Container Thoughput

The total throughput achieved by WIT for 2010 was 265,779 TEUs, an increase of 14,751 TEUs or 6% over that of 251,028 TEUs for 2009. Of the 265,779 TEUs handled in 2010, 59,503 TEUs (2009: 57,730 TEUs) or 22% (2009: 23%) and 206,276 TEUs (2009: 193,298 TEUs) or 78% (2009: 77%) were attributed to Wuhan sourced and transshipment cargos respectively.

The modest increase of 6% in overall throughput over 2009 (2009: 57%) reflects the historical high level growth in throughput in 2009 had not recurred.

Against the background of high road transportation costs which hindered local containers discharge at the WIT Port, WIT was successful in encouraging cost conscious shipping companies and cargo owners to divert their cargos from the competitor port to its port through the establishment of its own trucking fleet and the provision of road transportation services at cost to customers discharging their cargos at the WIT Port. This has resulted in the G roup achieving a marginal increase in Wuhan sourced containers. The increase in transshipment container throughput was mainly due to higher level of containers from upstream areas of the Yangtze River for transshipment at the WIT Port.

General Cargo

Throughput of general cargo for 2010 was 43,015 tons, a decrease of 70% over 2009. Entry barrier for this segment of business is low and hence keen competition from minor operators downstream. WIT entered into this segment of business in the past partly to utilise its surplus capacity. Going forward, with the growth in container throughput, revenue from general and bulk cargo business will no longer be considered as one of the mainstream income of the Group.

Agency & Logistics

The agency and logistics businesses continue to make important contributions to the revenue of the Group in 2010. Revenue from these sources accounted for 49% of revenue (2009: 45%). It includes income from freight forwarding, customs clearance, transportation of containers and the pro vision of bonded and general warehousing, stacking yard storage and repackaging. The increase in revenue is attributable to the general increase in throughput and the increase in hauling capacity by way of adding more trucks to the service.

New Port & Logistics Facilities

Being a ports and logistics company operating in a high growth economy, the Group’s strategy is twofold– expanding the volume of business on the operations side and at the same time constructing new facilities to cater for growth.