Greater China

Strong growth in container volumes for China’s biggest port operator

Shanghai: The biggest port operator in mainland China, China Merchants Holdings (International) (CMHI), has posted a 13% increase in container throughput for 2014, handling 80m teu in total.

This is the third consecutive year since 2012 in which CMHI has posted double-digit growth.

CMHI’s ports on the Yangtze River Delta performed the strongest in 2014, handling a total of 37.8m teu. Of this total, 35.2m teu was handled by Shanghai International Port Group, a 5% increase over 2013 levels. Ningbo Daxie handled 2.5m teu, up 21% year-on-year.

The Shekou, Chiwan and China Merchants Port Services (CMPS) facilities in western Shenzhen ports saw a 3.2% y-o-y decrease in throughput, due to restructuring of the regional logistics business in early 2014.

Overall, terminals in Shenzhen handled 24m teu in 2014, up 3.2% compared to 2013.

Container volumes at terminals on mainland China grew by 12.5% over the same period, with 9.5m teu handled by Tianjin, Qingdao, Zhangjiang and Zhangzhou. This was in spite of a 28% decrease in throughput at Zhangzhou.

Cosco Pacific, China’s second largest port operator, last week reported 10.6% year-on-year growth in container volumes, handling 67.3m teu in 2014. [20/01/15]

 

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