Port of Tianjin exceeds 20 million TEU in 2021

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The Chinese port of Tianjin handled a total of 20.20 million TEU in 2021, registering an increase of 10.1% in container volumes over the previous year.

Total cargo throughput in the port also saw a rise of 5% year-on-year in 2021, totalling 442 million tonnes, according to Tianjin Port Development Holdings' data.

During the same period, Tianjin Port's revenue surpassed US$2.2 million (HK$17.37 million), which translates to an increase of more than 12% compared to 2020, mainly attributed to cargo handling operations.

In addition, gross profit increased by 14.1% year-on-year, to US$488,800 (HK$3.83 million), while profit attributable to shareholders was US$117 million (HK$923 million), representing a growth of over 45% compared with the previous year.

Meanwhile, the Chinese port's basic earnings per share reached US$1.9 (HK$15) cents, and proposed final dividend was US$0.76 (HK$5.99) cents per share, with a dividend payout ratio of 40%.

The Port of Tianjin achieved this performance despite challenges such as the Covid-19 pandemic, intensified geopolitical conflicts, and inflation risks, inducing disturbances and port congestion, as well as "uncertainties to global economic recoveries."

Author:Vivi Dara

Link: https://container-news.com/port-of-tianjin-exceeds-20-million-teu-in-2021/

Source: Container News

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