{"id":1903,"date":"2017-05-03T22:37:23","date_gmt":"2017-05-03T15:37:23","guid":{"rendered":"http:\/\/www.vtrlogistics.com.vn\/?p=1903"},"modified":"2017-05-03T22:37:23","modified_gmt":"2017-05-03T15:37:23","slug":"cosco-shipping-bounces-back-to-profit","status":"publish","type":"post","link":"https:\/\/www.vtrlogistics.com.vn\/?p=1903&lang=en","title":{"rendered":"COSCO SHIPPING BOUNCES BACK TO PROFIT"},"content":{"rendered":"

Shanghai-listed COSCO Shipping Holdings Co,\u00a0a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), has returned to profit in the first quarter of 2017, driven by a recovery in the container shipping market.<\/strong><\/span><\/p>\n

\"\"<\/span><\/p>\n

The company posted a net profit of CNY 270 million (USD 39.1 million) for the quarter, against a net loss\u00a0of CNY 4.46 billion reported in the corresponding three-month period of 2016, mainly due to\u00a0a first quarter investment income of CNY 274 million compared to an investment loss of CNY 2.11 billion for the previous year\u2019s quarter.<\/span><\/p>\n

The shipping firm\u2019s revenues for the first three months surged by 48 percent to CNY 20.1 billion from CNY 13.5 billion seen a year earlier, while its operating profit reached CNY 425 million, bouncing back from an operating loss of CNY 4 billion.<\/span><\/p>\n

COSCO Shipping\u00a0Holdings carried 4.65 million TEUs during the quarter, representing a jump of almost 54 percent compared to 3 million TEUs handled in the same period in 2016, while its revenue from\u00a0shipping routes surged by 70 percent to CNY 17.1 billion from CNY 10 billion in the respective periods.<\/span><\/p>\n

The company\u2019s terminal business saw a 7.5 percent increase in volumes, reaching a total throughput of 29.9 million TEUs in the first quarter of 2017.<\/span><\/p>\n

World Maritime News Staff<\/span><\/p>\n

Ngu\u1ed3n:\u00a0http:\/\/worldmaritimenews.com\/<\/em><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Shanghai-listed COSCO Shipping Holdings Co,\u00a0a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), has returned to profit in the first quarter of 2017, driven by a recovery in the container shipping market. The company posted a net profit of CNY 270 million (USD 39.1 million) for the quarter, against a net loss\u00a0of CNY 4.46 …<\/p>\n","protected":false},"author":2,"featured_media":1811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,75],"tags":[975,977,868],"acf":[],"_links":{"self":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1903"}],"collection":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1903"}],"version-history":[{"count":2,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1903\/revisions"}],"predecessor-version":[{"id":1906,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1903\/revisions\/1906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/media\/1811"}],"wp:attachment":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}