Shanghai Port
Shanghai International Port, China’s biggest port operator, said that its unaudited net profit in 2008 rose 27% from 2007.
But its statement also showed that its business missed its 2008 targets, probably because of the global financial crisis and the consequent slowing economy in China. But you could still argue that Shanghai was still either the world’s busiest port, or, possibly, second with Singapore in the lead, in 2007.
Its container throughput rose 7.15 to 28 million TEUs. Total handled cargo reached 369 million tonnes, up from 353 million tonnes in 2007.
Shanghai Port had said last March that it hoped to achieve a rise in container traffic to 30 million TEUs in 2008 and in total cargo throughput to 385 million tonnes.
Source: CargoNews Asia