Independent journal on economy and transport policy
06:45 GMT+1
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the cession of the participation in CIMC allows with COSCO Pacific to close the first semester with a consisting profit
In the period the volume of transactions of the group has grown of 7.6%
August 27, 2013
Chinese group COSCO Pacific, that the shipowning group is under responsibility of Lowers Ocean Shipping (Group) Co. (COSCO), has closed the first semester of 2013 with a profit clearly of 568,6 million dollars, with an increment of 204.2% regarding 186,9 million dollars in the first half last year. The result of this year includes the proceeds for 393,4 million dollars deriving from the cession by the COSCO Pacific to group leader COSCO of the participation of 21.8% in the container producer intermodal Lowers International Marine Containers (Group) Co. (CIMC) ( on 21 May 2013). The profit clearly of the first half of 2013 with exclusion of the generated results of the activities dismesse is piled to 152,2 million dollars, down of the -3,2% regarding 157,1 million dollars in the first six months of 2012. The revenues are increased of 7.6% attesting itself to 395,2 million dollars, of which 217,1 million generated from the activities of the harbour terminals of the group and 180,2 million from the activities of chartering and sale of the container. The operating costs have grown of 10.1% to 222,2 million dollars and the operating profit has recorded an increment of 8.8% to 137,0 million dollars.
In the first six months of the 2013 harbour terminal of COSCO Pacific they have enlivened a containerized trade pairs to 29,5 million teu, with a progression of 9.7% on the first semester last year. In the first seven months of the 2013 traffic it has been pairs to 34,9 million teu, with an increase of 10.4% on the January-July period of 2012.
In the second solo trimester of the 2013 COSCO Pacific has totaled a profit clearly of 500,9 million dollars (+369.5% on according to trimester 2012) on revenues for 204.1 million dollars (+5.6%). The operating costs are piled to 109,7 million dollars (+5.6%) and the operating profit to 78,1 million dollars (+13.4%). In the period April-june of this year the terminals of the group have enlivened a traffic of the container pairs to 15,3 million teu (+8.8%).
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Chinese group COSCO Pacific, that the shipowning group is under responsibility of Lowers Ocean Shipping (Group) Co. (COSCO), has closed the first semester of 2013 with a profit clearly of 568,6 million dollars, with an increment of 204.2% regarding 186,9 million dollars in the first half last year. The result of this year includes the proceeds for 393,4 million dollars deriving from the cession by the COSCO Pacific to group leader COSCO of the participation of 21.8% in the container producer intermodal Lowers International Marine Containers (Group) Co. (CIMC) 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
