COSCO reports nearly 17% increase in monthly terminal throughput

Logistics Uncategorized

   The terminal operating arm of Chinese shipping company COSCO saw its container throughput increase 17.3 percent in July compared to the same month last year, newly released data show.
   Terminals operated by COSCO Ports handled 7.6 million TEUs last month, up from 6.5 million in July 2016, according to recent statistics from the company.
   Of the 37 terminals across the globe listed in the company’s statistics, 30 saw an increase in COSCO container traffic from July 2016 to this past July, with the individual jumps ranging from 3.8 percent at Jinzhou New Age Container Terminal in China – an increase from 42,300 containers to 43,900 units – to 139 percent at Kumport Liman Hizmetleri ve Lojistik Sanayi ve Ticaret A.Ş in Istanbul, where the throughput jumped from about 50,000 TEUs in July 2016 to nearly 120,000 last month.
   Through the first seven months of the year, data shows COSCO Ports handled a total of 49.4 million TEUs, a 12.7 percent jump from the 43.8 million TEUs moved during the same period last year.
   The biggest year-to-date increase in traffic came at Busan Port Terminal in South Korea, where traffic jumped from 1.09 million TEUs to 2.04 million TEUs, an 87.7 percent increase. The biggest year-to-date drop in traffic came at Lianyungang New Oriental International Terminals in China, where recorded container traffic stood at 1.69 million TEUs during the first seven months of the year, down 2.1 million TEUs, or 19.6 percent, from the same month in 2016.

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