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Tianjin Port Container Throughput Up 11.4% In May

Source:   Time:

June 7 -- Tianjin Port (600717) recorded a five percent year-on-year increase in cargo throughput in May to 35.28 million tons, reports Securities Times, citing Xinhua News Agency.


Container throughput in the same period rose 11.4 percent year-on-year to 852,000 twenty-foot equivalent units (TEUs).


Tianjin Port opened new routes to West Africa, South America and Southeast Asia in May. In addition, it resumed a route in the United States and restarted a domestic route between Taizhou in Jiangsu province and Gantai.


Tianjin Port recorded a 42.1 percent year-on-year increase in crude oil throughput to 4.23 million tons in May. This was attibuted to an increase in oil imports by Sinopec (600028, 0386.HK) and an increase in the volume of oil produced by China Oilfield Services (601808) in the Bohai region.


In the first five months, cumulative cargo and container throughput increased eight percent year-on-year and 11 percent year-on-year respectively to 163 million tons and 3.83 million TEUs.


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