Cosco Shipping Ports' overall throughput in October rose by 5pc YoY to 8m TEU

Cosco Shipping Ports' overall throughput in October rose by 5pc YoY to 8m TEU COSCO Shipping, the terminal operating arm of Cosco Shipping Ports, saw its overall throughput increase by 4.9 per cent to 8.05 million TEU in October, a slight improvement over September's total of 8 million TEU, an increase of 4.1 per cent year on year. However, the growth rate of the company's terminals located in the Bohai Rim region sharply deteriorated to just 0.8 per cent to 2.64 million TEU, down from 5.9 per cent growth in September. It marked the slowest pace of growth so far this year, reported Seatrade Maritime News. Cosco's star performers in October were its overseas ports and the southwest coast stronghold at Guangxi Qinzhou International Container Terminal, which grew 45.3 per cent and 10.5 per cent to 1.27 million TEU and 112,000 TEU respectively. The terminal cluster on China's southeast coast also performed well, rising 5.2 per cent to 399,300 TEU, while volume erosion at the Yangtze River Delta ports has tailed off, declining 2.4 per cent to 1.49 million TEU, and stabilised at the Pearl River Delta ports decreasing 1.7 per cent to 2.13 million TEU.