Independent journal on economy and transport policy
08:16 GMT+1
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COSCO lowers reduces the losses
The first three months of the 2013 have been archived item with liabilities clearly of about 275 million dollars
April 29, 2013
In the first trimester of this year the shipowning group Lowers COSCO has recorded a net loss of 1,7 billion yuan (275 million dollars) on revenues for 15,2 billion yuan respect to a net loss of 2,4 billion yuan on revenues for 15,7 billion yuan in the first three months of 2012. The operating result has been of sign negative for 1,6 billion yuan respect to operating liabilities of 1,8 billion yuan in the first trimester last year.
In the single segment of the containerized transport, in which COSCO Lowers work through the society integrally controlled COSCO Container Lines (COSCON), the activity of marine transport has generated revenues for 9,2 billion yuan, in increase of 14.3% regarding the first trimester of 2012. In the first three months of the 2013 fleet of COSCON container has transported cargo volumes 1.938.879 pairs to teu, with a progression of 10.9% on the same period last year.
In the first trimester of this year the fleet that is under responsibility of Lowers COSCO Bulk Shipping (Group) Co., the society integrally controlled from Lowers COSCO that takes care of marine bulk transport sand banks, has transported 55,9 million tons of cargos, with an increment of 0.6% on the first trimester of 2012.
In the main segments of activity COSCO Logistics, the society of logistics integrally controlled from Lowers COSCO, has archived item the first three months of 2013 with a total of 30 thousand tons of goods sent for aerial way (+30.9%), 57,6 million tons of bulk sent for marine way (+10.2%) and 562,431 container teu sent for marine way (+2.2%).
The group Lowers COSCO work also in the terminalistico field through a participation of 42.7% in COSCO Pacific, society that in the first trimester of 2013 has enlivened a containerized trade pairs to 14 million teu (+10.7%) ( on 26 April 2013).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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In the first trimester of this year the shipowning group Lowers COSCO has recorded a net loss of 1,7 billion yuan (275 million dollars) on revenues for 15,2 billion yuan respect to a net loss of 2,4 billion yuan on revenues for 15,7 billion yuan in the first three months of 2012. The operating result has been of sign negative for 1,6 billion yuan respect to operating liabilities of 1,8 billion yuan in the first trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
