September 19th, 2008
Tianjin Port
Chinese port operator Tianjin Port Development Holdings reported a first half net profit of US$18 million which is a 19% year-on-year increase.
Revenue rose 8.6% to $79.8 million.
Tianjin Port, which handles both container and bulk cargo, bought a 40% stake in a Tianjin container terminal in July last year.
The company became the largest shareholder of Alliance International Container Terminal, which has four berths with a designed capacity of 1.7 million TEUs.
Source: CargoNews Asia
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