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16 July 2019 The on-line newspaper devoted to the world of transports 06:04 GMT+2



March 28, 2019

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Original news
In the 2018 volume of transactions of COSCO Shipping Ports record of a billion of dollars is gone up to the quota

The exercise has been archived item with a profit clearly of 373,9 million dollars (- 32.2%)

In the 2018 revenues of group COSCO Shipping Ports, terminalista society of shipowning group Chinese COSCO Shipping Holdings, is piled to 1,00 billion dollars, a quota never reached previously from the company and that it represents an increment of +57.6% on the exercise anniversary 2017 that is determined mainly by the effect of the acquired societies recently, in particular of the Noatum Spanish and the Zeebrugge Belgian Terminal(on 12 June and 28 September 11 2017 and May 2018), with the volumes of transactions produced from the two societies that are included in the perimeter of consolidation of COSCO Shipping Ports to leave respective from the November and December 2017. In entire the 2018 revenues generated from the Spanish society they have been pairs to 292,1 million dollars (in the budget the 2017 of the Chinese group data era of 44,6 million) and those generated from the Belgian society to 17,6 million dollars (1,3 million in 2017). The Chinese company has announced among other things that the revenues recorded last year from the Piraeus Container Terminal of the port of the Pireo have totaled 230,8 million dollars (+26.0%).

In the 2018 operating profit of the COSCO Shipping Ports, to root cause of the effect of the extraordinary proceeds for 284,0 million dollars enrolled in the budget of the exercise precedence, it is dropped of the -52,9% being itself attested to 213,2 million dollars. The profit clearly has been of 373,9 million dollars (- 32.2%).

We remember that last year the harbour terminals of the Chinese group have enlivened a containerized trade pairs to beyond 98 million teu, with an increase of +11.5%(on 15 January 2019).

In the last trimester last year the revenues are piled to 251,9 million dollars, with an increment of +23.9% on the same period of 2017. The operating profit has been of 49,2 million dollars (+58.5%) and the profit clearly of 88,9 million dollars (+28.4%).


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Vincenzo Miele



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