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Zhonggu Logistics books $230m profit from container market in H1

Photo - Zhonggu Logistics Zhonggu Logistics_.jpg
The Chinese container service provider Zhonggu Logistics posted a net profit of RMB1.54bn ($230m) in the first half of 2022, an increase of 40% year-on-year.

The company attributed the rise in profitability to the freight rate growth this year

Zhonggu is expanding its fleet and has already secured eighteen 4,600t eu containership contracts with Chinese domestic shipyards. The first new vessel will start operation in October this year. 

Established in 2003, Zhonggu Logistics is one of the major domestic container shipping companies in China and has a fleet over 100 containerships.

Zhonggu is also developing a multi-model container logistics park at Qinzhou, Guangxi province, a hub port at China’s west land-sea international trade corridor. Equipped with ZPMC developed terminal management system TOS, the logistics park will have the most advanced inland container yard in China, which is scheduled for operation in the fourth quarter of 2022.

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