According to Shanghai International Port Group (SIPG), the Yangshan port area alone handled 14.056 million TEU, a 7.5% increase, accounting for nearly 52% of the port's total container throughput. Total cargo throughput reached 297 million tons, a 1.2% year-on-year increase, while bulk and breakbulk cargo reached 40.193 million tons, an 8.9% decrease.
SIPG's operating revenue reached 19.569 billion CNY, with a net profit of 8.04 billion CNY.
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Shanghai Port. Photo: Seatrade Maritime News |
Shanghai Port. Photo: Seatrade Maritime News
SIPG stated that these results were influenced by the macroeconomic situation and import-export demand linked to the development of the hinterland. The global container shipping market is in a state of "weak balance," with shipping demand showing signs of slight recovery.
The company predicts that the level of concentration in the international maritime industry remains high, while trends such as larger vessels, operating alliances, digitalization, automation, green transition, and end-to-end logistics will continue to shape the market. Shipping companies are actively merging and expanding to strengthen their positions, thereby having a long-term impact on port development.
Faced with these challenges, SIPG affirmed its commitment to focusing on its core business and enhancing the service capacity of its central port in the coming period.
The Dan (Seatrade Maritime News)
