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在线翻译:
szdaily -> Markets
Tianjin Port overhauls business as war on smog bites
    2017-August-31  08:53    Shenzhen Daily

ONE of China’s top ports is moving to expand its containerized volumes following a big drop in coal and steel cargoes after a ban earlier this year on using trucks at the port to transport coal, part of the government’s war on smog.

Tianjin Port Development Holdings Ltd. said late Tuesday that coal handling in the first half fell by 24 percent and steel throughput was down by 27 percent, while metal ore handling also decreased.

Tianjin, China’s second-largest port by cargo volume, is the key hub for trading 100 million tons a year of seaborne coal and domestic coal from Inner Mongolia. The results are the first data illustrating the impact of the March transportation ban.

Coal delivered to the port must now be handled by rail for long-distance transportation, which hurt the port’s non-containerized cargo business, it said.

Total cargo throughput in the first half was 218.2 million tons, down 7.3 percent year on year mainly due to the decrease in volumes of non-containerized cargo.

Non-containerized cargo revenue dropped 20 percent to HK$2.49 billion (US$318.2 million), representing 30 percent of interim revenue, down from 40 percent last year, results showed. Container handling rose 3.2 percent to HK$957 million.

Given the challenges of more stringent environmental and safety policies and competition from nearby ports, Tianjin Port said it will boost efforts to develop its container business, expand its logistics business and build a one-stop logistics service among other measures. (SD-Agencies)

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