Cosco Pacific April terminal volumes up 19.1pc worldwide

COSCO PACIFIC has announced that its April volume for its 20 container terminals worldwide grew 19.1 per cent in April year on year to 3.7 million TEU.

With all but four of its terminals in China, Cosco Pacific's Yangtze River facilities did the best, reporting 30.3 per cent growth to 816,000 TEU with Ningbo playing the starring role, up 98.4 per cent to 131,000 TEU.

Pearl River Delta terminals were up 24.6 per cent to 1.2 million TEU, with much help from robust Nansha, the Guangzhou terminal, whose volume grew 42.7 per cent to 235,000 TEU.

The Yantian facility in Shenzhen and the one in Hong Kong did well too up from 2009 levels, reported American Shipper. Cosco's Yantian terminal, in which it owns a stake, experienced an increase in volume of 23 per cent to 713,000 TEU.

Cosco's small stake in PSA International-operated terminal in Singapore did well too with a rise of 41.4 per cent to 86,000 TEU.

Only in Egypt, where Cosco owns a minority stake in APM Terminals' Suez Canal Container Terminal, and in Tianjin, on the Bohai Rim, did volumes fall year on year in both cases by 11 per cent to 200,000 TEU in Egypt and to 148,000 TEU in Tianjin.

Source: www.schednet.com