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24 November 2017 The on-line newspaper devoted to the world of transports 02:57 GMT+1



August 28, 2017

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COSCO Shipping International (Hong Kong) Co. it clearly records an improvement of the economic results

In the first semester of this year the revenues of the Chinese company have grown of +49.1%

COSCO Shipping International (Hong Kong) Co., society that constitutes the platform of group COSCO Shipping is for the buying and selling activities of ships is for the activities in the branch of the naval assurances and of the supplies of naval equipment and replacement parts of the Chinese shipowning group and that it takes care also of the production and sale of naval varnishes and bunker, it has closed the first semester of this year with an sensitive improvement of the economic results.

the revenues have grown of +49.1% attesting to 3,81 billion dollars of Hong Kong (USA 487 million dollars). The increase is determined mainly by the rise of the marine fuel sales, that they have totaled 2,43 billion dollars of Hong Kong (+74.9%), but also from the increment of the sales of naval paintings and varnishes for container (386,9 million dollars of Hong Kong, +34.9%), of the sales of equipments and replacement parts (652,0 million, +30.2%) and of the proceeds of the commission in the segment of the naval sale (73,6 million, +137.3%).

the operating profit is piled to 133,1 million dollars of Hong Kong (+84.8%) and the profit clearly to 207,5 million dollars of Hong Kong (+39.2%):

In the single field of the sale of ships, in the first semester of 2017 branch COSCO Shipping Ship Trading has taken in delivery 22 ships of new construction for a total of 2,0 million gross capacities in tons regarding four ships for 160 thousand tpl in the first half last year. The company has announced that in the first six months of this year the division of ship trading has not emitted some new order regarding orders for 13 ships for a total of 4,1 million tpl in the first semester of 2016. Relatively to the second hand ships, in the first half of the 2017 buying and selling activity it has regarded 52 ships for an ability to 2,8 million gross capacities in tons regarding 19 ships for 1,3 million tpl in the same period of 2016. Al 30 past june the total ability to the new ships ordered from COSCO Shipping Ship Trading was pairs to beyond 10,3 million gross capacities in tons, ships that will be taken in delivery in the arc of next the two years.

Al 30 past june COSCO Shipping International (Hong Kong) Co. it had 856 dependent.

CONTRANS
ABB Marine Solutions
Evergreen Line
Est Europea Servizi Terminalistici
Salerno Container Terminal
Consorzio ZAI



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