In increase the semiannual profit of Lowers COSCO, while that drops of Lowers Shipping Lines Container



Waiting for knowing if the fusion between COSCO and Shipping Lowers will succeed, a wait that can be said is extended by now from 15 years since in 2000, only little more two-year-old from the foundation of China Shipping, the two main Chinese shipowning groups had set up negotiations with such objective ( on 3 March 2000), and in attended also to verify if the consolidation will regard only the activities of containerized marine transport of the two groups or other segments of business, today they are profitable famous the semiannual economic results of Lowers COSCO and of Shipping Lowers Container Lines (CSCL). By 10th August the quotations in Stock exchange of the shares of the two societies relative communications to an important operation are suspended in sight of they, that is the possible fusion.

COSCO lowers, through through which the shipowning group Ocean Shipping (Group) Co Lowers. (COSCO) controls own operating societies, has recorded an improvement of the results, prodottosi mainly in according to trimester of this year. The budget of first semester 2015 of the society clearly shows a profit of 2,55 billion yuan (398 million dollars), with an increment of +52.6% on the first half of 2014. The profit for the shareholders is piled to 1,90 billion yuan respect to a loss pairs to -2,28 billion yuan in the first six months last year. The piled revenues have instead totaled a bending of the -7,9% being to 29,93 billion yuan. The operating result has been of positive sign for 2,87 billion yuan respect to a result of sign negative for -830 million yuan in the first semester of 2014.

In bending, instead, the economic result clearly of CSCL, the company that work the services of line of the group Lowers Shipping, that has archived item the first half of 2015 with a profit of clearly 19 million yuan, down of -95,7% regarding the 445 million one yuan in the same period of 2014. Also CSCL has recorded an sensitive contraction of the revenues, than they have been attested 15,99 billion to yuan (- 8.1%). The operating profit has been pairs to 216 million yuan (- 65.2%).

In the first six months of this year the CSCL fleet has transported containerized cargos for a total pairs almost four million teu (+1.0%), while the fleet of portacontainer of group COSCO, that Container Lines (COSCON is operated by company COSCO), has transported 4,8 million teu (+6.8%).