Recent performance data for container terminals indicates a robust growth trend, particularly in overseas operations, while Chinese terminals continue to deliver solid results.
Strong Growth in Overseas Terminals
Overseas terminals demonstrated significant momentum, recording a 10.1% year-on-year (YoY) rise in throughput. This strong performance in the international portfolio outpaced growth in China.
Notably, CSP Zeebrugge Terminal stood out with a remarkable 47.9% YoY increase in throughput, highlighting a strong performance in Europe.
China Portfolio Shows Solid Results
Within China, terminals in the Southwest and Pearl River Delta regions delivered solid results. The China portfolio (excluding Qingdao Ports International, QPI) experienced a moderate growth of 2.4% YoY. This indicates stable operations amidst ongoing market dynamics.
Segment Performance Insights
Analyzing segment performance provides further detail:
- Subsidiaries recorded no year-on-year change, holding steady at 0.0%.
- Non-subsidiaries (excluding QPI) saw a solid increase of 6.7% year-on-year. This suggests that terminals where the operating entity has a non-controlling stake are contributing significantly to overall growth.
Overall, the data points to a generally positive trend in container throughput, with overseas operations being a key driver of growth.
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Source: Container News
