Cosco Pacific June volumes up 4.5% to 8m teu

Cosco Pacific continued to see container throughput rise in June with overall volumes rising 4.5% to 7.96m teu, led by good growth in its overseas terminals and the rapidly growing Southwest Coast and Southeast Coast ports, but dragged down however by the mature ports in the Pearl River Delta and Yangtze River Delta.

Overseas terminals saw a 31.1% rise in throughput to 1.09m teu while the sole port in the Southwest cluster for now, Guangxi Qinzhou International Container Terminal saw volumes rise 61% to 87,700 teu. On the Southeast Coast, throughput rose 25.2% to 394,600 teu.

At the key Bohai Rim region, throughput rose a steady 5.7% to 2.84m teu. In the Yangtze River Delta however, volumes fell once again by 3.1% to 1.56m teu and the Pearl River Delta also continued its anaemic trend, with volumes sliding 6.4% to 1.99m teu.

For the first half of the year, Cosco Pacific managed to perform creditably against its peers, still managing to turn in a 3.5% growth in throughput to 46.03m teu whereas some other operators have growth sliding into the negative for the year-to-date.

Meanwhile the port of Hong Kong cotinued to see throughput slide in June although at a slower rate with volume at the main Kwai Tsing terminals sliding 4.9% to 1.27m teu while overall throughput fell 8.6% to 1.61m teu.

The non-Kwai Tsing terminals saw volume slide 20.2% to 340,000 teu.

For  the first half of the year overall volume fell 10.5% to 9.16m teu.

Posted 19 July 2016

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Vincent Wee

Asia Editor, Seatrade Maritime News

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