-0.2 C
Hamburg
Sunday, February 16, 2025
Home Port News COSCO SHIPPING Ports reports over 35 million TEUs and US$360 million revenue...

COSCO SHIPPING Ports reports over 35 million TEUs and US$360 million revenue in third quarter

COSCO SHIPPING Ports’ total throughput increased by 4.1% year-on-year to 35.6 million TEUs in the third quarter of 2023, while, the equity throughput increased by 2.7% year-on-year to 11.4 million TEUs. Moreover, the total throughput from subsidiaries decreased by 3.4% to 8.25 million TEUs.

Additionally, the revenue of the Chinese port operator increased by 2.7% year-on-year in the third quarter of the year to US$358,902,000. At the same time, the company’s profit decreased by 4% US$83,312,000.

Regarding the first nine months of 2023, the total throughput increased by 2.8% year-on-year to more than 100 million TEUs. The equity throughput increased by 1.8% to 32.16 million TEUs, while the total throughput from subsidiaries decreased by 5.1% to 22.97 million TEUs.

Furthermore, COSCO SHIPPING Ports’ revenue decreased by 0.6% year-on-year to US$1,047,775,000, while the company’s profit declined by 11.7% to US$233,604,000.





Latest Posts

Why YouTube Shares Matter for Shipping and Supply Chain Brands

If you run a shipping or supply chain brand, having a presence on YouTube is essential to finding new clients and getting your name...

How To Determine The Right Storage Container For Your Needs

From transporting to storing to organizing merchandise, the storage container takes top priority. Whether you're clearing your home, moving, or stashing merchandise, good storage...

The Role of Container Shipping in Global Supply Chains: A Focus on Heavy Equipment

In today's global economy, container shipping is essential to the functioning of numerous supply chains. Efficiently moving goods across oceans is essential to every...

How Indiana can Improve its Infrastructure and Reduce the Number of Car Accidents

How frequently do you, either as a driver or pedestrian witness or hear about traffic accidents? Unfortunately, road accidents have become an everyday occurrence...

Weekly Update: Container Shipping Stock Highlights

The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions,...
error: Content is protected !!