“The port achieved great performance in 2019, especially in the sector of container handling volume. We have accomplished the major economic targets for the past year,” said Shanghai International Port Group (SIPG).
The port reported RMB36bn ($5.1bn) revenue and RMB9bn ($1.2bn) net profit in 2019, a decline of 5.3% and 12.5% year-on-year.
Singapore remained the world’s second largest container port in 2019 reporting a volume of 37.2m teu on Monday.
Copyright © 2020. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.