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China Merchants worried about slowing growth at China ports

While it is putting greater hope on its foreign ports, Hong Kong-based port operator China Merchants Holdings (International) is concerned about slowing throughput growth at its mainland terminals.

Vincent Wee, Hong Kong and South East Asia Correspondent

June 19, 2013

1 Min Read
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At the annual general meeting, the company commented on the slowdown in throughput in May and uncertainty about global export markets in the second half, according to local reports. Concerns were raised about volatility in mainland port volumes and whether throughput would slow further in the third quarter.

Growth at mainland container ports slowed to 7.6% in May from 9.4% the month before, according to China's transport ministry.

The company hopes its overseas ports, including those in Sri Lanka and Nigeria will help offset the declines at Chinese ports. Throughput at these ports is expected to increase 10% this year and comprise about a third of total throughput within a few years from just a tenth now.

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About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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