Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cosco Pacific sees slight overall volume growth in September

Cosco Pacific sees slight overall volume growth in September
The China container port sector continues to tick along, even showing some small signs of recovery in some regions, with Cosco Pacific reporting that overall volume tipped back into 0.8% growth in September from the 1.3% drop in throughput in August.

This practically flatlined the third quarter figure however and overall volume of 17.65m teu was barely changed from the 17.61m teu moved in the third quarter of 2014.Among the ports in Cosco Pacific's predominantly China-focussed portfolio, the Southeast Coast ports continued to outperform albeit from a low base, with a 13.1% rise in volume to 369,200 teu from 326,500 teu in September 2014.

Reflecting the economic slowdown and manufactured goods export slowdown, the Yangtze River Delta ports saw volume deop again, by 3.7% to 796,800 teu from 827,800 teu previously. While this was the third month in a row of volume contraction, it was at least a smaller drop than the 7.1% fall in throughput seen in August. Expectedly, this led to overall 4.3% drop in throughput for the quarter as well.

The northern Bohai Rim ports continued to tick along, with o.6% growth, although still moving huge volumes of 211m teu while the other huge traffic centre for the group, the Pearl River Delta recovered from the 1.3% volume contraction the month before to see 1.7% growth to 1.77m teu in September.Cosco Pacific's overseas port meanwhile saw volume falls moderate to 0.7% from the 6.5% drop seen in August although this is as likely as not an effect of the base effect from a weak September and October last year.