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Bohai Rim help compensate for volume losses COSCO Ports

Shipping News | September 25, 2009 | View Comments
  • Hong Kong-based terminal operator COSCO Pacific saw volume at 20 global ports in which it has stakes fall 4.8 percent in August, to 3.9 million TEUs. For the year, the company’s volume has fallen 7.7 percent,

    to 27.9 million TEUs. COSCO’s terminals in Qingdao and Dalian in
    northeastern China continued to be pillars of strength, with volume at
    Qingdao up 3 percent to 844,000 TEUs in August. Volume at Dalian
    terminals was up 4.5 percent to 418,000 TEUs.

    Volume at the major Chinese ports of Shanghai, Hong Kong and Shenzhen
    continued to lose ground in August, though COSCO’s port in the Nansha
    container port in the West Pearl River Delta saw volume skyrocket 52
    percent to 206,000 TEUs during the month.

    The operator didn’t fare so well in Hong Kong, where volume at its
    terminal dropped 21.5 percent to 130,000 TEUs. That was far below the
    10.7 percent volume drop reported Tuesday by the Hong Kong Port
    Development Council for the port as a whole, to 1.94 million TEUs.

    Volume at Hong Kong for the year is down 16.6 percent, to 13.7 million TEUs.

    Source: American Shipper

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    • Port Klang container volume down
    •      Container traffic through Port Klang, the country’s busiest container port, fell by 8.3 per cent last year, as the global economic downturn continues to hurt the country’s exports, Business Times reported. The port handled 7.3 million TEUs, compared with 7.9 million TEUs in 2008. In terms of tonnage handled, traffic through

    • China harbors October throughput down 2.6% to 10.78 million TEUs
    •     China’s ports saw a 2.6 percent year-on-year decrease in container traffic in October, handling 10.78 million TEUs, according to Transport Ministry date, reported All data Processing. Container traffic at sea ports totalled 9.67 million TEUs, slipping 2.7 percent on the year. The port of Shanghai recorded the biggest volume but

    • China port throughput slips 2.6% in October
    •      China’s ports saw a 2.6 percent year-on-year decrease in container traffic in October, handling 10.78 million TEUs, according to Transport Ministry date, reported All data Processing. Container traffic at sea ports totalled 9.67 million TEUs, slipping 2.7 percent on the year. The port of Shanghai recorded the biggest volume but also the

    • Malaysian ports increased container throughput of 10% in 2nd Quarter
    •      Malaysian ports handled 10 percent more containers in the second quarter of the year compared to the first, reflecting a recovery in both domestic and transhipment cargo, the Business Times reported. Container traffic at the 10 major ports rose to 3.79 million TEUs from 3.44 million in the periods reviewed. Transhipment traffic,

    • South Korean ports back to the pre-crisis levels
    •      Cargo handling through ports in South Korea shot up in February, recovering to the volume shown before the economy was battered by the global financial crisis, Yonhap reported. Cargo traffic in the country rose 1.1 percent from the same month in 2008, before the economic crisis hit the global market,

    • Recently published market study: Hong Kong Express Q1 2010
    •     Recently published data on the Port of Hong Kong revealed a sharp decline in the amount of containers handled in the country in the first quarter of 2009. The port of Hong Kong handled 21.1% less TEUs during the first three months of the year than in the same period

    • Box Indias traffic on 6 percent
    •      Container traffic at major ports in India fell 6 percent in the April-October period, the first seven months of fiscal 2009-10, despite a 3.6-percent increase in overall tonnage. The country’s 12 gateway hubs handled 3.9 million 20-foot equivalent units compared with 4.1 million TEUs during the same period the previous fiscal

    • South Korean ports handle more containers in October
    •      The volume of containers handled at South Korea’s seaports rose 4.9 percent last month, bolstered by rebounding economic activity, Yonhap English News reported. According to the report by the Ministry of Land, Transport and Maritime Affairs, containers processed at local seaports amounted to 1.49 million TEUs last month compared with

    • HK-box volume by 16% in third quarter
    •      Hong Kong port handled 5.6 million TEUs of containers in the third quarter, down 16 percent over last year, with laden containers at 4.8 million TEUs, down 13 percent, and empty containers at 0.8 million TEUs, down 28 percent. Hong Kong saw total port cargo throughput fall to 64.4 million tonnes

    • India Box of traffic on 6 percent
    •     Container traffic at major ports in India fell 6 percent in the April-October period, the first seven months of fiscal 2009-10, despite a 3.6-percent increase in overall tonnage. The country’s 12 gateway hubs handled 3.9 million 20-foot equivalent units compared with 4.1 million TEUs during the same period the previous

    • Singapore, Shanghai top two ports in 2009
    •      Singapore retained its title as the world’s busiest port last year, with container cargo handled by its terminals reaching 25.87 million TEUs. But there was little daylight between Singapore and second-placed Shanghaiy, which saw 25 million TEUs crossing its busy wharves. Hong Kong retained its place as third busiest port handling 20.92

    • LA reports increasing box volume
    •      The total number of containers shipped through the port of Los Angeles in August increased by six percent compared to July, the second consecutive month that volumes have risen at the port amid a slumping economy. The total number of TEUs imported and exported through the port in August was 612,581,

    • If India container traffic 1.5 percent
    •     Container traffic moving through India’s major ports fell 1.5 percent during the April-December period, the first nine months of fiscal 2009-10, compared with a year earlier, the Indian Ports Association said in a statement on Wednesday.

    • Los Angeles, containers of up to 612,581 TEUs in August
    •     The total number of containers shipped through the port of Los Angeles in August increased by six percent compared to July, the second consecutive month that volumes have risen at the port amid a slumping economy. The total number of TEUs imported and exported through the port in August was 612,581,

    • Shanghai container volume Falls as China Trade slumps
    •     Shanghai’s annual cargo box traffic fell for the first time in more than three decades on slumping demand for Chinese exports, undermining the port’s bid to surpass Singapore as the world’s busiest container harbor. Shanghai’s container volume fell 11 percent to 25 million 20-foot-equivalent boxes in 2009, Shanghai International Port

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