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Cosco Shipping Ports October volumes up 5% to 8m teu

Cosco Shipping Ports October volumes up 5% to 8m teu
Cosco Shipping the terminal operating arm Cosco Shipping Ports kept up the growth momentum in October, with overall throughput rising 4.9% to 8.05m teu, slightly higher than the 4.1% pace and 8m teu volume seen in September.

Worryingly however the stalwart Bohai Rim region saw a sharp deceleration in growth of just 0.8% to 2.64m teu. This is the slowest pace of growth the whole year and a big drop from the 5.9% pace seen in the preceding month.

The star performers were the overseas ports and the Southwest Coast stronghold at Guangxi QInzhou International Container Terminal, which grew 45.3% and 10.5% to 1.27m and 112,000 teu respectively.

The Southeast Coast cluster has also done well, rising  5.2% to 399,300 teu, while volume erosion at the Yangtze River Delta ports has tailed off, falling 2.4% to 1.49m teu, and stabilised at the Pearl River Delta ports falling 1.7% to 2.13m teu. The corresponding contraction in September was 4.1% and 1.5% respectively.