Cosco Group`s container arm, Coscon, increased its volumes year on year 15.1 per cent, soaring above global box volume growth of 3.4 per cent in 2012, the company said.
According to China`s state-owned Assets Supervision and Administration Commission, which indirectly controls Coscon, loaded containers totalled eight million TEU, up 16 per cent year on year.
From October, Coscon operated 171 vessels totalling 754,063 TEU, up from 155 ships with 660,608 TEU the year before.
Despite the growth, Coscon posted operating losses of CNY1.3 billion (US$208.7 million) in the first half of 2012, due to weak rates and high bunker costs.