On the evening of August 27, Ningbo Ocean Shipping Co., Ltd. (Stock Abbreviation: Ningbo Ocean Shipping, Stock Code: 601022), a leading comprehensive shipping company in China, released its 2025 semi-annual report. The announcement shows that in the first half of 2025, Ningbo Ocean Shipping achieved operating revenue of 2.928 billion yuan, a year-on-year increase of 19.85%; net profit attributable to the parent company was 378 million yuan, a year-on-year increase of 36.46%; and non-GAAP net profit was 342 million yuan, a year-on-year increase of 33.72%.
Strengthening Core Shipping Advantages and Enhancing Market Competitiveness
In the first half of 2025, Ningbo Ocean Shipping continued to strengthen its core shipping business advantages. Driven by the dual engines of “route network optimization + operational efficiency improvement,” it achieved a further leap in market competitiveness. It operated 41 routes, with weekly sailings exceeding 139, forming a transportation network covering 50 major ports at home and abroad.
In the container shipping business, Ningbo Ocean Shipping provides feeder, cross-ocean, domestic trade, and domestic feeder container shipping services. Among them, the feeder routes mainly include Japan, China Taiwan, Korea, and Southeast Asia lines, with a focus on improving and upgrading the Southeast Asia lines during the reporting period; the cross-ocean route is the Middle East line; domestic trade routes already cover regions including East China, South China, North China, and Northeast China. Furthermore, it undertakes domestic feeder services from the home port of Ningbo-Zhoushan Port to secondary ports, serving as an extension and supplement to trunk lines. It has basically built a T-shaped collection and distribution route network connecting the “Zhejiang coast, both sides of the Yangtze River, and the north-south coastline.” As of the first half of 2025, Ningbo Ocean Shipping completed a container throughput of 3.117 million TEUs, a year-on-year increase of 21.8%.
In the dry bulk shipping business, Ningbo Ocean Shipping mainly operates coal transportation from Qinhuangdao, Caofeidian, Jingtang, and Huanghua Port to Zhejiang, and iron ore transportation from Ningbo-Zhoushan Port along the Yangtze River. Since August 2024, its bulk shipping business has officially gone international, with the “overseas segment” service scope further optimized and improved. As of the first half of 2025, Ningbo Ocean Shipping completed a bulk cargo volume of 14.58 million tons, a year-on-year increase of 4.3%.
Adapting to Green and Low-Carbon Trends and Building an Efficient and Intelligent Fleet
As one of the largest container liner companies in Zhejiang Province, Ningbo Ocean Shipping’s fleet size has always been highly aligned with the development of route capacity demand. It operates a total of 108 vessels, forming a comprehensive fleet with a complementary gradient of container ships from 3,000 dwt to 58,000 dwt and maintaining a certain number of bulk carriers (10 vessels). The total capacity is 1.687 million deadweight tons / 94,000 TEUs. Calculated by deadweight tonnage, capacity increased by 12.0% year-on-year; calculated by TEU, capacity increased by 16.0% year-on-year.
As of the end of the reporting period, Ningbo Ocean Shipping ranked 3rd in terms of capacity among mainland container liner companies and 24th on the list of the world’s top 100 container liner companies by capacity. Its diverse ship types ensure flexible capacity supply, guaranteeing the efficiency and stability of flight schedules.
Notably, in the first half of this year, four 1000TEU open-top container ships of Ningbo Ocean Shipping were successfully delivered and put into operation; five vessels successfully completed conversion from domestic to international service and commenced operations; the construction of two 740TEU pure electric open-top container ships is progressing steadily as planned. This project has been successfully selected into the “Green and Low-Carbon Advanced Technology Demonstration Project List (Second Batch)” announced by the General Office of the National Development and Reform Commission.
In the first half of 2025, although the global economy continued in a new normal of low-speed growth, and the overall growth rate of the domestic and international shipping markets was under pressure, Ningbo Ocean Shipping actively grasped market dynamics. Based on its core shipping business, it continuously strengthened its market competitive advantages and successfully achieved simultaneous growth in revenue and net profit. In the future, Ningbo Ocean Shipping will continue to consolidate its core shipping business, adhere to the business layout of “trunk + feeder” services, advance on the dual tracks of “international + domestic” operations, and promote the synergistic development of “/container + shipping support” services. It will accelerate its progress towards the goal of becoming an “Asia-leading regional logistics service provider,” committed to providing customers with more valuable shipping services and injecting new momentum into the high-quality development of the industry.
