At the annual general meeting, the company commented on the slowdown in throughput in May and uncertainty about global export markets in the second half, according to local reports. Concerns were raised about volatility in mainland port volumes and whether throughput would slow further in the third quarter.
Growth at mainland container ports slowed to 7.6% in May from 9.4% the month before, according to China's transport ministry.
The company hopes its overseas ports, including those in Sri Lanka and Nigeria will help offset the declines at Chinese ports. Throughput at these ports is expected to increase 10% this year and comprise about a third of total throughput within a few years from just a tenth now.
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