Container volume at eight major Chinese ports declined 10.6% year-on-year in early February coinciding with the lunar new year holidays, reports Seatrade Maritime News.
Drop in export container volumes
Export container volume declined 8.3% while the domestic volume dropped 20.2 % due to many factories were closed for the Chinese New Year in early February.
Cargo throughput at major coastal hub ports declined 7.5% year-on-year while international trade cargo throughput dropped 7.6%.
Crude oil shipments
Crude oil shipments at major coastal ports declined 11.6% year-on-year while the port inventory increased 2.3%.
Metal ore shipments
Metal ore shipments at major Chinese ports increased 0.8% year-on-year, among which the port of Rizhao posted over 20% growth rate.
Reduced cargo volume amid CNY
The Chinese New Year brought about further decrease of cargo volume at three major Yangtze river ports. Nanjing, Wuhan and Chongqing’s cargo throughput for early Feb declined 26% while the container volume dropped 32.2%.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: Seatrade Maritime News