China Merchants Holdings (International) Company Limited, the country’s largest port operator, reported HKD 2.78 billion (USD 359m) net profit for the period ended June 30, 2015, an increase of 29.4% over the same period last year, due to increased container throughput in China, and a double-digit rise in number of containers handled at the company’s overseas terminals.
For the period under review, revenue generated from the company’s core ports operation amounted to HKD 10.75 billion, up 4.7% year-on-year.
Container throughput handled by the company’s ports during the first half of the year amounted to 41.35 million TEUs, up 5.3% year-on-year, amongst which the ports in Mainland China delivered container throughput of 30.36 million TEUs, or an increase of 5.0% year-on-year.
However, the operations in Hong Kong and Taiwan delivered an aggregate container throughput of 3.03 million TEUs, a decline of 18.7% over the same period last year.
Container throughput handled by the company’s overseas projects grew by 20.4% year-on-year to 7.95 million TEUs, as rapid business growth was seen at Colombo International Container Terminals Limited in Sri Lanka.
Bulk cargo volume handled by the company’s ports decreased by 3.9% year-on-year to 174 million tonnes, within which bulk cargo handled by the ports in Mainland China was 172 million tonnes, a decrease of 4.2% year-on-year. On the overseas front, Port de Djibouti S.A. delivered a bulk cargo volume of 2.41 million tonnes, or an increase of 31.8% as compared to the same period last year.
Looking ahead, the company expects the formation of mega shipping alliances to accelerate the consolidation of resources and intensify the inter-alliance competition, which in turn will affect the market order in the shipping space, and bring about both new challenges and opportunities to the port industry.
However, the company sees ample opportunities and room for further development that are derived from a series of national strategies and reforms launched by the Chinese government, such as the initiation of “One Belt, One Road” strategy, the establishment of “Free Trade Zones” and the introduction of State-Owned Enterprises Reforms.
Although the traditional peak season in the second half of this year is expected to support China’s export trade, China’s port industry would continue to be hampered as growth continued to slow owing to challenging external and domestic economic conditions.
However, with steady expansion in its overseas projects, the performance of the company’s port operations seen in the first half is expected to be sustained throughout the rest of the year.
Important Web Links
What are the main features of the Marlins Test?
Test users get the chance to practice each question type before they start the test and help information is available in 11 languages. A certificate of the user's result can be printed out at the end of the test.
The test is applicable to all grades of officers and ratings (including catering and hotel personnel) and focuses on the seafarers' understanding of English as opposed to their "seamanship" skills.
Who is the Test for?
The test is set withith the context of the oil and gas industry. However, it focuses on the ability to understand English as opposed to testing speacialised technical skills. It is suitable for all nationalities and positions regardless of whether they are based offshore or onshore.
The Marlins English Language Test is a online assessment tool, which tests Seafarers' understanding of both written and spoken (listening/ reading/ grammar and vocabulary) English.
Use of the Marlins English Language Test allows ship operators to demonstrate that seafarers, of whatever nationality and positions, have been assessed on their ability to communicate in English, a necessity that has been given additional emphasis by the ISM Code and the revised STCW Convention.
Marlins Approved Test Centre
PT SSR is a private owned company, founded in September 2011, by people who have a high passion to explore the values within the Crew Manning Industry and have started its steps to actively participate in the improvement of Indonesian Seafarer to be more professional, skillful and marketable.
In the first action, we have succesfully created a new Crewing System to eliminate the whole handicap's between Crew, Agents and Principals. The system name is same as our motto “Sophisticated, Steady and Reliable” and both the system and team has a sinergy to achieve SSR's goal to be one leading player within Shipping Industry.
We have no doubt as we are bringing our Corporate Culture “Integrity, Team Work and Achievement Orientation” to implement the best working performance to achieve Customer’s satisfaction. SSR's internal management system is built efficiently to support the company's activities and achieve the goals.