Zhonggu Logistics, China’s largest domestic liner operator, said that 2021 first half net profit rocketed 343% year-on-year to US$170.43 million as tight shipping capacity continued to put upward pressure on freight rates.
Revenue went up 26% to US$867.49 million, of which inland water transportation contributed 80%; the rest came from land-based services.
Zhonggu, the 16th largest liner operator, stated that cargo volumes were up 9% in 1H 2021, to 6.2 million TEU.
During the first six months of...
https://container-news.com/zhonggu-profit-skyrockets-by-343-in-the-first-half/