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Q2 box volume at world's ports up 3.25pc, while overall cargo rises 7pc
来源： 编辑：编辑部 发布：2018/09/17 09:00:45
CARGO throughput at major seaports grew by 7.23 per cent and container throughput was up by 3.25 per cent, according to the Shanghai International Shipping Institute's (SISI) second quarter Global Port Development Report.
Four out of the five top terminal operators are located in Chinese ports, yet Singapore made second place after its container throughput rose by 6.8 per cent in the second quarter to 40.9 million TEU.
The period was also saw the tangible effects of trade and economic policies start to kick in. Key among these were the effects on throughput at some US and China ports and the strong growth in dry bulk throughput at Australian ports as well as the growth in liquid bulk throughput in general, reported Colchester's Seatrade Maritime News.
The Sino-US trade war affected cargo volumes with US ports coming off worse off in the conflict. The port of South Louisiana took the hardest hit after its cargo throughput dropped by 7.2 per cent, SISI noted.
This was due to the fact that major taxable products involved in the trade war were mainly exports out of the US, with the throughput of chemicals, soybeans and steel down four per cent, three per cent and 10 per cent respectively.
In contrast, the majority of the Chinese exports affected by the US tariffs are technology and capital-intensive products, which are not normally transported by sea freight. Set against China's large cargo volume base the impact on total throughput at Chinese ports is expected to be muted, SISI said.
Global container terminal operators achieved sustained throughput growth. Among them, Cosco Shipping Ports benefited from increased calls from Ocean Alliance members and the group's new terminal assets, which pushed up second quarter container throughput by 13.8 per cent.
China Merchants Port continued its aggressive overseas port expansion over the reporting period and saw its single quarter container throughput surpass the 10 million TEU mark.
However, DP World recorded a 1.5 per cent decline in container throughput as it missed the incremental gains from its larger stake in Busan port and changed its development strategy.
Tighter environmental policy also drove down container throughput at some ports. The port of Rotterdam was particularly hard hit by the closure of coal-fired power plants that dragged down coal throughput by 11.9 per cent. Likewise at Tianjin port, a ban on coal transport by automobiles led to second quarter cargo throughput falling by 4.8 per cent.
Yantai port stood out by recording the highest growth rate among global cargo ports, with its volumes up 54.2 per cent in the first half of the year as well as becoming China's top bauxite importing port with cumulative bauxite throughput of 55 million tons.
Meanwhile, Australian ports enjoyed strong growth in dry bulk throughput as the recovery of the global economy saw iron ore exports benefit from higher demand for infrastructure construction in multiple markets.
The other key trend was the general rise in liquid bulk throughput at ports worldwide on the back of the rise in international oil prices in the second quarter.
Four out of the five top terminal operators are located in Chinese ports, yet Singapore made second place after its container throughput rose by 6.8 per cent in the second quarter to 40.9 million TEU.
The period was also saw the tangible effects of trade and economic policies start to kick in. Key among these were the effects on throughput at some US and China ports and the strong growth in dry bulk throughput at Australian ports as well as the growth in liquid bulk throughput in general, reported Colchester's Seatrade Maritime News.
The Sino-US trade war affected cargo volumes with US ports coming off worse off in the conflict. The port of South Louisiana took the hardest hit after its cargo throughput dropped by 7.2 per cent, SISI noted.
This was due to the fact that major taxable products involved in the trade war were mainly exports out of the US, with the throughput of chemicals, soybeans and steel down four per cent, three per cent and 10 per cent respectively.
In contrast, the majority of the Chinese exports affected by the US tariffs are technology and capital-intensive products, which are not normally transported by sea freight. Set against China's large cargo volume base the impact on total throughput at Chinese ports is expected to be muted, SISI said.
Global container terminal operators achieved sustained throughput growth. Among them, Cosco Shipping Ports benefited from increased calls from Ocean Alliance members and the group's new terminal assets, which pushed up second quarter container throughput by 13.8 per cent.
China Merchants Port continued its aggressive overseas port expansion over the reporting period and saw its single quarter container throughput surpass the 10 million TEU mark.
However, DP World recorded a 1.5 per cent decline in container throughput as it missed the incremental gains from its larger stake in Busan port and changed its development strategy.
Tighter environmental policy also drove down container throughput at some ports. The port of Rotterdam was particularly hard hit by the closure of coal-fired power plants that dragged down coal throughput by 11.9 per cent. Likewise at Tianjin port, a ban on coal transport by automobiles led to second quarter cargo throughput falling by 4.8 per cent.
Yantai port stood out by recording the highest growth rate among global cargo ports, with its volumes up 54.2 per cent in the first half of the year as well as becoming China's top bauxite importing port with cumulative bauxite throughput of 55 million tons.
Meanwhile, Australian ports enjoyed strong growth in dry bulk throughput as the recovery of the global economy saw iron ore exports benefit from higher demand for infrastructure construction in multiple markets.
The other key trend was the general rise in liquid bulk throughput at ports worldwide on the back of the rise in international oil prices in the second quarter.