Container volumes at Latin American and the Caribbean ports declined by 2.9% during the first six months of 2016, according to a report by the UN’s Economic Commission on Latin America and the Caribbean (ECLAC).
Hong Kong-based line Orient Overseas Container Line (OOCL) reported a 6.6% rise in total volumes for the second quarter of 2016, up from 1.42m teu to 1.52m teu. Total revenues however decreased by 16.6% from $1.36bn to $1.14bn.
Qinhuangdao Port Co, one of the biggest port operators in China, reported first half results that more or less reflected the general state of China's economy with overall volumes down 18% in the first half of the year.
Major terminal operator Cosco Pacific continues to see recovery in its throughput, with overall volumes rising 3.7% to 7.87m teu in April and gains across all major segments except the troubled Yangtze River Delta and Pearl River Delta regions, where apparently fundamental shifts in the market are causing structural changes to the flow of container trade.
Orient Overseas Container Line (OOCL) announced first quarter total volumes rose 4.2% from the previous corresponding quarter to 1.37m teu led by gains in the transatlantic and transpacific trade lanes, the Hong Kong-based carrier said in a stock market announcement.
The year has not gotten off to a good start for port operator Cosco Pacific, with overall volumes almost flat in January. Throughput for the whole group rose just 0.7% to 5.81m teu from 5.86m teu in January 2015.
DP World reports that chairman Sultan Bin Sulayem has agreed to take on the role of Group ceo as well, replacing Mohammed Sharaf who announced his retirement from the role late last month.
The Sohar Port and Freezone saw a 12% increase in volumes in 2015 to over 50m tons.
Growth in container shipping demand is at its lowest level since 2009 with volumes at the world’s top 30 container ports shrinking by 0.8% in the third quarter according to Alphaliner.