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19 February 2020 The on-line newspaper devoted to the world of transports 05:31 GMT+1

September 2, 2019

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COSCO Shipping Holdings records a decided rise of the semiannual economic performances thanks to the acquisition of OOIL

In the first six months of the 2019 fleet of portacontenitori of the group it has transported 12,46 million teu (+39.8%)

In the first semester of this year shipowning group Chinese COSCO Shipping Holdings has recorded revenues pairs to 71,76 billion yuan (10,0 billion dollars), with an increment of +59.3% on the first half of the 2018 that is effect mainly of the acquisition of the Orient Overseas (International) Ltd. (OOIL) of Hong Kong and its company of navigation Orient Overseas Container Linens (OOCL)(on 16 July 2018). The single generated revenues of the group from the activities of containerized marine transport, that they are operated mainly through companies COSCO Shipping Lines and OOCL, have been attested 68,90 billion to yuan (+62.6%), and those generated from the terminalistiche activities of the group, realized through a participation in COSCO Shipping Ports, have totaled 3,57 billion yuan (+12.2%). The operating profit is piled to 3,80 billion yuan (+230.6%) and the profit to clearly 2,01 billion yuan (+162.0%).

In the first six months of the 2019 fleet of portacontainer of the Chinese group it has transported cargo volumes pairs to 12,46 million teu (+39.8%), of which 9,08 million teu transported from the sun ships of COSCO Shipping Lines (+2.0%) and 3,37 million teu from those of OOCL (+3.2% on comparable base). On the sun broken transpacifiche pairs to 2,23 million teu (+53.4% are transported altogether contanerizzati cargos), on the routes Asia-Europe/Mediterranean 2,41 million teu (+59.9%), on the routes intra-Asians (included Australia) 3,85 million teu (+66.8%), on Chinese national routes 2,75 million teu (- 2.7%) and on the other international routes (included those ocean-going liners) 1,22 million teu (+49.8%). Al the 30 last June fleets of the two companies were constituted by 493 portacontenitori for a total cargo ability pairs to 2,90 million teu, with a rise of +5.0% on on June 30, 2018.

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