Shanghai International Port (Group) Co.Ltd(600018) responded to “severe congestion in Shanghai Port”: untrue, 24-hour normal operation

In April 2nd, Shanghai International Port (Group) Co.Ltd(600018) responded to the news of the serious congestion of Shanghai port in the official account of WeChat public.

In response to the relevant report that the number of ships waiting for loading and unloading in Shanghai port has soared to more than 300, Shanghai International Port (Group) Co.Ltd(600018) made it clear that the above untrue remarks and attached drawings have brought unnecessary concerns to customers and people in the industry, and said ” Shanghai International Port (Group) Co.Ltd(600018) strictly prevent the epidemic, the production and operation of the terminal is as usual, and there is no congestion of container ships”.

“According to the monitoring data, the average berthing time of container ships in Shanghai port has been significantly lower than that in Shanghai port since October 28, 2021, etc.” Shanghai International Port (Group) Co.Ltd(600018) in response, he stressed that at present, all production units in Hong Kong maintain normal operation for 24 hours except affected by extreme weather.

Shanghai International Port (Group) Co.Ltd(600018) further stated that affected by the current round of epidemic, some domestic and foreign trade enterprises encountered new difficulties and emergencies when arranging goods to enter and leave the port, Shanghai International Port (Group) Co.Ltd(600018) launched the emergency plan at the first time, overcame many pressures and difficulties, and made every effort to ensure the stability and smoothness of the supply chain and logistics chain.

Shanghai is one of the international shipping centers. According to the 2021 Xinhua Baltic International Shipping Center Development Index report, Shanghai ranked third in the comprehensive strength of global shipping center cities in 2021, second only to Singapore and London.

On July 8, 2021, the Shanghai municipal government officially issued the “14th five year plan” for the construction of Shanghai international shipping center, which pointed out that by 2025, Shanghai international shipping center should be built into a world-class international shipping center.

According to the information on the official website, Shanghai International Port (Group) Co.Ltd(600018) is the public terminal operator of Shanghai port. It was listed on the Shanghai Stock Exchange on October 26, 2006, becoming the first port joint-stock enterprise listed as a whole in China.

Shanghai International Port (Group) Co.Ltd(600018) main business is divided into four parts, namely: container terminal business, bulk cargo terminal business, port logistics business and port service business. In 2020, the container throughput of Shanghai port (the company’s home port) was 43.503 million TEU, ranking first in the world for the eleventh consecutive year. As of December 31, 2020, the total assets of the company were 155925 billion yuan, the net profit attributable to the parent company was 8.307 billion yuan, and the total market value of A-Shares was 105904 billion yuan. During the reporting period, the company’s social contribution value per share was 0.8497 yuan.

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