Shipping and port operator China Merchant’s Holdings (0144.HK) said transport volumes might this year overtake 2008’s record levels, Bloomberg reported. The company forecast container volume to grow between 10% and 15% this year as international trade picks up. Deputy general manager Cynthia Wong said an increase of 15% would surpass the 50.6 million twenty-foot equivalent units (TEUs) shipped by China Merchants two years ago. The company said group container volumes dropped 13% last year to 43.9 million TEUs due to a drop off in US and European consumption. Shipments at China Merchants’ mainland ports rose 22% in the first four months of the year, management said.
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