COSCO Shipping Holdings has closed 2016 with a heavy net loss pairs to about -1,3 billion dollars



COSCO Shipping Holdings Co. (former COSCO Lowers), the holding financial institution that stops the entire property of the activities of the Chinese shipowning group Lowers COSCO Shipping Corporation in the field of the containerized marine transport and 47% about of the capital of terminalista society COSCO Shipping Ports, 1,3 billion dollars have concluded the exercise anniversary 2016 with an important net loss of -9,10 billion yuan () respect to a profit clearly rectified of 2,21 billion yuan in the exercise precedence. The adjustment of the value of the result of exercise 2015 essentially holds account of the effect of the cession for 4,87 billion yuan of the entire share capital of China COSCO Bulk Shipping (Group) Co. to completed group COSCO on March 15, 2016 and of the cession for 1,22 billion yuan by the participated COSCO Shipping Ports of the entire share capital of the Florens Holdings Container capacity to term on March 24, 2016.

Last year the revenues of the activities currents of the COSCO Shipping Holdings are piled to 69,83 billion yuan, with an increment of +26.6% regarding 55,1 billion yuan in 2015. The operating result has been of sign negative and pairs to -5,04 billion yuan respect to an operating profit rectified of 1,73 billion yuan in the exercise precedence.

In the single segment of the containerized marine transport the revenues have been attested 66,57 billion to yuan, in increase of +27.9% on 2015. The sensitive increase is effect of the fusion of the activities of shipowning groups COSCO and Lowers Shipping that has been capacity to term at the beginning last year and that it has created a group with a fleet of portacontainer that on 31 December was constituted by 312 ships for a total cargo ability pairs to 1.648.800 teu ( on 18 February 2016).

In the 2016 fleet of portacontainer of the group it has transported cargo volumes pairs to 16.902.800 teu, with an increment of +54.4% on the year precedence. The medium revenue for transported container teu has been pairs to 4.141, 02 yuan, down of the -11,93% on 2015. The medium revenue in the single national traffics has been pairs to 1.581, 15 yuan/teu (+2.93%). On the sun broken national Chineses +74.1% are transported altogether almost 5,2 million teu (), while on the other Asian routes, included Australia, they are transported beyond 4,4 million teu (+29.4%). The volumes transported from the ships of the group on the transpacifiche routes have been pairs to 2,5 million teu (+39.1%), those transported from the services Mediterranean Asia-Europe/to 3,6 million teu (+85.9%) and those transported on the routes the remaining ocean-going liners and from services to 1,2 million teu (+46.5%).

Last year the revenues generated from the terminalistiche activities that are under responsibility of COSCO Shipping Holdings have been pairs to 3,76 billion yuan (+7.7%). The single revenues generated from the activities of the group in the Greek port of the Pireo through the Piraeus branch Container Terminal (PCT) are piled to 1,17 billion yuan (+18.7%). Last year the harbour terminals of the group have enlivened a containerized trade pairs to beyond 90 million teu, with a progression of +5.1% on 2015 ( on 18 January 2017).

The Chinese group has announced today that in the first two months of the 2017 in the segment of the containerized marine transport revenue for transported unit he has turned out advanced of +10.6% regarding the correspondent period last year and that the transported volumes have grown of +70.1%, while in the field of the harbour terminals the enlivened volumes of traffic are increased of +6.4%.