Cosco Pacific January volumes rise 0.7pc to 5.8 million TEU
Time：2016-02-19
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Cosco Pacific`s overseas ports did better than its main holdings in China, with a 6.3 per cent increase to 830,00 TEU.
Much of this gain was attributed to the 23.8 per cent rise in volumes to 131,800 TEU at Cosco-PSA Terminal in Singapore.
In this, Hong Kong`s Cosco Pacific, bucked the Singapore cross-port January average that posted an overall container throughput decline of 10.4 per cent.
Cosco Pacific`s Greek operation in Piraeus also did well despite recent labour trouble, with a five per cent increase in volumes to 251,800 TEU in January.
But Yangtze River Delta terminals were hit hardest by the general January decline, falling 12.3 per cent year on year to 785,300 TEU.
Among the southeast coast ports in Fujian province throughput fell by half to 19,300 TEU with Xiamen suffering a 10.3 per cent drop to 81,700 TEU while the overall region`s volume declined nine per cent to 336,700 TEU.
Pearl River Delta port volumes fell 1.6 per cent with Hong Kong`s Cosco-HIT falling 10 per cent and Guangzhou`s South China Oceangate terminals slipping 6.3 per cent.
Again, the northern cluster in the Bohai Rim fared best among the China ports. January throughput for this region rose 3.7 per cent to 2.23 million TEU while Qingdao topped all increasing six per cent to 1.54 million TEU.