Volumes up by 2.4% across China Merchants’ container terminals

Container volumes across the global portfolio of China Merchants Port Holdings (CMPort) rose slightly by last year, with the operator attributing the lack of momentum to US-China trade friction and geopolitical tensions.

The group’s ports handled a total container throughput of 111.72m teu up by 2.4% over the previous year, while bulk cargo dropped by 10.5% to 449m tonnes.

Revenue fell by 12.4% to HK$8.9bn (US$1.1bn), largely due to the disposal of an equity interest in Shenzhen Chiwan Wharf Holdings during the previous year.