Independent journal on economy and transport policy
08:16 GMT+1
This page has been automatically translated by Original news
COSCO Shipping Ports has closed 2016 with a profit clearly of 276,0 million dollars (- 39.3%)
the revenues are piled to 556,4 million dollars (+1.1%)
March 28, 2017
COSCO Shipping Ports, the terminalistica division of the Chinese shipowning group Lowers COSCO Shipping that has been born beyond a year makes from the fusion of groups COSCO and Lowers Shipping ( on 18 February 2016), it has archived item 2016 with revenues clearly pairs to 556,4 million dollars, with an increment of +1.1% regarding 550,2 million dollars in the exercise anniversary precedence, figure – this last one – to activity, mainly in the field of the chartering and the sale of container, that they are recorded as discontinued operations as a result of the fusion between COSCO and Lowers Shipping. Gross Al of such operations and other asset precedence the fusion, the revenues totaled in the 2016 turns out down of the -30,3% regarding those of 2015.
The budget of 2016 shows moreover an operating profit of 94,6 million dollars, down of the -34,5% regarding 144,4 million dollars in the exercise precedence (to clearly of the discontinued operations), and a profit clearly of 276,0 million dollars (- 39.3%).
Last year the container terminal of COSCO Shipping Ports has enlivened a traffic of the container pairs to 95,1 million teu, with an increment of +5.1% regarding 2015; moreover the bulk traffic enlivened from the terminals of the group has been pairs to 80,8 million tons (+3.0%) ( on 18 January 2017).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
COSCO Shipping Ports, the terminalistica division of the Chinese shipowning group Lowers COSCO Shipping that has been born beyond a year makes from the fusion of groups COSCO and Lowers Shipping 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
