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18 August 2019 The on-line newspaper devoted to the world of transports 17:18 GMT+2



April 29, 2019

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Original news
Increase of the quarterly results of shipowning group COSCO on the wake of the acquisition of OOIL

In the first three months of the 2019 portacontainer of the Chinese society they have transported 5,88 million teu (+42.6%)

In the first trimester of this year the revenues of shipowning group COSCO Shipping Holdings are increased of +60.0% attesting to 35,07 billion yuan (5,2 billion dollars) regarding 21,92 billion yuan in the first three months of 2018. The important increase is effect of the acquisition of the Orient Overseas (International) Ltd. (OOIL), than work marine services of containerized transport with the brand Orient Overseas Container Linens (OOCL), purchase that is carried to term on July 24, 2018(on 16 July 2018). The revenues generated from the single services of containerized marine transport acts from COSCO Shipping Holdings with the society integrally controlled COSCO Shipping Lines and with the OOCL, of which it stops 75% of the capital, are piled to 33,45 billion yuan (+62.4%), while the revenues generated from the terminalistiche activities of the group, operated through the COSCO Shipping Ports of which it stops 47.1% of the capital, have been attested 2,14 billion to yuan (+39.6%).

In the first trimester of the 2019 total costs of group COSCO Shipping Holdings pairs to 34,66 billion yuan (+59.3% have recorded an analogous increase to that of the revenues having been are). The profit operating has been of 1,28 billion yuan (+107.2%) and the profit of clearly 1,09 billion yuan (+120.4%).

In the first three months of this year the fleet of portacontainer of the Chinese group, that it is constituted by 478 ships, has transported 5,88 million teu, with an increment of +42.6% that is effect of the acquisition of the OOCL and other modifications in the segment of activities of the containerized transport taken part inside of the group. Such activity of transport has generated revenues pairs to 31,05 billion yuan (+67.7%). On the sun broken transpacifiche +52.1% are transported 1,06 million teu (), activity that has produced to revenues pairs to 9,19 billion yuan (+74.6%); on Mediterranean the Asia-Europe routes/the transported volumes have been pairs to 1,14 million teu (+55.7%) and the revenues to 7,11 billion yuan (+70.9%); the services intra-asiati us and with Australia have transported 1,84 million teu (+71.0%) and the relative revenues have totaled 7,80 billion yuan (+89.8%); the volumes transported on the Chinese national routes are piled to 1,25 million teu (+1.4%) and the revenues to 2,67 billion yuan (+8.1%); the containers transported in the other world-wide regions, included the traffics ocean-going liners, have attested to 586 thousand teu (+53.4%) and the relative revenues to 4,29 billion yuan (+70.5%).

In the first three months of this year the single fleet operated from COSCO Shipping Lines has transported cargos in container pairs to 4,28 million teu (+3.7%), activity that has generated revenues pairs to 21,20 billion yuan (+14.5%).

In the first trimester of the 2019 harbour terminal that is under responsibility of COSCO Shipping Holdings they have enlivened a containerized trade pairs to 30,62 million teu (+12.6%).


Evergreen Line
Vincenzo Miele



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