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17/06/2010
Chinese ports and airports have reported record monthly throughputs in May, exceeding analysts’ fore
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China’s container ports handled a record 12.4 million teu last month, which was 21.9% higher than the volumes in May 2009 and 16.6% higher than the same month in 2008.
Paris-based analyst AXS Alphaliner said Ningbo, Shanghai, Guangzhou, Tianjin, Xiamen and Dalian all posted their highest-ever monthly liftings on record
Meanwhile, Asia’s largest air-cargo, hub Hong Kong International Airport (HKIA), smashed its monthly high, handling 367,000 tonnes in May, which was 41.9% more than May 2009.
“The strong performance came on the back of a 48% increase in the value of Chinese exports and imports for May 2010,” Alphaliner said.
“The rise exceeded analysts’ forecasts by a significant margin. Six out of the top-10 Chinese ports posted record volumes, led by Ningbo which showed the highest growth. The port recorded a 52% increase to 1.2 million teu.”
Stanley Hui Hon-chung, CEO of Airport Authority Hong Kong, said: “Although the figures from May 2009 were low by comparison, we have, nevertheless, seen a continuation in the rebound of cargo demand, thanks to the sustained recovery of the economy.”
The airport authority said the substantial growth was also due to the continued recovery of key export markets, particularly Europe and North America.
Asian exports recorded strong growth of 61%, while imports and transhipment volumes surged 32% and 14% respectively. On a rolling 12-month basis, overall cargo throughput was up by 14.4% to 3.8 million tonnes.
But Alphaliner said that despite the strong performance, the Chinese Ministry of Commerce had warned that the Eurozone crisis would take its toll on Chinese exports to Europe in the coming months.
“It typically takes Chinese companies about two months to fulfill orders,” Alphaliner said. “May’s shipments reflected orders booked before Europe’s debt crisis deepened.
“While June figures are likely to remain strong, export growth is expected to slow from July onwards.”
In view of the uncertainties, Alphaliner estimated global container volume growth for 2010 to be 11.5%, with slower second-half growth offsetting the strong first-half figures.
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