Specializing in International Freight Forwarding, by way of ocean, air, rail and truck freight-RISINGSUN

Shanghai still top box port, up 3.5pc to 36.54 million TEU, but profit off 4pc

Time：2016-01-13 Browse：210 Author：RISINGSUN

THE Port of Shanghai has posted a 3.5 per cent year-on-year increase in 2015 container volume to 36.54 million TEU, again claiming the title as the world`s busiest box port.

While Singapore has not posted its 2015 throughput, it has reported volumes of 28.41 million TEU for the first 11 months, making it unlikely, if not impossible, to beat Shanghai.

Thus, Shanghai International Port (Group) Co (SIPG) has retained the number one spot. In December, Shanghai moved 3.07 million TEU, a year-on-year increase of 5.9 per cent.

SIPG also posted a four per cent year on year net profit of decline of CNY6.5 billion (US$988.7 million) in 2015, against a profit of CNY6.77 billion the year before. But revenue was up 2.5 per cent year on year to CNY29.5 billion.