Independent journal on economy and transport policy
16:53 GMT+1
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Profit warning of Lowers Shipping Development Co.
The company previews to record exercise 2013 with a net loss of about -344/377 million dollars
January 30, 2014
After the profit warning circulated from China Shipping Container Lines (CSCL), the company of Lowers Shipping (Group) Co. that one takes care of the activities of containerized marine transport of the shipowning group ( on 29 January 2014), another company of the Chinese group has informed that it will record turned out economic inferiors to the waits. The new communication of correction to the decrease of the esteem is emitted by China Shipping Development Co., the company to which is under responsibility the activities of marine gas and liquid and solid bulk transport of the group.
Shipping Development lowers has announced that it previews to record the exercise anniversary 2013 with a net loss comprised between -2,1 billion and -2,3 billion yuan (344-377 million dollars). The company has explained that "such loss in the clearly consolidated result of the group is due mainly to the weakness of the question and to the sovracapacità of marine transport is in the international market that national in the course of 2013, than in its turn has provoked the continuous decline of the market of shipping and the reduction of the hires. In spite of the unfavorable conditions of market - it has emphasized the Chinese company - the society has actively implemented effective measures and strengthened its control on the costs, and has reached remarkable progresses in particular in the control of the costs of the fuel and the repairs. However, date the continuous fluctuation on low levels of the market in the first three trimesters of 2013 and the billetings carried out from the society for losses of value of assets and passivity in 2013, the society previews to incur in losses of the specific entity".
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After the profit warning circulated from China Shipping Container Lines (CSCL), the company of Lowers Shipping (Group) Co. that one takes care of the activities of containerized marine transport of the shipowning group 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
