COSCO Shipping Holdings has closed the first trimester of 2017 with a profit clearly of about 69 million dollars



Chinese COSCO Shipping Holdings Co., holding financial institution that stops 100% of the property of the activities in the segment of the containerized marine transport of shipowning group Chinese COSCO Shipping and property of 44% about of the capital of terminalista society COSCO Shipping Ports, has closed the first trimester of this year with a profit clearly consolidated of 479 million yuan (69 million dollars) respect to a consolidated net loss of -4,34 billion yuan in the first three months of 2016. Draft of the first clearly quarterly result of positive sign after four archived item consecutive trimesters in loss, trimesters - those precedence to first of this year - whose turned out they are however the difficultly comparable to those achieved in the first trimester of the 2017 date the numerous ones and ollowing cessions and acquisitions of activity realized from the group as a result of the fusion between shipowning societies Chinese COSCO and at the beginning Lower happened Shipping of 2016.

In the first three months of this year the revenues have turned out pairs to 20,10 billion yuan, with an increment of +48.1% on the same period of 2016. In the single segment of the containerized marine transport and the activities the revenues correlated are piled to 19,3 billion yuan (+68.2%). The operating costs have been attested 18,56 billion to yuan (+34.8%), of which 18,1 billion yuan in the single field of containerized transport (+54.4%).

The operating result has been of positive sign and pairs to 425 million yuan respect to an operating result of sign negative for -4,03 billion yuan in the first trimester last year.

In the first trimester of the 2017 fleet of portacontainer of the COSCO Shipping, than on 31 March it was constituted by 327 ships for a total cargo ability pairs to 1,7 million teu, has transported cargo volumes pairs almost 4,7 million teu, with a progression of +53.9% regarding 3,0 million teu in the first three months last year. On the sun broken transpacifiche +53.4% are transported 709 thousand teu (), on Mediterranean the Asia-Europe routes/beyond 1,0 million teu (+60.0%), on Chinese national routes 1,3 million teu (+62.4%), on the other routes intra-Asians, included Australia, than more 1,2 million teu (+41.5%) and on the other routes, included those ocean-going liners, 364 thousand teu (+55.5%).

We remember that in the first three months of this year the managed harbour terminals from COSCO Shipping Ports have enlivened a traffic of the container pairs to 23,9 million teu, with an increment of +7.5% on the correspondent period of 2016 ( on 19 April 2017).