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28 November 2020 The on-line newspaper devoted to the world of transports 06:52 GMT+1

October 31, 2019

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In the third trimester of the 2019 fleet of portacontainer of Chinese COSCO Shipping it has transported 6,64 million container (+1.9%)

The period has been archived item with a profit clearly down of the -0,3% because of the reduction of public subsidies

In the third trimester of this year the revenues recorded from shipowning group Chinese COSCO Shipping Holdings Co. they are piled to 39,52 billion yuan (5,6 billion dollars), with an increment of +6.6% regarding the third trimester of 2018, period this last one that for the first time includes the contribution to the volume of transactions of the activity of the Orient Overseas (International) Ltd. (OOIL) of Hong Kong, society that work in the segment of the containerized marine transport with the company of navigation Orient Overseas Container Linens (OOCL) and that it has entered in the perimeter of consolidation of the COSCO Shipping with effect from on July 1°, 2018(on 16 July 2018).

In the period July-september of the 2019 single revenues generated from the activity of the fleet of portacontainer of the Chinese group pairs to 35,51 billion yuan (+7.1% have been). COSCO Shipping has closed the third trimester of this year with an operating profit of 1,56 billion yuan (+161.1%) and with a profit of clearly 1,36 billion yuan (- 0.3%). The reduction of the result clearly is attributable essentially to the decrease of 949,8 million euros of not operating proceeds caused from a decrease of the public subsidies, proceeds that are come down to 17,38 million yuan.

In the third trimester of the 2019 fleet of portacontenitori ships of the group it has transported cargo volumes pairs to altogether 6,64 million teu (+1.9%). On the sun broken transpacifiche +1.9% are transported 1,25 million teu () and such activity has produced to revenues pairs to 11,35 billion yuan (+9.2%). On Mediterranean the Asia-Europe routes/the transported volumes have been pairs to 1,26 million teu (+7.2%) with relative attested revenues to 7,43 billion yuan (+4.1%). The marine services intra-asiati us of the group have transported 2,01 million teu (+0.5%) totaling revenues for 8,69 billion yuan (+8.0%). The volumes transported on the Chinese national routes are piled to 1,48 million teu (- 0.3%) with revenues pairs to 3,14 billion yuan (+3.4%), while on the other international routes, included those ocean-going liners, pairs to 4,91 billion yuan (+8.2% are transported 637 thousand teu (+2.0%) for revenues).

In the third trimester of this year the sun ships operated from the COSCO Shipping Lines, that it is the main containerized company of the group and integrally is controlled by COSCO Shipping Holdings, has transported containerized cargos pairs to 4,86 million teu (+1.1%) with relative revenues that have totaled 24,15 billion yuan (+6.8%).

In the first nine months of the 2019 Chinese shipowning group it has recorded revenues pairs to 111,62 billion yuan, with an increment of +35.9% on the same period that is determined mainly by the contribution of the activity of acquired new OOIL. COSCO Shipping has specified that taking into consideration the revenues generated from the OOIL in the entire period of nine months of 2018, the increment of the volume of transactions of the COSCO Shipping in the period January-september of 2019 turns out of +8.9%. The single revenues generated from the activity of containerized marine transport of the group have been pairs to 106,86 billion yuan (+37.4%), of which 72,54 billion (+9.6%) produced from the single activity of the COSCO Shipping Lines, while the revenues produced from the terminalistiche activities of the group are piled to 6,77 billion yuan (+29.7%). The operating profit has turned out pairs to 4,12 billion yuan (+163.6%) and the profit to clearly 3,52 billion yuan (+65.5%).

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