Independent journal on economy and transport policy
07:33 GMT+1
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In the fourth quarter of 2019, the COSCO Group's container fleet carried more than 6.6 million teu(15.1%)
Net profit increased by 643.8%
March 30, 2020
In particular, the revenues generated by trans-Pacific services, which over the period, they carried volumes of containerized cargo equal to 1.15 million teu (-3.4%), stood at 10.34 billion yuan (-8.9%), those produced by Asia-Europe services, which have transported 1.24 million teu (up 7.2%), 7.37 billion yan (6.3%), those totalled by intra-Asian services (excluding 2.12 million teu (up 7.8%), 9.37 million billion yuan (up 13.9%), revenues from other services group, which carried 614,000 teu 5.07 billion yuan, or 9.1%, while revenues from Chinese national services, which carried 1.50 million teu (up 79.3%, a strong increase which is as a result acquisition of the OOCL shipping company), 3.46 billion yuan, or 4.8%. In the fourth quarter of the 2019 the only containerized volumes carried by COSCO Shipping Lines, which is the main shipping company of the 24.63 million teu (up 4.2%).
COSCO Shipping Holdings closed the last quarter of last year with an operating profit of 3.10 billion yuan (-9.8%) and with a net profit of 6.67 billion yuan, or 643.8%.
In the full year 2019, the Chinese shipping group 150.54 billion yuan, up from 150.54 billion yuan 25.1% on 2018, of which 144.80 billion were generated by the containerized shipping (up 26.2%) and 5.74 billion group's terminal activities (4.3%). Profit operating income was 7.22 billion yuan, or 44.5 percent, and profit 10.19 billion yuan, or 236.9%. Last year the fleet group's container ship carried 25.74 million teu 18.1%).
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In particular, the revenues generated by trans-Pacific services, which over the period, they carried volumes of containerized cargo equal to 1.15 million teu (-3.4%), stood at 10.34 billion yuan (-8.9%), those produced by Asia-Europe services, which have transported 1.24 million teu (up 7.2%), 7.37 billion yan (6.3%), those totalled by intra-Asian services (excluding 2.12 million teu (up 7.8%), 9.37 million billion yuan (up 13.9%), revenues from other services group, which carried 614,000 teu 5.07 billion yuan, or 9.1%, while revenues from Chinese national services, which carried 1.50 million teu (up 79.3%, a strong increase which is as a result acquisition of the OOCL shipping company), 3.46 billion yuan, or 4.8%. In the fourth quarter of the 2019 the only containerized volumes carried by COSCO Shipping Lines, which is the main shipping company of the 24.63 million teu (up 4.2%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
