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Shanghai International Port records profit of $1.08bn in 2014

Shanghai International Port (Group) Co (SIPG) has recorded higher net profit in the financial year 2014, and retained the world’s busiest container port title for Shanghai port.

Lee Hong Liang, Asia Correspondent

January 13, 2015

1 Min Read

Kalyakan - stock.adobe.com

Shanghai-listed SIPG posted a profit of RMB6.68bn ($1.08bn), a jump of 27% compared to RMB5.26bn in the previous financial year.

Revenue inched up by 1.9% year-on-year to RMB28.7bn.

SIPG also confirmed an annual box throughput of 35.29m teu in 2014, up 4.5% from 33.77m teu seen in 2013.

Shanghai’s closest rival, Singapore, is unlikely to beat the Chinese port as the island-state handled 30.96m teu in the first 11 months of 2014, trailing behind by 4.33m teu.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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