Free Porn
xbporn
23.3 C
Hamburg
Thursday, July 18, 2024
Home Port News COSCO Shipping Ports boosts first quarter profits with flat container volumes

COSCO Shipping Ports boosts first quarter profits with flat container volumes

Cosco Shipping Ports achieved a year-on-year increase of 11.2% in its gross profit for the first quarter of the year, reaching US$89.9 million. At the same time, the company's Q1 revenue decreased by 0,5% year-on-year, falling to US$328 million.

For the same period, the Chinese port and terminal operator reported a total container throughput of 30,305,420 TEUs, retaining steady box volumes with the first quarter of the last year.

Additionally, for the three months ended on 31 March 2023, the total throughput of the terminals in China increased by 0.6% year-on-year to 22,650,786 TEUs and accounted for 74.7% of the Group’s total.

Also, during this period, the total throughput of the overseas region slightly decreased by 1.5% year-on-year to 7,654,634 TEUs and maintained a steady trend in general, accounting for 25.3% of the Group’s total with its second largest share of total throughput within the Group’s portfolio.





Latest Posts

NYK buys segments of ENEOS Ocean’s shipping business

NYK will acquire 80% of the shares of a new company to be established by ENEOS Ocean Corporation, a consolidated subsidiary of ENEOS Holdings,...

NWSA reports higher container volumes in 2024

The Northwest Seaport Alliance (NWSA), a partnership between the ports of Seattle and Tacoma, handled 321,432 TEUs in June, representing a significant growth of...

Port of Rotterdam nears 7 million TEUs in first half

In the first half of the year, Port of Rotterdam's container throughput increased by 4.2% in tonnes to 67.1 million tonnes and by 2.2%...

Port of Los Angeles achieves another monthly container gain

Port of Los Angeles processed 827,757 TEUs in June, translating to a 10% increase over the previous month and less than 1% compared to...

Direct services are solution to congestion and capacity dilemmas

Shipping lines are extending their direct call services in an effort to absorb excess capacity and maintain schedules as port congestion in both Asia and...