The Larger the Container Vessels, the More Profitable They Are?

Tuesday, September 05, 2017 1 Comment 81 Views 1

The Larger the Container Vessels, the More Profitable They Are?

Released on August 28 by Shanghai International Shipping Institute, a report shows that driven by the promising trend of global economy, recovery of international trade and continuous price increase of staple commodities, throughput volumes of the world’s major ports generally had seen a rise since Q1 and will continue to rise. In general, port handling capacity for Q2 in 2017 remained increasing.

The report shows that the year-on-year growth of Q2 cargo throughput of global major ports was 6.8%. To be specific, the uptrend of the global container shipping industry had lasted since Q4 last year. Container throughput of major ports saw a year-on-year growth of 7.2% and a quarter-on-quarter growth of 9.8%.

Q2 cargo throughput of top 10 ports in the world was 1.525 billion tons, seeing a year-on-year growth of 6.34%. More than half of the top 10 kept the same rankings in Q2 compared to the same period last year. To be specific, China’s Tangshan Port benefited from the strong rising momentum of dry bulk cargo throughput and its ranking improved from 7 to 4. However, Tianjin Port, also located in China, negatively affected by a coal related event, saw a decrease of cargo throughput to 128.71 million tons with a growth of -10.3%. Generally speaking, there was not much change for the rankings of cargo handling capacity of the top 10.

The Larger the Container Vessels, the More Profitable They Are?

But regarding dry bulk cargo throughput, global ports differed. Specifically, a dramatic increase was witnessed for Qinhuangdao Port, its Q2 throughput tripling compared to that last year. Conversely, the throughput of the coal terminal of Australia’s Hay Point Port saw a sharp decrease of 82% in April. The growth of dry bulk cargo throughput of Australia’s major ports also decreased.

The report also shows that global terminal operators presented a relatively stable development trend for Q2. In terms of throughput, performances of terminal operators varies. COSCO ports saw a negative growth since their integration, with the overall throughput decreasing by 2.7% year on year. Development of ports operated by China Merchants Port remained stable with the growth exceeding that for the same period last year.

As to foreign operators, their growths were all positive. Particularly, the performance of Dubai Port World was the best with the growth soaring since the beginning of 2017 and the throughput breaking the 9 million TEU mark for the first time. Maersk development also remained relatively stable with a year-on-year increase of 4.3%.

 

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