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15 November 2018 The on-line newspaper devoted to the world of transports 21:52 GMT+1



October 31, 2018

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Original news
Shipowning group COSCO records an increase of the quarterly results supported from the new acquisitions

In the third trimester of the 2018 fleet of portacontainer it has transported 6,7 million teu (+43.8%), of which 5,0 million teu (+7.3%) from the sun ships of COSCO Shipping Lines

In the third trimester of this year the economic results of the COSCO Shipping Holdings have still shown the effects deriving from the recent acquisitions carried out from the Chinese shipowning group between which, mainly, that of group OOIL of Hong Kong and its company of navigation Orient Overseas Container Linens (OOCL) that it has placed side by side to brand COSCO Shipping Lines in Core business of the containerized marine transport, acquisition that has happened last summer with inclusion of the OOIL in the perimeter of consolidation of the COSCO Shipping happened Holdings on July 1°, 2018(on 10 July 2017). Moreover important to the effects of the economic performances of the Chinese group they have been also the recent acquisitions in the terminalistico segment of the Noatum Spanish Terminal and the Zeebrugge Belgian Terminals, happened in the last trimester of 2017(on 12 June and September 11 2017).

In the third trimester of this year the revenues of group COSCO Shipping Holdings have recorded an increment of +53.6% having attested to 37,05 billion yuan (5,3 billion dollars) regarding 24,13 billion yuan in the period July-september of 2017. The operating costs have marked an increase of piled +56.6% having been to 37,26 billion yuan. The operating profit has turned out pairs to 599,6 million yuan (- 31.2%) and the profit to clearly 1,36 billion yuan (+16.8%).

In the third trimester of the 2018 fleet of portacontainer that the Chinese group is under responsibility of it has transported cargo volumes pairs to beyond 6,7 million teu (+43.8%), of which 2,0 million teu on the routes intra-Asians enclosed Australia and excluded Chinese national routes (+78.9%), 1,7 million teu on the routes in China (- 1.7%), 1,2 million teu on transpacifiche routes (+70.6%), 1,2 million teu on those between Asia and Mediterranean Europe/(+58.4%) and 625 thousand teu on the other enclosed routes those ocean-going liners (+69.3%).

In the period July-september of the 2018 revenues generated from the activity of containerized marine transport pairs to altogether 33,17 billion yuan (+59.1% have been), of which 10,4 billion relative to transpacifici transports (+72.3%), 8,1 billion to those intra-asiati us (+84.2%), 7,1 billion to transports Asia-Europa/Med (+46.9%), 3,0 billion to the transports in China (+13.4%) and 4,5 billion to other markets (+56.7%).

In the period July-september of this year the ships of single company COSCO Shipping Lines have transported containerized volumes pairs to 5,0 million teu (+7.3%), of which 1,7 million teu transported from the services in China (- 1.7%), 1,2 million teu from the services intra-asiati us and with Australia (+10.8%), 849 thousand teu from the services Asia-Europa/Med (+14.1%), 715 thousand teu from the transpacifiche lines (- 0.4%) and 516 thousand teu transported on the other enclosed routes ocean-going liners (+39.8%).

The revenues produced from the single activity of the fleet of COSCO Shipping Lines are piled to 22,6 billion yuan (+8.5%), of which 6,0 billion relative to transpacifici traffics (- 0.9%), 5,1 billion to that Asia-Europa/Med (+4.3%), 4,9 billion to the services intra-asiati us (+11.8%), 3,0 billion to the services in China (+13.4%) and 3,6 billion to other services (+25.7%).

Al 30 last September the fleet of portacontainer of the Chinese group was constituted by a total of 498 ships for an ability of cargo pairs to 2,8 million teu. Moreover the Chinese company has in order 13 portacontenitori new for an ability total of 234 thousand teu.

In the third trimester of this year the harbour terminals that are under responsibility of group COSCO Shipping Holdings and that they are operated through the COSCO Shipping Ports have enlivened a traffic of the container pairs to 25,8 million teu (+11.8%) (inforMARE on October 15, 2018), since it is to clearly of great part of the containerized trade enlivened from the Qingdao Port International Co., of which COSCO Shipping Ports stop 18.41% of the capital. Gross Al of such traffic the total enlivened in the third trimester of 2018 turns out pairs to 30,8 million teu (+11.0%).

In the first nine months of the 2018 fleet of portacontainer of group COSCO Shipping Holdings it has transported totally 16,0 million teu, with a progression of +22.4% on the period January-september last year, of which 4,9 million teu transported in China (+4.6%), 4,3 million teu from the services intra-asiati us and with Australia (+37.9%), 2,7 million teu from the services Asia-Europa/Med (+17.3%), 2,7 million teu from transpacifici services (+28.3%) and 1,4 million teu from the other enclosed services those ocean-going liners (+60.8%).

The fleet of the single COSCO Shipping Lines has transported 14,3 million teu (+9.3%), of which 4,9 million in China (+4.6%), 3,5 million on the routes intra-Asians/Australia (+13.5%), 2,3 million on the routes Asia-Europa/Med (+2.9%), 2,2 million on transpacifiche routes (+3.9%) and 1,3 million on other routes (+48.6%).

In the first name months of the 2018 revenues recorded from group COSCO Shipping Holdings pairs to 82,13 billion yuan (+21.5% have been), of which 78,1 billion yuan generated from the activity of containerized marine transport and from activities correlated (+20.0%) and 4,9 billion yuan from the terminalistiche activities and correlated activity (+66.4%). In the segment of the container excluding the effect of the acquisition of the OOIL the revenues turn out pairs to 66,2 billion yuan (+1.7%). In the segment of the terminals excluding the effect of the acquisitions of Noatum Terminal and Zeebrugge Terminal the revenues turn out pairs to 3,4 billion yuan (+15.4%).

In the first nine months of this year the single revenues produced from the activity of the fleet of portacontainer of the group have been attested 71,64 billion to yuan (+24.1%), of which 21,3 billion deriving from transpacifici services (+28.0%), 16,7 billion from those intra-asiati us (+39.8%), 15,5 billion from the services Asia-Europa/Med (+6.7%), 8,5 billion from the services in China (+9.3%) and 9,6 billion yuan from the other enclosed services those ocean-going liners (+41.2%). The single fleet operated from COSCO Shipping Lines has totaled revenues pairs to 61,09 billion yuan (+5.8%), of which 16,9 billion generated from transpacifici traffics (+1.4%), 13,5 billion from those intra-asiati us (+13.2%), 13,5 billion from the services Asia-Europa/Med (- 7.6%), 8,5 billion from the services in China (+9.3%) and 8,7% billion from other services (+28.0%).

COSCO Shipping Holdings has archived item the first nine months of 2018 with an operating profit of 1,56 billion yuan (- 65.7%) and a profit of clearly 2,13 billion yuan (- 53.4%).




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