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Cosco Shipping Ports posts 8.8% container growth in H1

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Cosco Shipping Ports’ total container throughput increased by 8.8% year on year to 62.7m teu in the first half of 2021.

During the period, total throughput of the Greater China region increased by 10.1% year to year to 48.47m teu and accounted for 77.3% of the groups total throughput. 

Total throughput of the overseas region was 14.24m teu, increased by 4.7% and accounted for 22.7% of the groups total throughput. 

As the global economy has started to show signs of recovery, imports and exports of China recorded strong performance for the first half of 2021, and trade and economic activities are expected to further improve, driving shipping industrys prosperity into an upward cycle, commented Cosco Shipping Ports.

The company will continue to optimize the global terminal network, provide support for the container fleet of the parent company in the global routes network, promote the introduction of new routes, and strive for more routes to call at the companys terminals so as to achieve the increase of the container volume. 

In addition, to actively develop 5G ports, the company will be undergoing big data preparation to satisfy necessary conditions for the digital transformation of the company and will keep on proceeding and improving terminal automation. 

Cosco Shipping Ports recorded a profit of $175.6m in H1, increased by 7.5% year on year, among which the profit from the terminals segment amounted to $216.86m, an increase of 59.9%.

 

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