China's biggest ports see TEU volume surge 41pc in February
The leading sea and river ports on mainland China handled 7.63 million TEU in February, representing an increase of 41.2 per cent over the same month a year ago, Xinhuafinance.com reports.
The upsurge in container volumes coincided with the Chinese New Year holiday that are traditionally marked by a slowdown.
A breakdown of the statistics produced by China's Ministry of Communications shows that cargo volumes grew by 21.4 per cent year on year to 379 million tons in February.
In the first two months of the year, China's larger ports collectively saw a 30.2 per cent increase in container volumes amounting to 16.05 million TEU, while aggregate cargo volumes stood at 800 million tons, up 21 per cent over the same period last year.
Iron ore imports rose nine per cent in February to 29.7 million tons, and by 6.8 per cent in January and February to stand at 61.7 million. The ministry is expecting the volume of iron ore imports to spike this month ahead of an expected price hike in April.
The report added that China has more than 40 major ports.
The upsurge in container volumes coincided with the Chinese New Year holiday that are traditionally marked by a slowdown.
A breakdown of the statistics produced by China's Ministry of Communications shows that cargo volumes grew by 21.4 per cent year on year to 379 million tons in February.
In the first two months of the year, China's larger ports collectively saw a 30.2 per cent increase in container volumes amounting to 16.05 million TEU, while aggregate cargo volumes stood at 800 million tons, up 21 per cent over the same period last year.
Iron ore imports rose nine per cent in February to 29.7 million tons, and by 6.8 per cent in January and February to stand at 61.7 million. The ministry is expecting the volume of iron ore imports to spike this month ahead of an expected price hike in April.
The report added that China has more than 40 major ports.
