COSCO SHIPPING Ports Announces Surge In Revenues and Profits Due to Container Throughput Increase

COSCO SHIPPING Ports Limited, the world’s leading ports operator, announced third quarter results of the Company and its subsidiaries (the “Group”) for the three months ended 30 September 2018. 2018 Third Quarter Results Highlight – Revenue surged by 62.6% to US$253.0 million – Gross profit increased by 33.5% to US$75.8 million – Net profit rose
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BEIJING: The naming ceremony for COSCO SHIPPING NEBULA, another 21,000 TEU ULCS of COSCO SHIPPING, was held at the terminal of Jiangnan Shipyard (Group) Co., Ltd on October 23. The Chairman and Party Secretary of COSCO SHIPPING Capt. Xu Lirong, Executive Vice President and Chief Financial Officer of COSCO SHIPPING Sun Yunfei, Executive Vice President
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Mediterranean Shipping Co. (MSC) has announced its new cooperation with CMA CGM and COSCO on the IMED service, to give the trade a fast and direct service between the Indian Subcontinent, Turkey and East Mediterranean ports. The IMED service will be operated with 7 vessels of 9,000 TEUs capacity, of which MSC will provide 5
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Cocso Shipping (1199) predicts that the trade war between the United State and China will have only a limited impact on the company. Vice president Zhang Wei said Cosco has changed its business strategies from focusing on China and Hong Kong to the worldwide market to diversity risk. The company has been tendering for projects
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COSCO Shipping Ports (CSP) reported container volumes of 8.7 million TEUs in August 2018, up 12 per cent year-on-year. One of the key reasons was the strong growth at its northern China ports, with box throughput at its terminals in the Bohai Rim region rising 22 per cent to 1.8 million TEUs, reports said. The
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SHANGHAI: The inauguration ceremony and promotion meeting of COSCO SHIPPING FURUNO Navigation Technology (Shanghai) Co., Ltd. was held at the COSCO SHIPPING headquarters in Shanghai on the afternoon of September 10. The company was a joint venture of COSCO SHIPPING’s subsidiary COSCO SHIPPING Technology Co., Ltd. (CS Tech), Furuno Electric Co., Ltd. (FURUNO) and Heisei
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HONG KONG: Cosco Shipping Ports (CSP) has set its sights on making Greece’s largest port Piraeus the number one container handling port in the Mediterranean within 18 months. Presently it is third. Under its Greek subsidiary, Piraeus Container Terminal (PCT), the Greek Port has become Cosco’s outstanding overseas performer in less than two years, receiving
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China’s COSCO Shipping Holdings Co Ltd on Thursday said first-half profits fell 97.8 percent as it grappled with higher costs and a slide in freight rates. China’s largest shipping group, which has bought a Hong Kong peer to become the world’s third-largest container liner, said January-June net profit was 40.8 million yuan ($6 million), down
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BEIJING: COSCO SHIPPING SCORPIO, a 20,000 TEU containership built by Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) for COSCO SHIPPING Container Lines was named and delivered on August 20th. Chairman and Party Secretary of COSCO SHIPPING Capt. Xu Lirong, Deputy Mayor of Dalian Mr. Jin Guowei, Member of the National Committee of CPPCC Mr.
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HONG KONG: The merger of Orient Overseas (International) Limited and COSCO Shipping Holdings offers ‘tremendous opportunities’ for both businesses, especially when it comes to combining strengths in the duo’s liner sectors, outgoing Chairman of OOIL, C C Tung, said commenting on the deal. COSCO and Shanghai International Port (Group) concluded the acquisition of OOIL’s shares
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