Throughput at Shanghai’s container terminals increased 4.4% to 42M TEU in 2018.
The 4.4% growth rate is down 4% on the 8.3% growth Shanghai posted in 2017, when it handled 40.2M TEU. Nevertheless, 4% growth on 40M TEU is very healthy, and Shanghai International Port Group (SIPG) had to find space for 1.8M more TEU in 2018.
In its brief comment on the result SIPG noted that in 2018 "the global economy continued to recover, [and] China’s import and export trade grew steadily". SIPG is focused on upgrading the service level and capacity at its Shanghai terminals, and continuing to "optimize the production organization and control level of the terminal."
It has now been nine years since Shanghai overtook Singapore as the largest container port by throughput in the world, and SIPG noted that its net profitability as a company has now exceeded US$1 billion for two consecutive years.