.2% compared to the same period last year. The biggest increase in traffic was reported by the terminals outside China. In total, the foreign assets of Cosco Shipping Ports exceeded 1.5 million TEU in April, which is 45% more than an year ago. The turnover of terminals in the Greek port of Piraeus increased by 10.8% to 295.9 thousand TEU, the Suez Container Terminal in Egypt increased volumes by 15% to 738.4 thousand TEU. The container terminal ECT in the port of Rotterdam surpassed 231 thousand TEU in April, while in March the terminal turnover was 225.8 thousand TEU.

In China, the turnover of CSP terminals in ports on the coast of Bohai Bay increased by almost 3% and amounted to 2.86 million TEU at the end of the month. Qingdao Qianwan Container Terminal, which is the largest in the CSP portfolio and accounting for almost a fifth of the operator’s total turnover, handled 1.55 million TEU, representing an increase of 4.9% from the previous year. On average, for four months the terminal’s turnover decreased by 1.3%.

The terminals of the southeastern coast of China last month increased the transshipment by 5% to 383 thousand TEU, the south-west coast dropped by 22% to 107 thousand TEU.

The container turnover of the ports located in the deltas of the Yangtze and Zhujiang rivers showed an increase in volumes of 4.1% and 7.1%, to 1.6 million TEU and 2.1 million TEU, respectively.

Cosco Shipping Ports is a subsidiary and listed company of China Cosco owned by Cosco Group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding.