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China Merchants Port maintains stable container volumes in 2022

Photo: China Merchant Port China Merchants Port Mawan 1.jpg
China Merchants Port posted 1.1% container throughput increase in the past year and a small decline of bulk cargo volume.

The groups ports handled a total container throughput of 136.53 million teu in 2022, up by 1.1% year-on-year, and bulk cargo volume of 547 million tonnes, down by 3.6%.  

Among which the groups ports in mainland China, Hong Kong and Taiwan contributed a container throughput of 102.65m teu, representing an increase of 1.2% year-on-year, which was mainly benefitted from the increase in container volume in West Shenzhen Port Zone, the Yangtze River Delta region and the Bohai Rim region in mainland China. A total container volume handled by its overseas ports grew by 0.9% to 33.88m teu. 

Notwithstanding the fluctuation economic environment in 2022, the container business volume of West Shenzhen and overseas homebase ports hit record high,” said the company. 

Bulk cargo volume declined by 3.6% to 547m tonnes, among which the ports in mainland China handled a total bulk cargo volume of 541m tonnes, an increase of 3.5% year-on-year.

The group forecasts that container supply will continue to rise and the structural mismatch between supply and demand will be alleviated in 2023. Container freight rates in the shipping market will continue to fall and are expected to return to the normal pre-pandemic level. Moreover, the efficiency of port operations will be improved and the growth rate of global container shipping will tend to be normalised.

TAGS: Asia