Throughput 2013: 13,000,000 teu – up 5.67 per cent on 2012 (12,303,000 teu)
Tianjin Port (Group) Co has forecast that it will handle 14 million teu in 2014, which would represent a growth of 7.7 per cent over the throughput achieved in 2013. It is certainly an ambitious figure, given that few of China’s largest ports managed that sort of growth rate last year, and would generate revenue of some US$5.7 billion.
The company, which is owned by Hong Kong stock market-listed Tianjin Port Development, is also forecasting that it will hit the 20 million teu mark by 2017, although this might be considered too ambitious. Its chief growth strategy over the next few years is to improve the hinterland connections in order to capture cargo that is further into the Chinese interior.
In addition, last year it expanded the navigation channel into the port. This is expected to substantially reduce vessel turn-around times.