Independent journal on economy and transport policy
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China COSCO reduces the losses
In the first three months of the 2015 fleet of 2.344.629 COSCON has transported container (+12.8%) recording a decrease of the -0,4% of the medium revenue for teu
April 30, 2015
China COSCO, the holding ones of shipowning group Chinese COSCO, has archived item the first trimester of this year with a net loss of -729 million yuan (119 million dollars), with an improvement of +55.2% respect to a net loss of -1.625 million yuan in the first three months of 2014. The revenues are piled to 14.835 million yuan (+4.4%). The operating result has been of sign negative for -360 million yuan, in increase of +39.8% respect to operating liabilities of -597 million yuan in the period January-March last year.
In the first three months of the 2015 COSCO Container Lines (COSCON), society integrally controlled from Lowers COSCO, has recorded revenues for 11.679 million yuan (+16.6%). In the period the fleet of portacontainer of the company has transported cargo volumes 2.344.629 pairs to container teu, with a progression of +12.8% regarding the correspondent period last year. The medium revenue for transported container has been pairs to 4.415 yuan (- 0.4%). Al 31 past March the fleet of the COSCON was constituted by 183 portacontenitori ships for a total ability pairs to 891.496 teu. Currently COSCO Lowers has in course orders for the construction of 10 ships that will elevate the ability to the fleet of ulterior COSCON of 117,960 teu within 2018.
In the first trimester of this year the fleet of Lowers COSCO Bulk, society integrally controlled from Lowers COSCO that takes care of the solid bulk transport with a fleet that to 31 past March was formed by 221 to rinfusiere for an ability total pairs to 21,1 million gross capacities in tons, has transported volumes of cargo pairs to 39.456.789 tons, with a bending of the -6,1% regarding approximately 42 million tons in the same period of 2014. The group has in course orders for the construction of others 40 portarinfuse for an ability pairs to beyond 3,4 million tpl.
China COSCO stops moreover a participation of 44.54% in COSCO Pacific, society that manages container terminal and activity of chartering of container and that in the first three months of 2015 it has recorded revenues for 194,8 million dollars and it has enlivened a traffic of the container pairs to 16,5 million teu( 16 the28of and April 2015).
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China COSCO, the holding ones of shipowning group Chinese COSCO, has archived item the first trimester of this year with a net loss of -729 million yuan (119 million dollars), with an improvement of +55.2% respect to a net loss of -1.625 million yuan in the first three months of 2014. The revenues are piled to 14.835 million yuan (+4.4%). The operating result has been of sign negative for -360 million yuan, in increase of +39.8% respect to operating liabilities of -597 million yuan in the period January-March last year.
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- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
