Shanghai International Port (Group) Co , China's biggest port operator, said on Monday that its first-quarter earnings fell 27.85 percent to 733.9 million yuan ($107.5 million).
The operator of the world's busiest port gave no reason for the earnings decline. It said in its full-year earnings report for 2008 released early this month that 2009 would be one of the most difficult years for international shipping and that its core container business had been hit by the global financial crisis.
A Shanghai Port executive also said on April 13 that the company had postponed its purchase of a stake in a Belgium terminal from A.P. Moeller-Maersk Group and expected slower container throughput growth this year with a slowdown in global trade.
The operator of the world's busiest port gave no reason for the earnings decline. It said in its full-year earnings report for 2008 released early this month that 2009 would be one of the most difficult years for international shipping and that its core container business had been hit by the global financial crisis.
A Shanghai Port executive also said on April 13 that the company had postponed its purchase of a stake in a Belgium terminal from A.P. Moeller-Maersk Group and expected slower container throughput growth this year with a slowdown in global trade.