COSCO Shipping Ports (CSP)

COSCO’s Q1 profit 26 times higher than 2020

COSCO Ship Holdings (CSH), the container arm of the China COSCO group, said on 29 April that Q1 2021 net profit rose 26-fold, rising to CNY17.8 billion (US$2.71 billion), as the remarkable recovery in container shipping continued.

Revenue was up 80% to CNY64.84 billion (US$9.87 billion), with income from container shipping up 82% to CNY63.52 billion (US$9.67 billion). The Asia-Europe, Intra-Asia and Transpacific routes were the three highest contributors to the group’s revenue from container...

https://container-news.com/coscos-q1-profit-26-times-higher-than-2020/

HIT introduces remote reefer monitoring

Hongkong International Terminals (HIT), part of the CK Hutchison conglomerate, has launched a 24-hour automated remote reefer container monitoring and management system with the aim of capturing the growing business opportunities in the cold chain logistics market.

Market research website, MarketandMarkets.com estimates the global cold chain market size was valued at US$233.8 billion in 2020 and is projected to reach US$340.3 billion by 2025, as demand for reefers is expected to grow.

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https://container-news.com/hit-introduces-remote-reefer-monitoring/

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