Wang Shenchao, the head of Shanghai Port Group, has released his annual report on statistics for 2018. In this report, he presents detailed analysis of the port's performance over the past year.
According to Wang, Shanghai Port Group achieved a total revenue of $77 billion in 2018, up from $69 billion in 2017. This represents a 10% increase in revenue and is a testament to the group's success in attracting new business and expanding its operations.
In terms of container traffic, Shanghai Port Group handled a record-breaking 50 million TEUs (twenty-foot equivalent units) in 2018, marking a 14% increase compared to 2017. This reflects the continued growth of trade between China and other countries around the world.
The report also highlights the group's efforts to improve efficiency and reduce costs. By investing in modern equipment and technologies, Shanghai Port Group was able to achieve a 3% reduction in operating expenses in 2018, despite an increase in revenue.
Overall, Wang's annual report provides a comprehensive overview of the port's progress in 2018. It shows that the group remains committed to delivering exceptional service and meeting the needs of its customers. As such, it is expected to continue to grow and thrive in the years ahead.