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International activities boosted COSCO Ports annual growth

Shanghai - Ports and port terminals managed by the Chinese operator Cosco Shipping Ports have completed the year 2018 on a global activity of 98 million TEUs. Traffic driven notably by the strong growth of its activities abroad

Shanghai - Ports and port terminals managed by the Chinese operator Cosco Shipping Ports have completed the year 2018 on a global activity of 98 million TEUs. Traffic driven notably by the strong growth of its activities abroad. In 2018, the Chinese operator Cosco Ports saw its activity grow by 12.3%. Its national interests (+ 7%, 73.3 M TEU) were not the only ones to contribute to this increase. At 24.8 M TEU, its international activity jumped 31.5 M TEU.

According to Dynamar, it is its acquisition in 2017 of the Spanish company Noatum Ports, located in the ports of Valencia and Bilbao, that has allowed Cosco Shipping Ports to achieve this strong annual growth. In China, the operator benefited from a 23.8% increase in Bohai Rim traffic (19 M TEU) and a more modest increase in the Pearl River Delta (2.9%, 45 M TEU). Internationally, Bilbao and Valencia jumped 553.8% to 3.62 M TEU. At 68.6%, the Italian port of Vado Ligure (66,600 TEUs) also experienced strong growth. Singapore, at 3.2 M TEU, grew by 56.5%. Zeebrugge, for its part, rose 24.1% to 392,500 TEUs. With 4.4 M TEU, Piraeus rose by 19.4%.

As for the Turkish port of Ambarli, it ended the year up 18.3%, to 1.25 M TEU. Seattle (-11%, 167,800 TEU) is the only port operated by Cosco Shipping Ports, which recorded a decline in 2018. According to the Dutch consulting firm Dynamar, the Chinese group saw its business grow by 141% in ten years. It stood at 40 M TEU in 2009. 2016, when it joined China Shipping Development, represented the year in which it grew the most. On the other hand, it fell sharply in 2017 with the sale of its interests to Qingdao. Last year, the terminals in which PSA has a stake handled 81 million TEUs, 9% more than in 2017. The gain was evenly split between its home port and its international facilities. Its international activities generated 55% of its global traffic.

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