Commodities boost China's port recovery
According to statistics from the Ministry of Transport, the major ports' throughput reached about 600 million tons. The throughput at China's major coastal ports amounted to 500 million tons in July, up 12.9 percent from the same month last year, marking the first double-digit growth since last September.
The throughput of foreign-trade goods rose to 190 million tons in July, increasing by 13.8 percent year-on-year; the three commodities; iron ore, coal, crude oil were still the major driving-force for the economic recovery of ports.
The handling capacity of main coal ports accomplished about 48 million tons, an increase of 12.6 percent from last July. In addition, the handling capacity of imported crude oil in major ports also soared dramatically, achieving 16.27 million tons in July, up by 25.9 percent year-on-year. The declining in container throughput in China's ports showed an obvious slowdown. In July, China completed 10.56 million TEUs container throughput, down by 4 percent, the smallest decline this year. Container transport has emerged as a sign of recovery.
The throughput of foreign-trade goods rose to 190 million tons in July, increasing by 13.8 percent year-on-year; the three commodities; iron ore, coal, crude oil were still the major driving-force for the economic recovery of ports.
The handling capacity of main coal ports accomplished about 48 million tons, an increase of 12.6 percent from last July. In addition, the handling capacity of imported crude oil in major ports also soared dramatically, achieving 16.27 million tons in July, up by 25.9 percent year-on-year. The declining in container throughput in China's ports showed an obvious slowdown. In July, China completed 10.56 million TEUs container throughput, down by 4 percent, the smallest decline this year. Container transport has emerged as a sign of recovery.