Independent journal on economy and transport policy
07:43 GMT+1
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In the third trimester of this year the fleet of the COSCON has transported 4,5 million container
COSCO lowers has closed the period with a net loss attributable to the shareholders of -2,0 billion yuan and CSCL with a profit of clearly 215 million yuan
October 31, 2016
In the third trimester of this year the fleet of portacontainer of China COSCO, society that work the activities of containerized marine transport of the Chinese shipowning group Lowers COSCO Shipping Corporation (COSCOCS) through the society integrally controlled COSCO Shipping Lines (COSCON), has transported cargo volumes pairs almost 4,5 million teu, with a progression of +79.2% regarding the correspondent period of 2015. It is necessary to remember that from 1°th March COSCON the fleet of portacontainer of China Shipping Container Lines (CSLC), company has increased the activity in the segment of the container taking rental that - in the within of the fusion of Chinese groups COSCO and Shipping Lowers - the activities of containerized marine transport to the COSCON have yielded maintaining the property of the fleet and successively changing own corporate name in COSCO Shipping Development Co.
COSCO lowers, than besides the entire capital of the COSCO it stops also 34.9% of the capital of the COSCO Shipping Ports, the terminalista society of group COSCOCS, has closed the third trimester of 2016 with a net loss attributable to the shareholders of -2,0 billion yuan (296 million dollars) respect to a net loss of -1,7 billion yuan in the correspondent period last year. The revenues, mainly as a result of the acquisition of the activities of the CSCL, is increased of +33.9% to 18,9 billion yuan. The operating result has been of sign negative and pairs to -1,7 billion yuan respect to a sign result negative for -1,3 billion yuan in the period July-september last year.
In the first nine months of the 2016 fleet of the COSCON it has transported altogether containerized cargo volumes pairs to 8,1 million teu, in increase of +46.7% on the period January-september last year.
CSCL has archived item the third trimester of this year with a profit of clearly 215 million yuan on revenues pairs to 3,5 billion yuan respect to a net loss of 1,0 billion yuan on revenues pairs to 7,9 billion yuan in the period July-september of 2015. The operating result has been of sign negative for -11 million yuan respect to a result of sign negative for -1,0 billion yuan in the third trimester of 2015.
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In the third trimester of this year the fleet of portacontainer of China COSCO, society that work the activities of containerized marine transport of the Chinese shipowning group Lowers COSCO Shipping Corporation (COSCOCS) through the society integrally controlled COSCO Shipping Lines (COSCON), has transported cargo volumes pairs almost 4,5 million teu, with a progression of +79.2% regarding the correspondent period of 2015. It is necessary to remember that from 1°th March COSCON the fleet of portacontainer of China Shipping Container Lines (CSLC), company has increased the activity in the segment of the container taking rental that - in the within of the fusion of Chinese groups COSCO and Shipping Lowers - the activities of containerized marine transport to the COSCON have yielded maintaining the property of the fleet and successively changing own corporate name in COSCO Shipping Development Co.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
