China’s ports see 8.1% YoY volume growth in early 2024
NewsLast year, all the Chinese ports handled 16.97 Bt, having exceeded their 2022 volume by nearly 8%. Shanghai throughputs surged, Hong Kong saw a downfall.
China Merchants takes the credit
Last month, China Merchants Holdings (International) Company Ltd(CMHI) signed a 3-year loan agreement that allows it to access up to HK$1.2 bill in development funding from seven banks. Last year, the company announced a new strategy of “mass investments” in ports and chairman Dr Fu Yuning said the credit facility would be used to “sustain and expand CMHI’s developments in ports such as Shenzhen, Tianjin, Ningbo, Qingdao, and Zhangzhou and related marine and logistics services so as to realise o
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