Cosco Pacific first-quarter net income down 34%

2009 April 29 11:32

Cosco Pacific first-quarter net income down 34%

Hong Kong-listed port operator Cosco Pacific Ltd.said Wednesday its net income for the first quarter fell 34%, as the global economic slump led to an 8% drop in cargo traffic. Net profit fell to $43.4 million from $65.8 million a year earlier. Revenue, however, rose 2.6% to $75.44 million from $73.56 million. Cosco, a unit of state-owned shipping group Cosco Holdings Ltd., said container volumes fell 8% overall. It said the declines were sharpest in its Singapore and Belgium operations.

2024 November 12

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17:42	ZeroNorth and Vitol launch digital bunker trial in port of Rotterdam
17:24	LR MDH joins call to accelerate adoption of zero-emission fuels by 2030
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16:25	Vitol Terminal Latvia introduces new aniline transshipment service
15:45	UECC and Daphne Technology join forces to drive advanced emissions monitoring on UECC’s latest vehicle carrier
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10:03	Zhenhua Heavy Industries launched the world's largest piling vessel for CCCC Second Harbor Engineering Bureau
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