Container handling volume of Shanghai International Port Group (SIPG) is expected to exceed 30 million TEU this year, including nine million TEU handled by the port operator in Yangshan port, said general manager of SIPG Chen Xuyuan.
During a promotion presentation for SIPG, Mr Chen said the company will commit itself to its major business, especially the container business. The goal of SIPG in 2010 is to handle 35 million TEU, including 15 million TEU handled in Yangshan, he added.
SIPG, the largest port operator in Shanghai, handles more than half of the cargo volume and all of the containers in Shanghai port.
Mr Chen said the company has been considering overseas IPO but there is no definite plan for this year.
This year SIPG will continue to boost growth of container throughput, further expand international market and improve operation efficiency, especially the efficiency of the newly established projects like Luojing second phase, he said.
The profit of SIPG's container business has been growing steadily at about 65 per cent in recent years and that of the bulk cargo business at about 50 per cent, together becoming major sources of the company's revenue and profit, Mr Chen said.
While keeping the steady growth of major business, SIPG will boost the growth of supporting business like the port logistics business, which grows at about 20 per cent yearly, he added.
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