First quarterly 2016 of the Chineses Lower COSCO and CSCL shows a strong deterioration of the economic results



Today the Chinese shipowning group Lowers COSCO has introduced a relative economic account riclassificato to the first trimester of the 2016 that anticipates a net loss of -4,37 billion yuan (674 million dollars), in decided worsening respect to a net loss of -673 million yuan in the first three months of 2015. The revenues are piled to 14,61 billion yen, down of the -19,6% regarding the first trimester last year, and the operating result has been of sign negative for -4,07 billion yuan respect to a result of sign negative for -303 million yuan in the first three months of 2015.

In the first three months of this year the fleet of portacontainer of the Chinese group, operated through the COSCO Container Lines (COSCON) has transported cargo volumes pairs to beyond 3,0 million container teu, with a progression of +14.8% on the correspondent period of 2015. On the Asia-Europe routes/Mediterranean +32.8% are transported 648 thousand teu (), on those transpacifiche 462 thousand teu (+2.9%), on the Chinese national routes 800 thousand teu (+14.8%), on the routes intra-Asians (included Australia) 879 thousand teu (+6.7%) and in the other markets, included that ocean-going liner, 234 thousand teu (+33.1%).

Such activity of marine transport has generated revenues for 10,01 billion yuan (- 9.0%), of which 2,42 billion relatively to the Asia-Europe services/Mediterranean (- 7.2%), 3,37 billion to transpacifici services (- 18.8%), 1,43 billion to Chinese national services (+15.3%), 2,07 billion to the services intra-asiati us and with Australia (- 6.8%) and 721 million yuan in the other markets enclosed ocean-going liner (- 7.3%).

Also the other main Chinese company shipowning of the field of the line transport, China Shipping Container Lines (CSCL), has communicated today the data of the economic account riclassificato of first trimester 2016 that show revenues pairs to 5,39 billion yuan, down of the -41,5% on the first trimester of 2015. The operating result has been of sign negative for -813 million yuan respect to an operating profit of 739 million yuan in the first three months last year. Of sign negative also the economic result clearly, that it has been pairs to -842 million yuan respect to a profit of clearly 720 million yuan in the first three months of 2015.