COSCO Shipping Ports

CargoSmart and shipping leaders launch blockchain initiative

Leading global shipment management software solutions provider, CargoSmart, announced the execution of Global Shipping Business Network (GSBN) Services Agreements with maritime industry operators CMA CGM, COSCO SHIPPING LINES, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group. Under these agreements, each signatory commits to provide resources to support preparatory work required to establish the GSBN, a...

https://container-news.com/cargosmart-shipping-leaders-launch-blockchain-initiative/

COSCO confirms major merger of Chinese container terminals

COSCO Shipping Ports announced that on 30 June 2019, COSCO Ports (Tianjin) Limited (“CP Tianjin”) and China Shipping Terminal Development Co., Ltd. (“CSTD”), both being wholly-owned subsidiaries of the Company, entered into a merger agreement with Tianjin Port Holdings Co., Ltd. (“Tianjin Port Holdings”), China Merchants International Terminals (Tianjin) Limited (“CM Terminals”), Tianjin Port Container Terminal Co., Ltd. (“TCT”), Tianjin Five Continents International Container Terminal Co.,...

https://container-news.com/cosco-confirms-major-merger-chinese-container-terminals/

COSCO to develop South America’s key gateway port in Peru

COSCO SHIPPING Ports Limited, a leading ports operator in the world, on May 14 announced that COSCO SHIPPING Ports PERU (Chancay) Project Official Transfer Ceremony and COSCO SHIPPING  Ports Chancay PERU S.A. Promotional Event were officially held in Peru on 13 May (Local time in  Peru). The equity transaction of the Project Company was officially completed on 10 May 2019.

Port of Chancay is the Company’s first greenfield subsidiary in South America and COSCO  SHIPPING Ports is dedicated to...

https://container-news.com/cosco-develop-south-america-key-gateway-port-peru/

COSCO Shipping Ports’s profit sinks – Box volumes increased

COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP” or the “Company”, SEHK: 1199), the world’s leading ports operator, announced first quarter results of the Company and its subsidiaries (the “Group”) for the three months ended 31 March 2019.

2019 First Quarter Results Highlight

  • Revenue was US$247.7million +4.1%yoy
  • Gross profit was US$70.1million, -5.2%yoy
  • Share of profits from JV and associates was US$61.9million, -2.2%yoy
  • Net Profit was 49.9 million, -27.9%yoy
  • Adjusted net profit was...

https://container-news.com/cosco-shipping-ports-profit-sinks-box-volumes-increased/

COSCO to develop supply chain project in Guangzhou

COSCO SHIPPING Ports Limited (”COSCO SHIPPING Ports” or “CSP” or “Company”) today (April 3) announced that the Company signed investment agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. The Company plans to develop phase I of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company Limited, in order...

https://container-news.com/cosco-develop-supply-chain-project-guangzhou/

COSCO SHIPPING Ports enjoys robust growth – Driven by volume

  • Revenue Surged by 57.6%
  • Adjusted Net Profit Increased by 42.9%
  • Throughput achieved ahead of market growth of 17.1%

COSCO SHIPPING Ports Limited on March 28 announced full year results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2018.

2018 Full-year Results Highlight

  • Revenue was US$1,000.4 million +57.6% yoy
  • Cost of sales was US$706.7 million, mainly due to CSP Spain Group acquired in 2017
  • Gross profit was US$293.7 million, +40.3% yoy
  • Share of profits from JV...

https://container-news.com/cosco-shipping-ports-enjoys-robust-growth-driven-by-volume/

Container Throughput of January 2019 by COSCO

HIGHLIGHTS:

January 2019 throughput

  • Total throughput (excluding QPI) +8.4% yoy
  • Organic growth (excluding QPI) +7.5% yoy (1)
  • Subsidiaries +14.4% yoy
  • Non-subsidiaries (excluding QPI) +6.6% yoy
  • Overseas portfolio +20.1% yoy
  • Greater China portfolio (excluding QPI) +4.7% yoy

Note:
(1) Excluding Nantong.

Container throughput of port companies

Note:
(1) CSPL currently holds 18.41% of Qingdao Ports International Co. Ltd. (“QPI”), the terminal throughput of QPI
was not included in this table mainly...

https://container-news.com/container-throughput-january-2019/

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