Independent journal on economy and transport policy
16:52 GMT+1
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Terminalista group PSA International has closed 2016 with a profit clearly down of -7,5%
Revenues in increase of +3.0%
March 23, 2017
Terminalista group PSA International of Singapore has archived item 2016, year in which the terminals of the company have enlivened a containerized trade pairs to beyond 67,6 million teu, with an increment of +5.5% on the year precedence ( on 12 January 2017), with revenues pairs to 3,68 billion dollars of Singapore (USA 2,6 billion dollars), with an increase of +3.0% regarding 3,57 billion dollars of Singapore in 2015. The operating profit is piled to 1,62 billion dollars of Singapore (- 5.4%) and the profit clearly to 1,17 billion dollars of Singapore, down of the -7,5% regarding 1,27 billion dollars of Singapore in 2015.
"2016 - the managing director of PSA International has commented, Tan Chong Meng - for the field of the ports and the marine transport have been a period of incessant tests and worries. Hit from a been extended period of slow down of the commercial exchanges, lasting of the low prices of the oil, of the excess of the ability to marine transport of line and of the depression of the hires - it has found Meng - the field has been confronted also with an activity of consolidation unprecedented put into effect through alliances and fusions between the main companies of navigation and, as a result of the cessation of the activity of one of the main carriers, with operating activities complicated from the necessity to do so as that the container arrived to the importers. Moreover - it has continued Meng - we have found as the application of the digital technologies has begun to catch on quickly in our field, introducing in some cases great opportunities in order to improve the operativity and the procedures and in other cases have been given reason of potential their worry shattering".
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