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COSCO SHIPPING Ports Limited
COSCO SHIPPING Ports Limited

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COSCO Group become the top ten container port operators in the world

Date:2003-03-08     Publish:本站

According to the recent statistics announced by Drewry Shipping Consultants, COSCO Group was ranked the eighth among the top ten container port operators in the world in 2002, which handled 4.7 millions TEUs for the whole year, accounting for 1.7 percents of the container handling throughput in the world.

The top four in the rank are Hutchison Whampoa, PSA International of Singapore, Maersk and P&O Group respectively. They all have cooperation relations with COSCO Pacific in port projects of Asia region.

In recent years, there is a spectacular trend that global container port industry is gradually monopolized by few private port operators. In 2002, container handling volume of the top ten port operators are 127 million TEUs, representing 46.1% of the total container capacity in all ports in the world. Because of high entry barrier of container port industry, merge and acquisition activities inside the industry become more common. Market monopoly by few private port operators is expected to continue.