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CMPort Smashes 100 Million TEU in 2017

CMPort Smashes 100 Million TEU in 2017

Hong Kong-based shipping conglomerate China Merchants Port Holdings Company (CMPort) handled a total container throughput of 102.93 million TEU in its port businesses in 2017, the first time a Chinese enterprise has moved such volumes.

This milestone reflected a throughput increase of 7.5% on 2016’s figures, with, 77.10 million TEU of container throughput from China.

Its terminals in Hong Kong and Taiwan handled a further 7.48 million TEU.

CMPort’s overseas terminals reached 18.35 million TEU, with throughput increases by Colombo International Container Terminals Limited (CICT), Sri Lanka, up 18.5% and Lomé Container Terminal S.A. (LCT), Togo, up by 67.5%.

Read a technical paper by Professor Dr Theo Notteboom, Shanghai Maritime University, China; Ghent University, University of Antwerp, on the current state of Chinese seaport governance

The company oversees port operations across 190 container berths and more than 220 bulk cargo berths.

At the end of 2017, CMPort owned 31 ports across China, Hong Kong, Taiwan, and internationally, totaling 16 countries and regions, and over five continents.

In 2017, the company strengthened its port business through several major business investments.  

It came on board as a shareholder of the Hambantota Port, Sri Lanka and TCP Participações S.A. (TCP) in Brazil.

In Mainland China, it took a majority stake in Shantou Port Group Corp Co.

In a statement, Bai Jingtao, Managing Director, CMP, reflected that the milestone marked a new and historic stage for the company’s port business.

He said: “We will continue to work unremittingly to become the world's leading enterprise with global competitiveness.

We will actively develop overseas ports and related business, as well as servicing the local and global economy.”

CMPort will further consolidate, improve and enhance the port network and operations in China in order to strengthen its leading position within the global container industry.”

Read more:

China Merchants Port Holdings (CM Port) has agreed to buy 90% of Terminal de Contêineres de Paranaguá (TCP), one of Brazil’s largest and most profitable port terminals, for $925 million

China Merchants Port Holdings (CM Port) has posted an 86% jump in net profit for the first half of 2017 after securing a one-off gain and handling higher volumes at its ports

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