Independent journal on economy and transport policy
12:37 GMT+1
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Hard accentuation of the semiannual net loss of China COSCO
In the first semester of this year the revenues of the Chinese group are increased of 1.3%
August 30, 2012
COSCO, operating branch of the shipowning group Chinese COSCO that work in the field of the marine transport of container, bulk and in the logistic section through the societies integrally controlled COSCON, Lower COSCO Bulk and COSCO Logistics and in the terminalistico field and of the chartering of container lowers through the participation of 42.7% in the COSCO Pacific, has archived item the first semester of 2012 with a remarkable accentuation of the net loss that is piled to 4,12 billion yuan (650 million dollars) regarding 1,79 billion yuan in the first half last year.
The revenues are increased of 1.3% attesting itself the 42,56 billion one to yuan and the operating result has been negative for 3,68 billion yuan respect to a result negative for 2,69 billion yuan in the first six months of 2011. The revenues generated from the activity of containerized transport have grown of 15.2% to 22,64 billion yuan, those totaled from the activity of bulk transport are diminished of 34.0% to 7,74 billion yuan, while the logistic field has produced revenues for 9,44 billion yuan (+13.7%), the terminalistico field for 1,12 billion yuan (+40.6%) and the field of the chartering container for 636 million yuan (+43.7%).
In the first half of the 2012 fleet of portacontainer of the COSCON container has transported cargo volumes 3.781.535 pairs to teu, with a progression of 16.7% on the same period of 2011.
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COSCO, operating branch of the shipowning group Chinese COSCO that work in the field of the marine transport of container, bulk and in the logistic section through the societies integrally controlled COSCON, Lower COSCO Bulk and COSCO Logistics and in the terminalistico field and of the chartering of container lowers through the participation of 42.7% in the COSCO Pacific, has archived item the first semester of 2012 with a remarkable accentuation of the net loss that is piled to 4,12 billion yuan (650 million dollars) regarding 1,79 billion yuan in the first half last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
