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May 2, 2022
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- COSCO Shipping Holdings records record revenues for the sixth
consecutive quarter
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- Decline in the volumes of containers transported by the fleet.
CoSCO Shipping Ports' financial performance was also positive
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 Starting from the fourth quarter of 2020, since
the Chinese shipowning group has passed for the first time the
own previously established record level of quarterly revenues
in the last quarter of 2007 before the financial crisis
worldwide, COSCO Shipping Holdings Co. scored quarter after quarter
quarter new historical records, and so it was also
in the first quarter of 2022 when revenues were equal
at a record 105.5 billion yuan (16 billion
dollars), recording a strong increase of +62.7% compared to the
same quarter last year and surpassing the previous peak
historical marked in the fourth quarter of 2021. Most of the
revenues, pairs to 103,8 billion yuan (+63.5%), is derived
from the core business of containerized maritime transport in which the
group operates through the wholly owned subsidiary
COSCO Shipping Lines and through its subsidiary Orient Overseas
Container Line (OOCL). In the first three months of this year the activities
terminals operated by the group through its subsidiary COSCO
Shipping Ports reported revenues of EUR 329.7 million
dollars (+24.2%).-
- CoSCO's operating costs in the first quarter of this year
Shipping Holdings stood at 66.6 billion yuan
(+42,8%). Operating profit amounted to 39.7 billion
yuan (+109.7%), with a contribution of 39.5 billion from transport
containerized maritime (+107.0%), and net profit at 32.5 billion
of yuan (+82.9%), with a contribution of 33.1 billion from transport
containerized maritime (+88.5%).
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- If in the first quarter of 2022 revenues directly related
to the activity of the group's container carrier fleet are
grew by +63.6% having been pairs to 99.3 billion yuan, the
volumes of containerized cargoes carried by the group's ships
on the other hand, recorded the third consecutive quarterly decline
having been equal to less than 6.2, million teu (-9.2%). On the sun
Transpacific routes the fleet carried 1.2 million teu
(-7.7%) generating revenues of 30.3 billion yuan (+93.3%).
On the Asia-Europe routes, the volumes transported amounted to
over 1.2 million teu (-4.2%) and the activity has produced
revenues pairs to 29,2 billion yuan (+64.5%). The volumes transported
from intra-Asian services amounted to 2.0 million teu
(-10.9%) with relative revenues of 23.6 billion yuan (+48.6%).
On Chinese domestic routes, COSCO ships transported
less than 1.1 million teu (-15.6%) and the related revenues to 2.9
billions of yuan (+1.9%). On other international routes the fleet
transported 659 thousand teu (-3.9%) totaling revenues of 13.3
billions of yuan (+66.6%).
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- In the first quarter of this year the operating costs recorded
from the terminalist branch COSCO Shipping Ports have marked a
increase of slightly less than that of revenues having been attested to
248.8 million dollars (+22.3%). Operating profit was
of 43.2 million dollars (+24.2%) and the net profit of 89.7 million
of dollars (+13.9%).
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- In the first three months of 2022 the port terminals that are part of
the Chinese group have enlivened a record container traffic
pari a 30,3 million teu, with a slight progression of +0.3% on the
corresponding period of 2021, of which 7.5 million teu (+39.5%)
enlivened only by the terminalist companies of which COSCO
Shipping Ports owns a controlling stake.
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- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
