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China Merchants Port container volumes boosted by Terminal Link acquisition

Author:   Posttime:2020-09-01

China Merchants Port reported a HK$1.55bn profits in the first half of this year, a decline of 76.3% year-on-year, the revenue dropped 8.7% to HK$4.1bn.

During the first half of 2020, the group’s ports handled a total container volume of 54.87m teu, an increase of 0.6% as compared with the corresponding period last year.
The group’s ports in Mainland China, Hong Kong and Taiwan contributed an aggregate container throughput of 42.63m teu, a decrease of 3.3% year-on-year, which was mainly due to the impact on import and export demand arising from the spread of the Covid-19 pandemic.
Related: China Merchants Port jv completes acquisition of eight terminals
A total container throughput handled by the group’s overseas ports grew 16.6% year-on-year to 12.24m teu which was mainly benefitted from the additional throughput contributed by the terminal assets acquisition of Terminal Link.
Bulk cargo throughput reached 199m tons, a decline of 10.9%, the ports in mainland handled a total bulk cargo volume of 196m tons, a decrease of 10.9% year-on-year.
For the second half of this year, the group will keep up the efforts in pandemic prevention and facilitating the resumption of work and production, promote sustainable and high- quality development with a focus on maintaining growth, improving quality and efficiency, enhancing capability, promoting reforms, strengthening innovation, controlling risks and attracting talents, striving to achieve the vision of “to be a world’s leading comprehensive port service provider,” said China Merchants Port.

source:Seatrade-maritime

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