October 07, 2008

Shanghai Port earnings up 14% on cargo boost

Shanghai International Port, China's biggest port operator by throughput posted a 14% rise in first quarter profit to USD 145 million compared with USD 127.8 million thanks to a robust growth in cargo throughput.

Shanghai International Port revenue was up by 23%YoY to USD 603.5 million. The port’s container throughput hit 6.61 million TEUs up by 12.2% YoY while cargo throughput in the period up by 4.8% to 89.5 million tonnes.