Cosco Ports Q3 volume up 17%

"Driven by the growth of international trade and the supports from shipping alliances and shipping fleets of parent company, the Group’s total throughput recorded satisfactory growth," said a company statement.

For the nine months ended 30 September 2017, the Group’s total container throughput rose 13.5% to 64,885,641 TEU (corresponding period of 2016: 57,165,661 TEU).

For the three months ended 30 September 2017, the Group’s subsidiaries handled 18.9% (3Q2016: 19.6%) of the Group’s total throughput with a total of 4,355,405 TEU (3Q2016: 3,878,102 TEU), up 12.3%, while the Group’s non-controlling terminals handled the remaining 81.1% (3Q2016: 80.4%) or 18,749,369 TEU (3Q2016: 15,929,351 TEU), up 17.7%.

 For the nine months ended 30 September 2017, the Group’s subsidiaries handled 19.1% (corresponding period of 2016: 20.6%) of the Group’s total throughput with a total of 12,401,873 TEU (corresponding period of 2016: 11,758,464 TEU), increased by 5.5%, while the Group’s non-controlling terminals handled the remaining 80.9% (corresponding period of 2016: 79.4%) with a total of 52,483,768 TEU (corresponding period of 2016: 45,407,197 TEU), up 15.6%.

The overseas terminals total throughput increased by 43.5% to 4,687,195 TEU for the three months ended 30 September 2017 (3Q2016: 3,266,303 TEU) and accounted for 20.3% (3Q2016: 16.5%) of the Group’s total. 

The throughput of Piraeus Container Terminal S.A. in Greece dropped marginally at 0.6% to 951,359 TEU. Throughput of Kumport Liman Hizmetleri ve Lojistik Sanayi ve Ticaret A. Ş. (Kumport Terminal) in Turkey increased by 124.5%, mainly resulted from the increased calls from the shipping alliances. 

The group said in a stock market announcement that the growth was driven by the growth of international trade and support from the alliances and calls from vessels of parent company, China Cosco Shipping Corp.