COSCO Shipping Ports

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.

Re...

https://container-news.com/cosco-shipping-ports-reports-over-35-million-teus-and-us360-million-revenue-in-third-quarter/

COSCO SHIPPING Ports reports over 77.8 million TEUs in first nine months of 2023

Chinese port operator COSCO SHIPPING Ports reported that its total throughput in September rose by 7.9%, compared with the same month last year, reaching around 9.3 million TEUs.

From the start of the year, COSCO SHIPPING Ports has seen more than 77.83 million TEUs in its ports and terminals worldwide, translating to a slight increase of 0.6%.

In September, the throughput at terminals in the Bohai Rim and overseas regions continued to perform relatively well in recent months, posting a...

https://container-news.com/cosco-shipping-ports-reports-over-77-8-million-teus-in-first-nine-months-of-2023/

Νέος Managing Director του Σταθμού Εμπορευματοκιβωτίων Πειραιά ο Captain Wang Jihang

Με απόφαση της COSCO SHIPPING Ports, μητρικής εταιρίας της PCT, ο Captain Wang Jihang αναλαμβάνει καθήκοντα ως Managing Director της PCT με ισχύ από 7 Σεπτεμβρίου 2023. Ο Wang Jihang διορίστηκε Chief Operations Officer του Σταθμού Εμπορευματοκιβωτίων Πειραιά (PCT) το 2017 και Αναπληρωτής Γενικός Διευθυντής το 2020, ενώ διετέλεσε Εκτελεστικός Αναπληρωτής Διευθύνων Σύμβουλος στην εταιρεία από το 2021.

Σύμφωνα με την ανακοίνωση, ο Captain Wang Jihang συνιστά ένα έμπειρο και καταξιωμένο στέλεχος του...

https://www.newmoney.gr/roh/palmos-oikonomias/nautilia/neos-managing-director-tou-stathmou-emporevmatokivotion-pirea-o-captain-wang-jihang/

Eyebrows raised at China’s state-owned players’ increased stakes in European ports

Chinese companies hold investments in some 31 container seaport terminals in Europe and the Mediterranean as of end-August, reflecting the increased activity by China’s state players in Europe’s port network since 2016, according to Alphaliner’s report today (20 September).

With the addition of HHLA’s Tollerort terminal, COSCO Shipping Ports (CSP) now holds shares in eleven terminals in seven European countries (Belgium, Germany, Greece, Italy, the Netherlands, Spain and Turkey).

CSP’s financials...

https://container-news.com/eyebrows-raised-at-chinas-state-owned-players-increased-stakes-in-european-ports/

COSCO Shipping Ports announced decreased revenue for first six months of 2023

COSCO Shipping Ports Limited announced interim results of the Company and its subsidiaries for the 6 months ended 30 June 2023.

More specifically, total throughput increased by 2.2% year on year to 64,572,872 TEUs, equity throughput increased by 1.3% year on year to 20,751,365 TEUs.

Also, revenue decreased by 2.2 % year on year to US$688.9 million, while gross profit also decreased by 2.0% year on year to US$193.8 million.

Share of profits from joint ventures and associates decreased by 4.1% year...

https://container-news.com/cosco-shipping-ports-announced-decreased-revenue-for-first-six-months-of-2023/

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