Container throughput up 4% for COSCO Shipping Ports

COSCO Shipping Ports (CSP) saw container volumes rise by 4% last year to 136m teu, despite challenging market conditions affecting Chinese export growth.

On an equity basis, the terminal operator handled 43.3m teu, representing a 3% rise, although total throughput from terminals where CSP has controlling stakes fell by 3% to 30.8m teu.

Revenue was up by 1% to US$1.5bn, while gross profit fell by 2% to US$421m.