China Merchants Port Holdings (CMPort) has recorded a significant growth in both container throughput and bulk cargo volumes so far this year.

For the first four months of the year, CMPort handled a total container throughput of 43.65m teu, up by 25.5%.

Chinese ports delivered 18.7% year-on-year growth, mainly led by ports in West Shenzhen, Shanghai, Shantou and Tianjin. Overseas ports saw a significant year-on-year increase of 50.5%, driven by contribution from Terminal Link SAS’s new terminals.

The group’s bulk cargo increased by 40.5% to 180m tonnes, which was mainly boosted by the merger activities of Liaoning Port in north China.

Zheng Shaoping, executive director and deputy general manager of CMPort said, “For the first four months of the year, CMPort achieved a double-digit growth in container throughput volume, mainly led by the low base amid the Covid-19 pandemic in the last year, the quick recovery of Chinese ports business and contributions of new overseas projects.

“With the further recovery of the pandemic, relief of the port congestion and improvements of the operation efficiency, we expect a middle to high single-digit growth on the annual performance of CMPort’s ports. Moreover, there will also be some room for improvements on the global port tariff.”

Source: Seatrade Maritime News