SIMIC

According to China Ports and Harbours Association, cargo throughput of the major Chinese coastal hub ports declined 5.6% during first ten-day period of May, while the cargo throughput of Yangtze river hub ports dropped 11.8%.

The container volume of eight major ports declined 7.3%, with half of the ports suffering an over 15% decline, especially serving the international trades.

Related: Maersk warns of 20 – 25% drop in volumes in Q2

The crude oil throughput of major coastal ports increased 6.1%, among which growth rate of Rizhao port and Yantai port exceeded 20% while Dalian port achieved over 40% growth. However, iron ore shipments volume declined 6.5%.

Ports along Yangtze river continue to face low cargo volumes. The three major Yangtze river ports, Nanjing, Wuhan and Chongqing posted a decline of 11.8% and 25.4% for cargo throughput and container volume.