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Yangtze River ports register box, cargo growth in January
2009/2/26
PORTS along China''s Yangtze River have experienced their first monthly increase in cargo volume in January, ending six months of decreasing traffic.
However, experts are not predicting that businesses on the river will see a full recovery until the second half of the year, reports Xinhua.
It said that according to the latest official figures major ports in the area reported cargo throughput of 80 million tons in January, an increase of 5.7 per cent compared to the same month last year.
Container throughput in the ports rose to 550,000 TEU in January, an increase of 19.6 per cent year-on-year, compared to eight per cent and 14 per cent growth in November and December respectively.
The ports along the Yangtze include Chongqing, Shanghai Yangshan, and other in the provinces of Hubei, Jiangxi, Anhui and Jiangsu.
The report noted that growing investment in the construction of railways, roads, bridges and metros is driving demand for iron ore and coal, two major commodities shipped via the ports along the Yangtze River.
For all ports in China, cargo throughput reached 449.96 million tons in January, up by 5.7 per cent year-on-year, and container throughput amounted to 8.99 million TEU, up by 13.3 per cent, according to the Ministry of Transport.
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2009/2/27