Independent journal on economy and transport policy
12:23 GMT+1
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In the 2013 fleet of portacontainer of Chinese COSCON it has transported 8,7 million teu (+8.5%)
the medium hire in dollars/teu is dropped of -8,8%. COSCO lowers has closed the year with a net loss from next the running activities to 300 million dollars
March 28, 2014
It lowers COSCO, the society of the Chinese shipowning group Lowers Ocean Shipping (Group) Co. (COSCO) to which the services of line, the terminalistici services and of chartering are under responsibility container and the activities of marine bulk transport operated sand banks of the group respective from the branches COSCON, COSCO Pacific and China COSCO Bulk Shipping (Group) Co., have archived item 2013 with a net loss of the activities currents of -1,81 billion yuan (294 million dollars) respect to a net loss of the activities currents of -9,11 billion dollars in the exercise anniversary precedence. In May 2013 China COSCO has tightened an agreement in order to yield branch logistic COSCO Logistics to group leader COSCO and in May next COSCO Pacific has agreed the cession, also it to group leader COSCO, of its participation of 21.8% in the constructor of container CIMC. In budget 2013 of these operating activities Lower COSCO dismesse have produced to a profit of clearly 4,69 billion yuan respect to a profit of clearly 973 million yuan in 2012. Included the profits of discontinued operations the clearly recorded result from COSCO in 2013 Lowers is of positive sign for 2,88 billion yuan respect to a sign result negative for 8,14 billion yuan in the year precedence.
The economic account riclassificato 2013 of Lowers COSCO anticipates revenues for 66,14 billion yuan, down of -3,1% regarding the 68,27 billion one yuan in 2012. The operating costs are dropped of -7,1% to the 67,03 billion one yuan. The operating result has been of sign negative for -1,30 billion yuan respect to operating liabilities of -8,12 billion yuan in 2012.
Last year in the single segment of the containerized marine transport the society integrally controlled COSCO Container Lines (COSCON) has produced revenues for 48,31 billion yuan, with a bending of the -0,6% regarding 2012. In the 2013 fleet of portacontainer of the Chinese company it has transported cargo volumes pairs to 8,7 million container teu, with a progression of +8.5% regarding the year precedence. The medium hire for teu has turned out pairs to 4.481, 9 yuan, with a decrement of the -10,4% on 2012 (in dollars medium hire 2013 has been pairs to 723 $/teu, down of the -8,8%).
Last year COSCON has taken in delivery 14 new portacontenitori ships for a total ability pairs to 96.074 teu and on 31 December the consistency of the fleet of the company is gone up to 173 portacontainer for an ability total pairs to 786,252 teu, with an increment of +8.6% regarding on December 31, 2012 (with the exclusion of 15 ships of the ability total of 91.894 teu dates rental). In 2013 China COSCO it has not ordered the new construction portacontainer and the remaining pocketbook orders of the group includes four ships for a total ability to 53.400 teu.
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It lowers COSCO, the society of the Chinese shipowning group Lowers Ocean Shipping (Group) Co. (COSCO) to which the services of line, the terminalistici services and of chartering are under responsibility container and the activities of marine bulk transport operated sand banks of the group respective from the branches COSCON, COSCO Pacific and China COSCO Bulk Shipping (Group) Co., have archived item 2013 with a net loss of the activities currents of -1,81 billion yuan (294 million dollars) respect to a net loss of the activities currents of -9,11 billion dollars in the exercise anniversary precedence. In May 2013 China COSCO has tightened an agreement in order to yield branch logistic COSCO Logistics to group leader COSCO and in May next COSCO Pacific has agreed the cession, also it to group leader COSCO, of its participation of 21.8% in the constructor of container CIMC. In budget 2013 of these operating activities Lower COSCO dismesse have produced to a profit of clearly 4,69 billion yuan respect to a profit of clearly 973 million yuan in 2012. Included the profits of discontinued operations the clearly recorded result from COSCO in 2013 Lowers is of positive sign for 2,88 billion yuan respect to a sign result negative for 8,14 billion yuan in the year precedence.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
