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Cosco Shipping Ports Sept throughput up 18% on good growth overseas

Cosco Shipping Ports Sept throughput up 18% on good growth overseas
Cosco Shipping Ports (CSP) continues to perform well in September, with overall volumes rising 18% to 7.7m teu from 6.5m teu previously, driven by huge gains in its overseas investments and recovery in traditional markets such as the Pearl River Delta and Yangtze River Delta regions.

CSP's overseas ports saw throughput rise 47% to 1.5m teu from just over 1m teu previously as volumes at its Turkey investment in Kumport and at European terminals in Antwerp and Zeebrugge spiked. Meanwhile volumes at Busan Port Terminal also nearly doubled to 288,300 teu.

The traditional hub of the Bohai Rim continues to lag, with the slowest growth of a still not shabby 7% to 1.4m teu while the other key regions of the Yangtze River Delta and Pearl River Delta outpaced it at 8% and 18% to 1.6m teu and 2.6m teu respectively.

The emerging ports on the Southeast and Southwest coasts meanwhile continue to forge ahead with 16% and 54% growth to 447,700 teu and 131,700 teu respectively as the new markets keep up the good pace into the high season.