01-04-2016

Shanghai Port Group profit falls 3pc, but throughput up 3.5pc in 2015

Shanghaiport

SHANGHAI International Port (Group) Co (SIPG) box volume was up 3.5 per cent year on year in 2015 to 36.54 million TEU, making Shanghai the world's busiest container port, though, net profit dropped three per cent to CNY6.56 billion (US$1.01 billion).

In the first two months of this year, Shanghai port handled 5.53 million TEU, down 3.5 per cent year on year, reported Seatrade Maritime News.

But the Chinese port operator recorded a 2.5 per cent increase in annual revenue to CNY29.51 billion last year, mainly due to the higher box throughput, even as China's economic growth slows down.

Source: Schednet

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