Shanghai International Port Group (SIPG) saw its revenue in the first half of 2022 grow 15.7 percent to 20.1 billion yuan (US$2.9 billion) while its net profit hit a record-high 10.8 billion yuan.
SIPG said that despite the pandemic and the Russia-Ukraine conflict damaging the shipping industry worldwide, the cargo handling capacity of all company ports reached 225 million TEUs, the highest in the world.
