Cargo throughput slips 2.9% in July: COSCO

This was driven by port congestion at some terminals.

Total cargo throughput slipped by 2.9% year-on-year (YoY) in July, which COSCO Shipping Ports Limited (CSPL) linked to the temporary impact of port congestion in Yangtze River Delta and Pearl River Delta.

In the first seven months of the year, CSPL recorded a 6.2% YoY growth in total throughput.

“CSPL accelerated its throughput growth momentum with further rebound in demand from overseas regions,” the company noted in a report.

“Especially, throughput from CSP Zeebrugge further recovered, which recorded a YoY growth of 65.0%.”

The overseas portfolio of CSPL grew by 10.5% YoY in July, whilst the Greater China portfolio, in particular, dropped by 7.8% YoY.

Year-to-date, the overseas portfolio saw a 5.6% YoY growth; whilst the Greater China portfolio increased by 6.4% YoY. 

 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.