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Port cargo volume stabilizing

Port cargo volume stabilizing
In the first half of 2009, large ports handled 3.27 billion tons of freight, an increase of 2.6 percent compared to the same period last year.

In the first half of 2009, large ports handled 3.27 billion tons of freight, an increase of 2.6 percent compared to the same period last year.

In the first half of 2009, large ports handled 3.27 billion tons of freight, an increase of 2.6 percent compared to the same period last year. The growth rate rose by 0.6 percentage points compared to the first quarter. Port handling grew slightly. Due to the recovery of transportation demand by bulk commodities, such as foreign ores and crude oil, domestic coal and construction materials, the growth rate of freight handling has continued to increase for four consecutive months. Although the number of containers handled decreased, indicators show that this number is stabilizing. The volume of domestic trade cargo handled increased by 3.9 percent, much higher than foreign cargo, a reflection of the current macro-economy, active domestic demand and weak foreign demand.

A look at cargo handled shows that 610 million tons of coal and coal products were handled by ports, a decrease of 6.6 percent over the same period last year. However, the rate of decline decreased by 6.6 percentage points compared to the first quarter. Due to factors such as the lowered price of foreign coal, the monthly handling of coal imports from April through June showed rapid growth, increasing by 2.2, 2.8 and 4.2 times respectively. As demand for coal from major coal-importers in the Asia-Pacific region shrank greatly, the volume of foreign coal exports was 28.4 percent of the amount handled during the same period last year.

www.TurkishMaritime.com.tr

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