China Merchants performs strongly across the board

Recurrent profit at China Merchants Port Holdings (CMPort) shot up by 37.1% year-on-year to US$290m in the company’s half year results.

Container throughput grew by 8.9% to a record 50.2m teu because of the strong performance of Chinese import and export trade, while domestic demand experienced restorative growth.

CMPort’s facilities in mainland China contributed 37.9m teu of this figure, an increase of 9.9%, while throughput at ports in Hong Kong and Taiwan grew by 21% to 3.75m teu.