SIPG container volume up 5.3% in H1 2023

The volume figure for the first half of year sees Shanghai firmly remaining as the world’s largest container port.

Within the Shanghai port area of Yangshan posted a container throughput of 11.9m teu, accounting for 50.1% of the port’s total container volume. Cargo throughput of SIPG was 276m tons in H1, growing 13.6% comparing with the same period of last year.

However, the revenue and the net profit of the port were RMB16.1bn and RMB7.3bn, declining 19.82% and 32.24% respectively.

“There was growth pressure from port throughput in the first half due to the slowdown of China’s import and export. Global international hub ports’ competition will be intensified in the coming days and we need to strengthen multi-modal transportation between hinterland and ports and jointly promote high-quality development of the integration of regional ports, as well as the digitalization, automation and technology innovation,” said SIPG.

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