Shandong provincial port volume up 10pc in 9 months to 14.19 million TEU

SHANDONG coastal ports posted an 11.5 per cent increase in container volume to 14.19 million TEU in the first nine months of 2012 as provincial foreign trade throughput increased 11.5 per cent to 448 million tonnes, reports Xinhua.

Overall, Shandong ports recorded a year-on-year growth of 10.3 per cent year on year in volume to more than 800 million tonnes in the first nine months.

Investment in transport fixed assets increased to US$6.9 billion growing 51 per cent year on year over the same period.

Highway construction reached $4.9 billion, up 63 per cent year on year, port and shipping construction hit $1.2 billion, posted a 24 per cent growth, also it has experienced a 38 per cent growth in station construction costing $733.1 million.

Passenger volume grew 4.9 per cent to 1,890 million persons in highway and waterway transportation, and the freight volume amounted to 2,297 million tonnes, up 5.8 per cent. The highway passenger volume reached 1.8 billion, growing 4.8 per cent and the freight volume came to 2,194 million tonnes rising 5.8 per cent while waterway passenger volume was up 12.4 per cent to 21,370,000 and freight volume grew 4.6 per cent to 103 million tonnes.