Cosco Shipping Ports experienced consistent growth in volume during the first nine months. This positive trend is a testament to the company's strong performance and strategic initiatives. By maintaining steady volume growth, Cosco Shipping Ports has demonstrated its ability to effectively meet the demands of the market and adapt to changing industry dynamics. This achievement reflects the company's commitment to delivering exceptional service and value to its customers. Moving forward, Cosco Shipping Ports will continue to leverage its extensive network and expertise to further enhance its position as a leader in the shipping industry.
Total Throughput Analysis
Cosco Shipping Ports posted a 2.8% increase of total throughput in the first nine months of this year.
Among them, the total throughput from terminal companies in which the group has controlling stakes decreased by 5.1% year-on-year to 22.9 million teu, accounting for 22.9% of total volume; while the total throughput of non-controlling terminal companies increased by 5.5% to 77.2 million teu, accounting for 77.1%.
Future Investment and Development Opportunities
The group said it would continue to explore investment and development opportunities in key hub ports in emerging markets, regional markets and third country markets; take the transformation and upgrading of renewable energy products in overseas countries as an opportunity to seize the new growth opportunities brought by the export of these products in the port supply chain services, and strive to build a digitalised supply chain of benchmark products.
Advancement of Smart Ports
Additionally, the port will advance the construction of smart ports, enhance the automation and intelligence of terminals, improve the comprehensive operational efficiency, and accelerate the striving to become a world-class port, commented Cosco Shipping Ports.
(This article is sourced from seatrade-maritime.com and curated by Thetransporteronline24)
