Aside from Singapore, the biggest declines in February for COSCO were in Nansha (28.4 percent) Hong Kong (28.1 percent), Shanghai (23.1 percent), Yantian (15.3 percent) and Dalian (14.1 percent). Those are five the terminal operator's biggest facilities, but its biggest terminal, in the Port of Qingdao, actually saw growth of 2.7 percent in February to 686,300 TEUs.
Going back to Singapore, the Maritime & Port Authority of Singapore said February volumes at the world's busiest container port fell nearly 20 percent in February. That's the seventh straight month of declining volume, the longest such stretch on record.