Late on Friday, traffic figures for May were released from five ports partly owned by APM Terminals totalling 16.9 percent of the total APM Terminals quarter traffic. The terminals in question are the Chinese ports in Guangzhou, Qingdao, Tianjin and Dalian and the Egyptian Suez. The figures were published by the Chinese APM Terminals joint-venture partner and competitor Cosco Pacific.
In May, the five terminals handled 2.14 million TEU equivalent to a 6.6 percent increase compared to the same month last year. The APM Terminals’ part of the traffic was 539,760 TEU. Year-to-date port growth has been 8.5 percent but the traffic increase is losing steam as the first quarter increase was 11.6 percent.
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