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Overseas ports continue to drive Cosco Shipping Ports August volumes 12% higher

Cosco Shipping Ports (CSP) saw overall throughput rise 12% in August to 8.7m teu from 7.7m teu previously led by good gains in the northern ports, with the Bohai Rim region growing 22% to 1.8m teu.

The overseas ports however were once again the standout performers, collectively seeing throughput rise 32% to 2.1m teu and forming the second highest component of overall throughput behind the Pearl River Delta ports.

Read More: Fading lines in logistics

The latter segment is seeing a slight resurgence going into the high season with the Pearl River Delta seeing a 3% rise in throughput to 2.5m teu, still contributing the most to CSP’s overall volumes. However the traditional powerhouse of the Hong Kong cluster of terminals continued to decline, with volumes falling 10% to 264,500 teu. This was made up for by the Guangzhou terminals which saw volume spike 8% to almost hit 1m teu.

The industrial base in the Yangtze River Delta continues to slow down with throughput almost flat at 1.7m teu and now overtaken by the Bohai Rim region. Meanwhile the Southeast Coast saw throughput rise 7% to 501,800 teu and the sole port on the Southwest Coast, Guangxi Qinzhou International Container Terminal has a lackluster month, with volume falling 8% to 112,000 teu.

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