Shanghai International Port (Group)<600018> expects its container handling volume to reach 29 million TEUs this year, according to Chen Xuyuan, president of the Shanghai-based port operator.
Shanghai International Port's container throughput reached 28 million TEUs last year, representing a year-on-year increase of 7%. Its operating revenue and net profit rose to RMB 18.53 billion and RMB 4.62 billion in 2008, up 13.8% and 26.9% from a year ago respectively.
The president noted the company's key mission of this year is to integrate its resources and step up efforts in the coordinated operation at major ports in the Yangtze River region.
The company also decided to postpone its plan to buy 40% stake of a container terminal in Zeebrugge, Belgium from A.P. Moeller-Maersk Group.
Shanghai International Port's container throughput reached 28 million TEUs last year, representing a year-on-year increase of 7%. Its operating revenue and net profit rose to RMB 18.53 billion and RMB 4.62 billion in 2008, up 13.8% and 26.9% from a year ago respectively.
The president noted the company's key mission of this year is to integrate its resources and step up efforts in the coordinated operation at major ports in the Yangtze River region.
The company also decided to postpone its plan to buy 40% stake of a container terminal in Zeebrugge, Belgium from A.P. Moeller-Maersk Group.