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Cosco box terminals increase July volumes 17.3pc to 7.6 million TEU

COSCO Shipping, the new name for Cosco Pacific, the conglomerate's port operator, posted a 17.3 per cent year-on-year July increase in volume through all of its container terminals to 7.6 million TEU.

Terminals operated by COSCO Ports handled 7.6 million TEU last month, up from 6.5 million in July 2016, according to recent statistics from the company.

Of the 37 terminals listed, 30 saw an increase from July 2016, with the individual jumps from 3.8 per cent at Jinzhou New Age Container Terminal in China to 139 per cent at Kumport Liman Hizmetleri ve Lojistik Sanayi ve Ticaret AS in Istanbul.

Through the first seven months of the year, data shows COSCO Ports handled a total of 49.4 million TEU, a 12.7 per cent increase from the 43.8 million TEU year on year.

The biggest year-to-date increase came at Busan Port Terminal in South Korea, where traffic jumped 87.7 per cent to 2.04 million TEU.

The biggest year-to-date decline came at Lianyungang New Oriental International Terminals in China, where volume fell 19.6 per cent year on year to 1.69 million TEU in the first seven months of the year.