Zhonggu Logistics, China’s largest domestic liner operator, saw its net profit grow by 214% year-on-year to US$240 million in the first nine months of 2021.
While container demand along China’s inland waterways is healthy, Zhonggu said that the historically red-hot market has created an anomaly of domestic vessels being chartered out to fulfill demand from mainline operators. This has resulted in an additional revenue stream.
In April, Zhonggu sold four Panamax ships to mainline operators MSC and...
https://container-news.com/zhonggus-earnings-rocket-by-214-in-first-nine-months-of-2021/