COSCO Shipping Ports

COSCO SHIPPING Ports’ Lianyungang goes live on N4

Navis anounced that Lianyungang New Oriental International Terminals Co., Ltd. (“LNOIT”), a subsidiary of COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports”), has gone live with N4. This implementation was completed by COSCO SHIPPING Ports as part of its larger globalization strategy with the terminals it operates.

Located on the southwestern coast of Haizhou Bay in China, Lianyungang New Oriental International Terminals Co., Ltd. is the first modern terminal company specializing in...

https://container-news.com/cosco-shipping-ports-lianyungang-goes-live-n4/

COSCO SHIPPING Ports announces 3rd quarter results

COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP” or the “Company”) announced third quarter results of the Company and its subsidiaries (the “Group”) for the three months ended 30 September 2019.

2019 Third Quarter Results Highlight

  • Revenue was US$254.7million, +0.7%yoy
  • Gross profit was US$66.6million, -12.1%yoy
  • Share of profits from JV and associates was US$71.3million, +2.7%yoy
  • Net Profit was US$71.8 million, -4.4%yoy

2019 9 Months Results Highlight

  • Revenue was US$772.6million,...

https://container-news.com/cosco-shipping-ports-results-2/

COSCO Shipping Ports announces new chairman

The board of Directors of COSCO SHIPPING Ports Limited announces that with effect from 13 September 2019:

  1. Mr. ZHANG Wei has resigned as an Executive Director, Chairman of the Board and Managing Director of the Company, and will cease to as an authorised representative of the Company (“Authorised Representative”) under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”), an agent of the Company for the service of process in Hong Kong...

https://container-news.com/cosco-shipping-ports-chairman/

COSCO buys big stake in Italian terminal

Not far from an abandoned industrial site with rusted metals reminiscent of its manufacturing past, the port of Vado Ligure carries the promise of the Italian city’s future.

Neighboring an old reefer terminal that has so far handled mostly bananas and pineapples, new Vado Gateway terminal, under a partnership between European and Chinese businesses, will be opened in December and become one of the most capable terminals in Europe.

COSCO SHIPPING Ports, under the world’s largest integrated...

https://container-news.com/cosco-buys-big-stake-italian-terminal/

COSCO SHIPPING Ports enjoys revenue growth

COSCO SHIPPING Ports, the world’s leading ports operator, announced interim results of the Company and its subsidiaries for the six months ended 30 June 2019.

2019 Interim Results Highlight

  • Revenue was US$ 517.9 million +4.5%yoy
  • Gross profit was US$ 153.4 million, -2.6%yoy
  • Share of profits from JV and associates was US$144.6 million, -4.8%yoy
  • Profit attributable to equity holders of the Company was US$ 147.8 million, -12.5%yoy
  • Adjusted net profit attributable to equity holders of the Company was...

https://container-news.com/cosco-shipping-ports-enjoys-revenue-growth/

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