Shanghai International Port Group profits up 17pc in 2022
THE Shanghai International Port Group (SIPG) posted a record 17.31 per cent year-on-year net profit increase to CNY17.2 billion (US$2.5 billion), reported the UK's Seatrade Maritime News.
Container volume increased 0.6 per cent year on year in 2022 to 47.3 million TEU, exceeding 40 million TEU for six consecutive years. maintaining its standing as the world's busiest container port for 13 years.
Yangshan port area was the core container handling base of SIPG, which posted a container volume of 23.91 million TEU, accounting for 50.5 per cent of the port's total container throughput.
With the improvement and enhancement of hub port status in Belt and Road Initiatives and Yangtze river economic belt, foreign trading service connectivity of Shanghai port also ranks top one among global ports, according to SIPG.
In 2022, the Chinese ports posted a total container volume of 296 million TEU, an increase of 4.7 per cent year on year.
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