the COSCO-PSA terminal Terminal to Singapore will be equipped of a third dock in order to receive the mega one portacontainer



COSCO-PSA Terminal (MIGRANT DETENTION CENTRE), joint venture participated to 49% from terminalista group Chinese COSCO Pacific and to 51% from terminalista group PSA of Singapore that manages the container terminal Pasir Panjang constituted from two docks of the port of Singapore, has announced the decision to invest in the realization of a new dock in a position to receiving the largest portacontainer of the next generation putting into effect phases 3 and 4 of the project of construction of the Pasir Panjang Terminals (PPT). The new dock will become operating the next year.

In the 2015 COSCO-PSA Terminal it has enlivened a traffic of containers pairs to 1.526.328 teu, with a progression of +16.4% regarding 1.311.747 teu in the year precedence.

While COSCO Pacific has concluded the exercise anniversary 2015 with revenues pairs to 798,1 million dollars, with a decrease of the -8,3% regarding the exercise precedence that - it has specified the terminalista group - is determined mainly by depreciation of the euro and the yuan regarding the dollar. The single revenues generated from the terminalistiche activities are piled to 486,8 million dollars (- 5.8%). In order to evidence the impact of monetary changes, COSCO Pacific it has explained that the revenues recorded from the branch Greek Piraeus Container Terminal (PSA), that it is active in the port of the Pireo and that last year has shown unchanged operating performances regarding the year precedence, has totaled an increment of +4.2% of the revenues in euro, while the equivalent in dollars, that it is pairs to 156,1 million, turns out inferior of the -12,5% regarding 178,5 million dollars recorded in 2014.

The revenues produced last year from the activities of chartering and commercialization of the container operated by the Chinese group have generated revenues pairs to 315,7 million dollars, with a decrease of the -11,6% on 2014. COSCO Pacific has explained that the decrease is determined by the important bending of the -55,3% of the sold number of container and by the decrease of the -15,2% of the average price of given back sale of the container to the group to conclusion of periods of chartering, contractions that have generated a total reduction of the -62,1% of the revenues of the sale of container resumed in delivery from the group regarding 2014. To this the impact of the medium reduction of the -3,5% of the revenues generated from the charterings of the container of the fleet has been added.

Against such contraction of the volume of transactions, last year COSCO Pacific however has recorded analogous an operating result to that of 2014 being is pairs to 226,7 million dollars. Moreover the profit clearly has grown of +28.7% attesting itself to 402,7 million dollars and the profit attributable to the shareholders has been pairs to 381,6 million dollars (+30.4%). The rise of the economic performances is attributable mainly to the effect of the liquidation of billetings deriving from the cession of the participation pairs to 21.8% in the society of production of container CIMC ( on 21 May 2013). COSCO Pacific has specified that excluding the effect of such liquidation the profit for the shareholders turns out pairs to 302,5 million dollars, with an increase of +3.3% on 2014.

Last year the managed harbour terminals from COSCO Pacific have enlivened altogether a traffic of the container pairs to 68,7 miilioni of teu, with an increment of +2.0% on the year precedence.

The accentrazione of group COSCO Pacific on the single activity of management of harbour terminals, transformation is completed while last week that has happened in the picture of the fusion of shipowning societies Chinese COSCO and Lowers Shipping, that it has been capacity to term last month ( on 18 February 2016). On March 24, 2016, in fact, COSCO Pacific has concluded the cession of the Florens branch Holdings Container, that it is active in the field of the chartering of container, that has become of entire property of as expected Lowers Shipping from the plan of fusion with COSCO ( on 11 December 2015).