Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Zhonggu Logistics posts record profit for 2022

Photo - Zhonggu Logistics Zhonggu Logistics_.jpg
The fast-expanding Chinese logistics service provider, Zhonggu Logistics, has posted a record high net profit of RMB2.74bn last year, an increase of 14.02% year-on-year.

The sustainable economic growth of Chinese economy brought stable demands increasing to domestic container logistics, and the freight rate improvement also made contributions to the company’s performance growth, said Zhonggu Logistics.

Starting from October 2022, eighteen 4,600 teu containerships ordered by the company had been progressively delivered till the first half of 2024, which will became the major capacity supply to domestic container shipping market. 

“The company will stick to develop domestic container shipping as core business, enhance multi-modal transportation service ability and promote implement of bulk-to-container strategic,” said Zhonggu, “Additionally, RCEP has brought historic development opportunities for the company to develop coastal service, and we will continue to explore new business growth points via the combination of domestic and foreign trading logistics services.”

In 2022, Zhonggu Logistics handled container volume of 12.13m teu.