COSCO SHIPPING Ports reports box volume drop in January
COSCO’s port operating subsidiary, COSCO SHIPPING Ports saw its total container throughput decrease by 10.3% in January, compared with the same month last year.
In particular, the Chinese operator handled more than 7.7 million TEUs in the first month of the year across all of its ports and terminals worldwide.
According to the company, the main reason is that the Chinese New Year holidays in 2023 were in January compared to last year’s holidays in February.
COSCO SHIPPING Ports’ overseas portfolio noted a year-on-year container volume decline of 5.8% in January, while the company reported a 12.3% fall in its China portfolio.