Domestic trade cargo throughput in the third quarter rose at ports in China, as did overall trade in South Korea. In the container trade, throughput rose at North American ports while growth stagnated in Europe due to the varying effects of the realignment of the alliances on the various sectors.
Global container port volumes grew at 7.7% in the third quarter, higher than expected, according to a survey by analyst Alphaliner.
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.
Commodities-focussed north China port operator Qinghuangdao Port reported good cargo throughput growth in the first nine months of the year, with overall throughput at its three terminals rising 30% to 290.7m tonnes from 224.3m tonnes in the previous corresponding quarter.
The Port of Hong Kong saw an unexpected drop in August throughput, with volumes falling 2% to 1.76m teu. This is the first monthly fall since January, and the port had been registering good gains all through the year as it seemed to recover from last year's slump.
Underscoring an upturn in container shipping global boxport volumes grew 6.7% in the first half of 2017, and forecast at 6% for the year as a whole by Alphaliner.