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Container volumes at major Chinese port up 3.3% in mid-January

Photo: SIPG View of SIPG container terminal
Container volume at eight major Chinese ports increased 3.3% year-on-year in mid-January, according to statistics released by China Ports and Harbors Association.

The domestic trade volume increased 17.5% year-on-year, among which the port of Tianjin, Qingdao, Shanghai, Ningbo-Zhoushan and Xiamen all posted a growth rate of over 20%. However, the export container volume declined 0.4%.

Cargo throughput at major coastal Chinese ports increased 0.9% year-on-year while the foreign trade cargo volume increased 2.5%.

Crude oil shipments at major coastal ports slightly increased 1.6% year-on-year, among which the port of Rizhao and Guangzhou posted a growth rate of over 20%.

Metal ore shipments at major Chinese ports increased 10.1% year-on-year, among which the port of Tianjin and Rizhao posted over 10% growth rate. The port inventory declined 4.2%.

As the Chinese Spring Festival neared, cargo demands from Yangtze river region has been dropping. The cargo throughput at three major Yangtze river ports, Nanjing, Wuhan and Chongqing declined 0.2% and the container volume also dropped 1.4% year-on-year.

TAGS: Asia