Ongoing liner consolidation to have long-term and profound impacts on port development, says SIPG.
In the first six months, its container throughput was 27.065m teu, a year-on-year increase of 6.1%. Container volume at its Yangshan port area amounted to 14.056m teu, grew 7.5%, accounting for 51.9% of the total container throughput of the entire port.
Shanghai port handled a cargo throughput of 297m tons in the first six months, a year-on-year increase of 1.2%. Bulk and general cargo throughput reached 40.193m tons, a decrease of 8.9%.
Operating revenue of Shanghai International Port Group (SIPG) was RMB19.569bn and a net profit of RMB8.04bn.
In the first half of 2025, the supply and demand in the container shipping market are in a weak balance, with a slight recovery in container shipping demand.
“SIPG’s performance was mainly driven by the macroeconomic development status, and the demand for imported and exported goods, which is closely tied to the economic development of the hinterland,” said SIPG.
The concentration of the international shipping market will remain high, and the trends of vessel enlargement, operational alliances, digitalisation, intelligence, green transformation in shipping, and end-to-end logistics will continue. Liner companies are increasing mergers and acquisitions and expanding capacity to consolidate, which will have long-term and profound impacts on port development, the port company commented.
SIPG will continue to face multiple challenges and will persistently focus on main business operations in the coming days, and enhance the service capacity of its hub port, it said.
Source: Seatrade Maritime News