China's Domestic Coastal Container Trade Takes Off

Press Release
Friday, November 02, 2012

New market research report reveals China's coastal container trade increased nearly 10-fold over the past ten years.


In China, the annual throughput capacity of domestic coastal container rose from less than 5 million TEU in 2001 to 52.53 million TEU in 2011, increasing by nearly ten times, and accounting for 32% of total ports container throughput.


Despite the economic slow-down post 2009, the average growth rate of domestic coastal container is 37.9% during the Tenth Five-Year, and 24.5% during the Eleventh Five-Year, increasing 22.2% year-on-year in 2011, according to figures provided by the country's Planning Institute of the Transport Ministry.


The key growth of domestic coastal container shifted from coastal area ports to ports further inland. According to statistics, from 2003-2011, the average growth rate of domestic coastal container in coastal areas is 24.5%, and that of inland port is 37.2%. 



In the first four months of 2012, the coastal ports throughput of domestic trade increased by 5.9%; the container load freight increased by 12%; domestic coastal container increased by 15%, while the total of other goods category was flat.  The domestic coastal container achieved the expected growth and became the highlight in the domestic trade. The number of domestic coastal container is predicted to be up to 60 million TEU this year, and 80 million TEU in 2015.
 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

US Port Congestion Hides Deeper Issues

Ports on the U.S. West Coast are currently suffering from chronic congestion, but are there deeper issues affecting their performance?   Drewry’s new report Container

Hamburg Cargo Volumes at Record High

Seaborne cargo throughput of 110 million tons in the first nine months sets new record for Port of Hamburg    With total throughput of around 110 million tons,

New McAllister Tug Features JonRie Winch Set

JonRie Marine Winches supplied its fifth ship set of full bollard pull winches to New York’s McAllister Towing for installation on its new tug, Tate McAllister.

Finance

Rates Increase Boosts Diana Containerships Q3 Income

Diana Containerships Inc. reported net income of $1.4 million for the third quarter of 2014, compared to a net loss of $0.7 million for the respective period of 2013.

EU Backs Nantes St-Nazaire and Vigo Transport Link

The EU's TEN-T Program will back the upgrade of the existing sea line between Nantes St-Nazaire, France and Vigo, Spain with over €3.5 million to ensure reliable

Egypt Eyes Suez Container Port Renegotiation

Egypt is trying to renegotiate an extension of an agreement worth $1.5 billion with Suez Canal Container Terminal which has a concession to run a port near the entrance to the canal,

Container Ships

US Port Congestion Hides Deeper Issues

Ports on the U.S. West Coast are currently suffering from chronic congestion, but are there deeper issues affecting their performance?   Drewry’s new report Container

Hamburg Cargo Volumes at Record High

Seaborne cargo throughput of 110 million tons in the first nine months sets new record for Port of Hamburg    With total throughput of around 110 million tons,

Rates Increase Boosts Diana Containerships Q3 Income

Diana Containerships Inc. reported net income of $1.4 million for the third quarter of 2014, compared to a net loss of $0.7 million for the respective period of 2013.

Logistics

US Port Congestion Hides Deeper Issues

Ports on the U.S. West Coast are currently suffering from chronic congestion, but are there deeper issues affecting their performance?   Drewry’s new report Container

Hamburg Cargo Volumes at Record High

Seaborne cargo throughput of 110 million tons in the first nine months sets new record for Port of Hamburg    With total throughput of around 110 million tons,

Belgian Port Workers Strike

Port workers in Belgium began a 24-hour strike today, November 24, which will end at midnight, Inchcape Shipping Services (ISS) reported. It is anticipated that

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3915 sec (3 req/sec)