Cosco re­ports Fe­bru­ary fall in con­tain­ers

Kathimerini English - - Focus - NIKOS ROUSSANOGLOU

Cosco Group yes­ter­day an­nounced a 2.8 per­cent in­crease in the num­ber of con­tain­ers han­dled by its sub­sidiary in Pi­raeus (Pi­raeus Con­tainer Ter­mi­nal) in the first cou­ple of months this year from the same pe­riod in 2016. The to­tal num­ber of con­tain­ers han­dled came to 546,600, against 531,700 last year.

How­ever, that in­crease is ex­clu­sively at­trib­uted to Jan­uary 2017, when con­tainer traf­fic had in­creased 12 per­cent year-on-year. In Fe­bru­ary con­tainer ac­tiv­ity de­clined 5.4 per­cent to 264,800 con­tain­ers, against about 280,000 in Fe­bru­ary 2016.

That was the first monthly yearon-year drop since Novem­ber 2015, when a de­cline of 4.2 per­cent from Novem­ber 2014 was recorded. The main rea­son for the drop seen last month was the fact that Fe­bru­ary had 28 days in 2017, against 29 days in 2016, which trans­lates into the loss of 7,0008,000 con­tain­ers over one day.

In 2016 con­tainer han­dling in Pi­raeus, the big­gest port Cosco op­er­ates out­side of China, recorded an all-time high of 3.47 mil­lion units, up 14.4 per­cent on 2015 fig­ures. In the pe­riod from 2007 to 2016 it grew by a to­tal of 167.7 per­cent.

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