COSCO Shipping archivia the third trimester with an increase of the economic performances and the transported containerized volumes



Shipowning group Chinese COSCO Shipping Holdings, that it is constituted on February 18, 2016 with the fusion of the activities of containerized transport of the COSCO and China Shipping, has concluded the third trimester of this year with a profit of clearly 1,16 billion yuan (175 million dollars) respect to a net loss of -1,79 billion yuan in the period July-september of 2016. The revenues are piled to 24,13 billion yuan, with an increment of +27.1%, and the operating profit has attested to 871 million yuan respect to an operating result of sign negative for -1,67 billion yuan in the third trimester last year.

In the third trimester of the 2017 fleet of portacontainer of the group, than on 30 September total was constituted by 358 ships for a cargo ability pairs to beyond 1,8 million teu, has transported cargo volumes pairs almost 5,5 million teu (+23.0%). The single volume of traffic on the transpacifiche routes has been pairs to 775 thousand teu (+22.0%), that on the Asia-Europe routes to 928 thousand teu (- 6.2%), the traffic enlivened from the services intra-asiati us to 1,5 million teu (+32.2%), the traffic on the Chinese national routes to 1,7 million teu (+27.5%) and the volumes transported on the other international routes have been pairs to 534 thousand teu (+61.7%).

In the first nine months of this year the transported volumes have been pairs at less than 15,5 million teu, with an increase of +91.3% on the correspondent period of 2016. The increment turns out of +30.4% taking into consideration the volumes transported in 2016 from the activities that previously did not take part of group COSCO Shipping, essentially riconducibili to the activity of the navigation company Lowers Shipping Container Lines (CSCL), and that they are met to the action of the fusion with Shipping Lowers. On the sun broken transpacifiche +30.4% are transported almost 2,3 million teu (), on the routes Asia-Europe 3,0 million teu (+14.7%), on the routes intra-Asians almost 4,2 million teu (+29.3%), on Chinese national routes 4,7 million teu (+35.9%) and on other international routes than less 1,4 million teu (+60.4%).

In the first nine months of the 2017 revenues they have totaled 67,60 billion yuan, with a progression of +34.8% on the period January-september last year. The revenues generated from the activities of containerized marine transport and from the correlated activities have been pairs to 65,1 billion yuan (+40.4%). Operating result and result clearly have turned out both of positive sign and pairs respective to 4,57 billion and 4,57 billion yuan against results of sign negative and pairs to -7,91 billion and -8,54 billion yuan in the first nine months of 2016.

In the first nine months of this year the medium revenue for transported container teu from the fleet has turned out in increase of +13.52%.