Cosco Pacific April volumes up 4pc to 7.9 million TEU, but HK lags
CHINA's big terminal operator Cosco Pacific's portfolio-wide container volume increased 3.7 per cent year on year to 7.87 million TEU in April.
But Hong Kong terminals lagged badly in April, with Cosco-HIT Terminal sliding 14.3 per cent to 124,500 TEU and Asia Container Terminal, down 22.4 per cent to 81,700 TEU.
Gains were general, except in the troubled Yangtze River Delta and Pearl River Delta regions, where fundamental shifts in the market are causing structural changes to the flow of containers.
Bohai Rim throughput increased 4.9 per cent to 2.79 million TEU Qingdao Qianwan Container Terminal, boasting the highest volume of all, up 3.6 per cent to 1.47 million TEU, reported England's Seatrade Maritime News.
From lower statistical bases, newer, less mature south east coast terminals were up 5.7 per cent to 364,300 TEU, while overseas terminal throughput increased 32.5 per cent overall to 1.05 million TEU while China's southwest coast throughput rose 13.2 per cent to 88,100 TEU.
Meanwhile among overseas terminals, the Greek Piraeus Container Terminal saw an 18.6 per cent rise to 267,100 TEU from 225,200 TEU while Suez Canal Container Terminal, which had seen higher throughput than the former in the previous corresponding period, fell 14.7 per cent to 208,100 TEU from 243,900 TEU previously.
Poor performers continued to be the Pearl River Delta and to a lesser extent the Yangtze River Delta. The former has been seeing volumes drop every month and April was no different, with throughput falling 1.2 per cent to two million TEU and year-to-date, volumes are down 1.9 per cent at 7.61 million TEU.
The company's two Hong Kong terminals now form the smallest component of the Pearl River Delta group among Cosco Pacific's holdings in that region.
Finally, in the third highest moving region, the Yangtze River Delta, throughput fell 6.8 per cent to 1.58 million TEU.
The rate of decline slowed to 0.8 per cent in March, but the slowdown has accelerated again going into April with year-to-date volumes down 4.1 per cent at 6.15 million TEU.
CHINA's big terminal operator Cosco Pacific's portfolio-wide container volume increased 3.7 per cent year on year to 7.87 million TEU in April.
But Hong Kong terminals lagged badly in April, with Cosco-HIT Terminal sliding 14.3 per cent to 124,500 TEU and Asia Container Terminal, down 22.4 per cent to 81,700 TEU.
Gains were general, except in the troubled Yangtze River Delta and Pearl River Delta regions, where fundamental shifts in the market are causing structural changes to the flow of containers.
Bohai Rim throughput increased 4.9 per cent to 2.79 million TEU Qingdao Qianwan Container Terminal, boasting the highest volume of all, up 3.6 per cent to 1.47 million TEU, reported England's Seatrade Maritime News.
From lower statistical bases, newer, less mature south east coast terminals were up 5.7 per cent to 364,300 TEU, while overseas terminal throughput increased 32.5 per cent overall to 1.05 million TEU while China's southwest coast throughput rose 13.2 per cent to 88,100 TEU.
Meanwhile among overseas terminals, the Greek Piraeus Container Terminal saw an 18.6 per cent rise to 267,100 TEU from 225,200 TEU while Suez Canal Container Terminal, which had seen higher throughput than the former in the previous corresponding period, fell 14.7 per cent to 208,100 TEU from 243,900 TEU previously.
Poor performers continued to be the Pearl River Delta and to a lesser extent the Yangtze River Delta. The former has been seeing volumes drop every month and April was no different, with throughput falling 1.2 per cent to two million TEU and year-to-date, volumes are down 1.9 per cent at 7.61 million TEU.
The company's two Hong Kong terminals now form the smallest component of the Pearl River Delta group among Cosco Pacific's holdings in that region.
Finally, in the third highest moving region, the Yangtze River Delta, throughput fell 6.8 per cent to 1.58 million TEU.
The rate of decline slowed to 0.8 per cent in March, but the slowdown has accelerated again going into April with year-to-date volumes down 4.1 per cent at 6.15 million TEU.