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Cosco Shipping Ports sees June box numbers rise 14% to 7m teu

Cosco Shipping Ports (CSP) continues with its good performance with overall throughput rising 14% in June to 7.4m teu from 6.5m teu in the previous corresponding period.

Vincent Wee, Hong Kong and South East Asia Correspondent

July 18, 2017

1 Min Read
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Growth was driven primarily by CSP's burgeoning overseas ports, which saw throughput rise by more than a third to 1.5m teu from 1.1m teu previously. Even previously laggard regions such as the Pearl River Delta cluster of ports saw volumes rise 13% to 2.3m teu from 2.0m teu in June 2016.

The newer ports on the Southeast and Southwest coasts also continue to ramp up nicely, with throughput growing by 15% and 30% to 454,500 teu and 113,700 teu respectively.

Meanwhile although the Yangtze River Delta region showed good growth of 7% to 1.7m teu from 1.6m teu in the previous corresponding period, the key Bohai Rim cluster seems to be slackening off with a rise in throughput of 4% to 1.4m teu.

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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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