Independent journal on economy and transport policy
20:52 GMT+1
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In the first three months of the 2014 fleet of Chinese COSCON it has transported 2,08 million container (+7.2%)
the relative revenues have grown of +1.8%. COSCO lowers has reduced the liabilities clearly
April 30, 2014
In the first trimester of this year COSCO, holding Lowers of investments of the Chinese shipowning group Lowers Ocean Shipping (Group) Co. (COSCO), has recorded a net loss of -1,62 billion yuan (264 million dollars) respect to a net loss of -1,71 billion yuan in the period January-March of 2013. The revenues are piled to 14,21 billion yuan, with a decrease of -6,8% regarding the 15,24 billion one yuan in the first three months last year. The operating result has been of sign negative for -597 million yuan respect to operating liabilities of -1,58 billion yuan in the first trimester of 2013.
In the first three months of the 2014 fleet of portacontainer of the COSCO Container Lines (COSCON), society integrally controlled from Lowers COSCO, has transported cargo volumes pairs to 2,08 million container teu, with a progression of +7.2% regarding the same period last year. The revenues deriving from such activity and those correlated have been attested 10,01 billion to yuan (+1.8%). Al 31 last March the COSCON fleet was constituted by 179 portacontenitori for a total ability pairs to 843.705 teu. The company in existence has ulterior orders for eight ships of the ability total of 87.050 teu.
In the first trimester of this year in the segment of the bulk transport sand banks, in which COSCO Lowers work through the society integrally controlled ChinaCosco Bulk, the fleet has transported 42,0 million tons of cargos, with a bending of the -24,8% regarding the correspondent period of 2013.
COSCO lowers is present also in the terminalistico field through the participation of 42.7% in COSCO Pacific, society whose terminals in the first trimester of this year have enlivened 15,4 million container teu, with an increase of +9.2% on the first three months of 2013 ( on 28 April 2014).
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In the first trimester of this year COSCO, holding Lowers of investments of the Chinese shipowning group Lowers Ocean Shipping (Group) Co. (COSCO), has recorded a net loss of -1,62 billion yuan (264 million dollars) respect to a net loss of -1,71 billion yuan in the period January-March of 2013. The revenues are piled to 14,21 billion yuan, with a decrease of -6,8% regarding the 15,24 billion one yuan in the first three months last year. The operating result has been of sign negative for -597 million yuan respect to operating liabilities of -1,58 billion yuan in the first trimester of 2013.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
