CMPort Marks 100 Mn TEU Milestone in 2017
- Business & Finance
China Merchants Port Holdings Company Limited (CMPort) reached a milestone during 2017 as it handled over 100 million TEUs during the year.
For the year ended December 31, 2017, the port’s total throughput was at 102.9 million TEUs, up 7.5% from the previous year.
Mainland China contributed 77.1 million TEUs to the total volume, while Hong Kong and Taiwan handled 7.5 million TEUs. Overseas ports reached 18.3 million TEUs, with Colombo International Container Terminals Limited (CICT) in Sri Lanka and Lomé Container Terminal (LCT) in Togo throughput increasing by 18.5% and 67.5%, respectively.
“In times with the 25th listing anniversary of the company in Hong Kong, CMPort and its subsidiaries surpasses 100 million TEUs, setting a new record in history,” Bai Jingtao, Managing Director, said.
In 2017, the company became the shareholder of the Hambantota Port in Sri Lanka and TCP Participações S.A. (TCP) in Brazil. Regarding port investment in Mainland China, CMPort has taken a majority stake in Shantou Port Group Corp during the year.
As of the end of 2017, the business of CMPort covered 31 ports in 16 countries and regions and over five continents, with more than 190 container berths and more than 220 bulk cargo berths.