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China's port container throughput climbs 7.5pc in first 9 months

THE Ministry of Transport says container throughput of the ports in China increased 7.5 per cent year on year to 141 million TEU, 0.8 per cent below the growth record in the first half of year and 0.7 per cent slower in the first three quarters last year, Economic Daily reports.

China's port container throughput climbs 7.5pc in first 9 months
01 November 2013 - 21:14

China's port container throughput climbs 7.5pc in first 9 months

THE Ministry of Transport says container throughput of the ports in China increased 7.5 per cent year on year to 141 million TEU, 0.8 per cent below the growth record in the first half of year and 0.7 per cent slower in the first three quarters last year, Economic Daily reports.

Boxes from international trade lanes increased 5.7 per cent in August, compared to only 2.7 per cent in June.

From January to September, the Chinese ports handled a total of 7.95 billion tonnes of freight, 10.3 per cent more than in the same period in 2012. The growth was 0.2 per cent point faster than in the early half of year and 3.8 per cent faster year on year.

Domestic trade cargo throughput increased 10.4 per cent, 5.8 percentage points more year on year as foreign trade cargo was grew 9.9 per cent. Stimulated by increase of bulk cargo import and recovering exports, foreign trade cargo volume rose 13 per cent in the third quarter.

Spurred by the rise of coal prices, throughput of coal and its byproducts from January to August increased 9.7 per cent to 1.42 billion tonnes, 1.9 percentage points more than in the first half and 7.3 per cent faster year on year.

Throughput of natural gas and its products in the first eight months increased four per cent to 510 million tonnes, 1.9 percentage points faster than in the early half of year and 6.8 percentage points faster year on year.

Metal ore throughput increased 11 per cent to 1.11 million tonnes, two percentage points faster than in the first half of year and 3.7 percentage points faster year on year.

At the end of September, China Coastal Bulk Freight Index (CBFI) increased 16.9 per cent over the previous month. China Container Freight Index (CCFI) climbed 7.6 per cent month on month. Baltic Dry Index (BDI) surged 80.6 per cent over August.

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