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18 February 2019 The on-line newspaper devoted to the world of transports 11:09 GMT+1

January 30, 2018

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COSCO Shipping Develoment previews to close 2017 with a profit for the shareholders at least 205 million dollars

The result would turn out in increase of beyond +252% on 2016

A communication of positive profit is yesterday circulated by the COSCO Shipping Develoment Co., the society participated to 39.02% from the shipowning group Chinese COSCO Shipping that previously was called Lowers Shipping Container Lines (CSCL), name that is changed as a result of the fusion of shipowning groups COSCO and Lowers Shipping that has determined a transformation of the activity of the CSCL that has abandoned the activity of containerized marine transport in order to become - as COSCO Shipping Development - a society of chartering of portacontainer and of container with a fleet that on 30 June was constituted by 96 ships for a total cargo ability pairs to 712 thousand teu (of which 74 ships of property for an ability to 582 thousand teu).

COSCO Shipping Develoment previews to close the exercise anniversary 2017 with a profit attributable to the shareholders at least 1,3 billion yuan (205 million dollars), with a not inferior increment to +252% regarding the profit for the shareholders of 368,6 million dollars recorded in 2016. The profit clearly previewed attributable to the shareholders advance deduction of profits or extraordinary losses is at least 1,25 billion yuan (198 million dollars) respect to a turned out correspondent of 1,64 billion yuan in 2016.

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