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.

China Merchants Port container volumes boosted by Terminal Link acquisition

Photo: Marcus Hand cmacgmcortereal (002).jpg
CMA CGM Corte Real in Singapore
China Merchants Port reported a HK$1.55bn profits in the first half of this year, a decline of 76.3% year-on-year, the revenue dropped 8.7% to HK$4.1bn.

During the first half of 2020, the group’s ports handled a total container volume of 54.87m teu, an increase of 0.6% as compared with the corresponding period last year.

The group’s ports in Mainland China, Hong Kong and Taiwan contributed an aggregate container throughput of 42.63m teu, a decrease of 3.3% year-on-year, which was mainly due to the impact on import and export demand arising from the spread of the Covid-19 pandemic.

A total container throughput handled by the group’s overseas ports grew 16.6% year-on-year to 12.24m teu which was mainly benefitted from the additional throughput contributed by the terminal assets acquisition of Terminal Link.

Bulk cargo throughput reached 199m tons, a decline of 10.9%, the ports in mainland handled a total bulk cargo volume of 196m tons, a decrease of 10.9% year-on-year.

For the second half of this year, the group will keep up the efforts in pandemic prevention and facilitating the resumption of work and production, promote sustainable and high- quality development with a focus on maintaining growth, improving quality and efficiency, enhancing capability, promoting reforms, strengthening innovation, controlling risks and attracting talents, striving to achieve the vision of “to be a world’s leading comprehensive port service provider,” said China Merchants Port.