Cosco Shipping Ports on the rise

Cosco Shipping Ports, the China-based port and terminal operator branch of Cosco Shipping, witnessed a 12.6% increase in throughput in 2017, compared to 2016. Total volumes rose to 87.3 million teu in 2017 (2016: 77.6 million teu). In addition to terminals in China, the port of Piraeus, Cosco’s European gateway, handled 6.4% more boxes in 2017, taking the total to nearly 3.7 million teu (2016: 3.5 million teu). Cosco, the sole shareholder of APM Terminals in Zeebrugge (Belgium), since September 2017, reported that the facility lifted 2.2 million teu in 2017, 12.7%, more than the 1.92 million teu in 2016. Busan Port Terminal led the way with a 70.5% growth rate, which took volumes from 2.1 million teu in 2016 to 3.6 million teu in 2017. (kd)