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28 May 2018 The on-line newspaper devoted to the world of transports 03:26 GMT+2

August 23, 2017

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Sinotrans, increase of the shipment volumes and the economic results

Agreement with the group Lowers Merchants in order to buy the logistic society Lowers Merchants Logistics Holdings Co.

In the first semester of the 2017 Sinotrans, one of the main logistic groups and trasportistici Chineses, has increased the enlivened shipment volumes and has recorded an increase of the economic results. In the first six months of this year the marine shipments enlivened by the group have been pairs to 5,35 million container teu, with a progression of +6.5% on the first half of 2016. In rise also the air shipment volume that has been pairs to 255 thousand tons (+12.3%). The containerized trade enlivened from the branch of marine agency of the group pairs to 8,57 million teu (+5.6% have been), while the bulk traffic has totaled 136,6 million tons (+13.7%).

In the first semester of this year the revenues of the group are piled to 27,61 billion yuan (4,1 billion dollars), with an increase of +27.4% regarding 21,68 billion yuan in the same period of 2016. In the single segment of marine and aerial shipments the revenues have been attested 20,53 billion to yuan (+29.1%), while in the field of the logistics pairs to 4,46 billion yuan (+16.5% have been) and in that of the terminalistici services and of storage pairs to 1,12 billion yuan (+20.6% have been).

In the first half of the 2017 Sinotrans has recorded an operating profit of 1,17 billion yuan (+34.3%) and a profit of clearly 1,28 billion yuan (+7.2%).

While Sinotrans has tightened an agreement with the Chinese public group Lowers Merchants in order to acquire the entire share capital of the logistic society Lowers Merchants Logistics Holdings Co., that it has center to Shenzhen, for total 5,45 billion yuan (818 million dollars). The Network of China Merchants Logistics Holdings Co. it covers beyond 150 cities in China. The society manages warehouses for a total of approximately 3,26 million square metres and has a fleet of 37.500 means cooled for the perishable cargo transport. Moreover the company is present in Australia, Thailand, Indonesia, Malaysia, Vietnam, Myanmar, Hong Kong, New Zeland, Filippine and Singapore.

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