Cargo handling capacity for China ports increases 18.3 %

DUBLIN, Ireland–Research and Markets has released its Investment Study into China’s Port Industry 2005-2006.

The study shows that China’s economy developed steadily in 2004, with the cargo handling capacity of ports in China continuing their rapid growth and breaking the record again in 2004.

By the end of September 2005, the total output of ports nationwide maintained a good momentum, with a steady increase in the main economic indices of cargo throughput, foreign trade throughput and container throughput. The cargo handling capacity of major ports added up to 2.8798 billion tons in the first three quarters, which increased by 18.3% over the same period last year, says Research and Markets.

The handling capacity of major coastal ports reached 2.14548 billion tons with an increase rate of 18.5% year on year, while major inland ports handled 734.32 million tons, a 17.8% increase compared with the same period last year.

Foreign trade cargo throughput of major ports nationwide is growing steadily amounting to 999.62 million tons, which increased 19.2% than the same period last year.

Container handling capacity of major ports nationwide achieved54.2348 million TEU with a sharp increase of 23.9% over the same period last year.

The report is based on the data from authorities such as National Statistical Bureau of China, China Customs, the Development Research Center of the State Council (DRC), the Ministry of Communications, the Department of Water Transport, China Logistics Information Center, and the information from various kinds of newspapers and magazines as well as the primary data collected by our research teams located in Tianjin-Beijing area, the Yangtze River Delta and the Pearl River Delta, etc.