Independent journal on economy and transport policy
13:21 GMT+1
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COSCO lowers reduces the liabilities
In the period July-september of this year the fleet of portacontainer of the COSCON has transported 2,1 million container (+13.4%)
October 31, 2012
In the third trimester of this year China COSCO Holdings Co., holding of shipowning group Chinese COSCO, has achieved a net loss of 1,5 billion yuan (243 million dollars) respect to a net loss of 2,1 billion yuan in the correspondent period of 2011. The revenues are increased of 4.5% to 19,1 billion yuan and the operating result has been negative for 1,2 billion yuan respect to a result negative for 1,8 billion yuan in the third trimester last year.
In the period July-september of this year the fleet of portacontainer of the COSCO Container Lines (COSCON), company integrally controlled from Lowers COSCO, has transported cargo volumes pairs to 2,1 million container teu, with a progression of 13.4% on the same period of 2011. On the transpacifiche routes +7.4% are transported 464 thousand teu (), on that Mediterranean Asia-Europe/494 thousand teu (+18.5%), on the routes intra-Asians 497 thousand teu (+8.4%), on the Chinese national routes 564 thousand teu (+12.5%) and on broken remaining, included those ocean-going liners, 127 thousand teu (+52.0%). The revenues generated from the activity of the fleet of portacontainer are piled to 11,5 billion yuan (+26.5%).
In the first nine months of 2012 China COSCO it has recorded a net loss of 6,4 billion yuan and operating liabilities of 4,3 billion yuan on revenues for 53,7 billion yuan respect to a net loss of 4,8 billion yuan and operating liabilities of 2,2 billion yuan on revenues for 52,5 billion yuan in the period January-september last year.
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In the third trimester of this year China COSCO Holdings Co., holding of shipowning group Chinese COSCO, has achieved a net loss of 1,5 billion yuan (243 million dollars) respect to a net loss of 2,1 billion yuan in the correspondent period of 2011. The revenues are increased of 4.5% to 19,1 billion yuan and the operating result has been negative for 1,2 billion yuan respect to a result negative for 1,8 billion yuan in the third trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
