Cautious outlook despite 4.4 pc rise in box volume in China's top 8 ports

CHINA's top eight container ports' throughput grew 4.3 per cent year on year in October to 12.98 million TEU with domestic trade again showing the faster growth at 8.9 per cent to 3.52 million TEU, according to a CITI Research note. Foreign trade throughput increased 2.6 per cent to 9.46 million TEU.

Yangtze River Delta (YRD) volume grew in October when the volume rebounded with a 6.1 per cent year-on-year increase to a total of 4.33 million TEU, Port of Ningbo with a 6.7 per cent year-on-year growth to 1.83 million TEU. Shanghai increased 5.8 per cent to 3.22 million TEU. For the first ten month of the year, YRD throughput increased 2.3 per cent to 49.09 million TEY compared the same period last year.

Pearl River Delta (PRD) throughput in October grew 4.9 per cent to 3.73m TEU, driven by Guangzhou's strong volume increase of 13.7 per cent year on year, offsetting Shenzhen's 1.8 per cent drop year on year. Yantian recorded a 12.3 per cent volume decline due to weaker exports from South China and soft transshipment volumes as alliances streamline operations. In the ten months to the end of October, PRD throughout increased 2.2 per cent to 35.15 million TEU compared to October 2015.

Ports in the Bohai Rim region handled a total of 3.34 million TEU, a year-on-year decline of 0.2 per cent.. Tianjin and Dalian were down 2.1 per cent and 4.2 per cent respectively, while volume at Qingdao grew 3.2 per cent. The Ports in the BHR region handled a total of 35.39 million TEU in the first ten months of 2016, a 3.9 per cent year-on-year growth.