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30 May 2020 The on-line newspaper devoted to the world of transports 23:46 GMT+2



April 30, 2020

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Original news
In the first quarter of the group's operating profit and net profit COSCO recorded declines of -34.2% and -38.3%

The fleet of container carriers carried 5.61 million teu (-4.7%)

In the first quarter of this year, the group's revenues Chinese owner COSCO Shipping Holdings amounted to 36.1 billion yuan (5.1 billion U.S. dollars), an increase in 2.9% on the corresponding period in 2019, of which 34.8 billion yuan generated by maritime transport activities group's containerized (4.2%) including 23.5 billion yuan produced by the navigation company's activities alone COSCO Shipping Lines (2.6%) and nearly 1.6 billion yuan from cosCO Shipping Ports (-8.3%).

The group's operating costs were 32.8 billion yuan(up 5.6%), of which 32.0 billion related to the containerized shipping (5.8%) including a supply of 22.0 billion from COSCO Shipping Lines (up 4.3%) 1.2 billion from COSCO Shipping Ports (2.2%).

COSCO Shipping Holdings ended the first quarter of 2020 840.2 million yuan and net profit 674.2 million yuan, down -34.2%, respectively 38.3% on the same period last year.

In the first three months of this year, the container fleet of the group carried a total of 5.61 load volumes million teu (-4.7%), of which 4.01 million teu transported by COSCO Shipping Lines (-6.3%). On routes only Asian-Asian countries, including those with Australia, have been 1.83 million teu (-0.6%) including 1.14 million teu COSCO Shipping Lines (up 1.9%). On routes between Asia and Europe/Mediterranean 1.13 million teu (-0.5%), with 801,000 teu transported by COSCO Shipping Lines (-1,4%). The group's trans-Pacific containerized services 1.02 million teu (-4.3%), of which 566 thousand teu COSCO Shipping Lines (-8.7%). On domestic routes Chinese ships, which are served only by COSCO Shipping Lines ships, 1.05 million teu (-16.4%) were transported. On the other world routes, including transatlantic routes, volumes transported 578 thousand teu (-1.4%), of which 451 thousand teu COSCO Shipping Lines (-3.9%).

Intra-Asian services and Australia generated revenues 9.16 billion yuan, or 18.5%, of which 5.71 billion yuan generated by COSCO Shipping Lines (21.0%). Revenues generated by lines between Asia and Europe/Mediterranean totaled 7.39 billion yuan ( .4.2%), including 5.19 billion yuan by COSCO Shipping Lines (2.8%). Trans-Pacific services recorded revenues of 8.99 billion yuan (-2.1%), including 5.08 billion yuan COSCO Shipping Lines (-6.1%). China's national services have 2.47 billion yuan (-7.1%), of which 2.49 billion yuan COSCO Shipping Lines (-6.8%). Other scheduled services group's global worlds, including transatlantic ones, have produced revenues of 4.70 billion yuan, or 9.7%, of which 3.72 billion yuan COSCO Shipping Lines (11.5%).




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