Subscribe to RSS feedShanghai unlikely to meet teu target
China's biggest port operator, Shanghai International Port Group, has conceded it may not reach its target of 29m teu this calendar year, writes Hui Ching-hoo.
Shanghai box trade fall
Shanghai ranks second to the port of Singapore on the list of the world's largest container ports.
Monthly throughput dropped 10% to under 2.2m teu in March on the back of a 15% slide in January and February.
The group's net profit fell almost 28% to Yuan733.8m (US$107m) in the first quarter.
The group's president, Chen Xuyuan, has not indicated whether the throughput target will be revised down.
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