Cargo losses in transit are limited to door of Piraeuswhich continues to face pressure from the continued diversion of ships around the Cape of Good Hope due to the war situation in Red Sea.
The decline is mainly concentrated in transit cargo rather than domestic cargo, which offers profitable results.
According to data from Cosco Shipping Port, 387 thousand containers were handled at Piers II and III in September 2024, compared to 396 thousand TEUs in the same period in 2023, a drop of 2.3%.
It should be noted that the drop in container traffic in August 2024 compared to the same month in 2023 was 4.3%.
At the level of the 9 months January-September 2024, the movement of containers from piers II and III fell 9.7% compared to the same period in 2023.
In total, 3.107 million containers were moved in the nine months, compared to 3.442 million in the same period in 2023.
It is also noted that in the 8 months of January-August 2024, the movement of containers from piers II and III decreased by 10.7%.
Also from the pier I got PPA SA traffic in September 2024 reached 53 thousand TEUs against 50 thousand TEUs in August.
The total movement of containers in the 36 ports controlled by the Cosco Seaports, part of the Cosco Shipping Group, continued to grow in September 2024 by 1.1%, (9.388 million containers compared to 9.287 million in the same month of 2023).
In the first nine months of 2024, 83.147 million containers were handled in Cosco’s 36 ports, compared to 77.836 million in the corresponding period of 2023, an increase of 6.8%.
Agreement with CSSC
China State Shipbuilding Corporation (CSSC) and COSCO Shipping Group signed a strategic cooperation framework agreement in Shanghai.
The signing ceremony was attended by Mr. Wen Gang, Chairman of CSSC, who while welcoming Mr. Wan Min, Chairman of COSCO Shipping Group, said that China State Shipbuilding Corporation strives to become a world-class shipbuilding company.