Director General Zhu Tao of COSCO Shipping Port (01199.HK) stated that the sale of a 20% equity stake in the Tianjin business to Orient Overseas (00316.HK) will not affect the group's controlling stake in the Tianjin Container Terminal. He believes that Orient Overseas will help drive the coordination and international connections of the group's business and also contribute to the operational capacity of the Tianjin Terminal.

He also stated that the Red Sea crisis will last for a period of time, but China's throughput in the second half of the year is expected to continue its upward trend in the first half of the year, while Europe's annual throughput is also expected to rebound and grow by 4.5%.