Independent journal on economy and transport policy
06:51 GMT+2
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CSCL previews to close exercise 2013 with a net loss of -2,63 billion yuan
In the year precedence a profit of clearly 525 million yuan was recorded
January 29, 2014
Past monday the company of Chinese navigation Lowers Shipping Container Lines (CSCL) has launch a profit warning announcing that it previews to record the exercise anniversary 2013 with a net loss pairs to about -2,63 billion yuan (- 431 million dollars).
"This wait loss by the society for the finished year on December 31, 2013 - it has explained the company - is attributable mainly to the ulterior effects of the crisis total financial institution, to the slow resumption of the world-wide economy, to the development unbalanced and which did not synchronize of the main economic systems, to the increase of the imbalance between supply and demand in the market of the containerized transport and to lasting of the low level of the hires in the transport container. In front of difficult economic situations the society tackles reasonably and actively to the challenges and insists on the attention to the efficiency and - it has specified CSCL - it has taken the initiative to promote the increase of the hires modifying own operating flexibility. However, because of the insufficient volume of marine transport determined from the serious imbalance between supply and demand in the market of the international containerized marine transport, the society previews to record a loss in the finished exercise on December 31, 2013".
CSCL had closed exercise 2012 with a profit of clearly 525 million yuan.
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Past monday the company of Chinese navigation Lowers Shipping Container Lines (CSCL) has launch a profit warning announcing that it previews to record the exercise anniversary 2013 with a net loss pairs to about -2,63 billion yuan (- 431 million dollars).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
