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

Ports

SC Ports Report Record Pier Container Volumes

Georgetown grows 10 percent fiscal year to date Today South Carolina Ports reported March pier container volumes were the highest since August 2008. Last month the Port handled 85,

Quiet March Sees Cargo Slow in Long Beach

Harsh winter elsewhere, ship deployment changes soften traffic Container volumes at the Port of Long Beach dipped in March, compared to the same month one year ago, with a decline of 1.

West Coast is Key for Exporting Bigger Canada Crops

Canada needs to invest in shipping more grains and oilseeds off the West Coast as harvests get larger, to avoid the massive transportation backlogs that followed last year's record crops,

Finance

Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues.

Crashes in Crucial US Crude Waterway Hit 10-year Low

Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more oil moves on U.S. waterways, official data show, suggesting

All Items Approved at Stolt-Nielsen Meeting

Stolt-Nielsen Limited announced that all agenda items were approved and all nominated directors were elected at its Annual General Meeting of shareholders held yesterday in Bermuda.

Container Ships

SC Ports Report Record Pier Container Volumes

Georgetown grows 10 percent fiscal year to date Today South Carolina Ports reported March pier container volumes were the highest since August 2008. Last month the Port handled 85,

Hapag-Lloyd, CSAV Merger Finalized

Hapag-Lloyd and CSAV binding agreement signed / In return for contributing its container business, CSAV becomes new core shareholder of Hapag-Lloyd / Hapag-Lloyd

Quiet March Sees Cargo Slow in Long Beach

Harsh winter elsewhere, ship deployment changes soften traffic Container volumes at the Port of Long Beach dipped in March, compared to the same month one year ago, with a decline of 1.

Intermodal

West Coast is Key for Exporting Bigger Canada Crops

Canada needs to invest in shipping more grains and oilseeds off the West Coast as harvests get larger, to avoid the massive transportation backlogs that followed last year's record crops,

Ben3D Introduces ContainerTug 600S

Ben3D BV Naval Architecture introduce in collaboration with Oonincx Shipbuilding BV the innovative ContainerTug 600S. A strong, compact Dutch built workboat with

Canada Grain Handlers to Expand, Crops Overwhelm System

Three Canadian grain handlers said this week that they will expand facilities to handle the country's crops, after a record-smashing harvest overwhelmed the transportation system.

Logistics

SC Ports Report Record Pier Container Volumes

Georgetown grows 10 percent fiscal year to date Today South Carolina Ports reported March pier container volumes were the highest since August 2008. Last month the Port handled 85,

Quiet March Sees Cargo Slow in Long Beach

Harsh winter elsewhere, ship deployment changes soften traffic Container volumes at the Port of Long Beach dipped in March, compared to the same month one year ago, with a decline of 1.

West Coast is Key for Exporting Bigger Canada Crops

Canada needs to invest in shipping more grains and oilseeds off the West Coast as harvests get larger, to avoid the massive transportation backlogs that followed last year's record crops,

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1149 sec (9 req/sec)