COSCO Shipping to Deliver Profit in 1Q 2018

Cosco containershipImage Courtesy: Cosco Shipping International

COSCO Shipping International (Singapore) said it expects to deliver a profit in the first quarter of 2018.

In its latest profit guidance for the first quarter ended March 31, 2018, the company said that its board of directors is of the view that the first quarter results “will show a profit as compared to the net loss recorded in the corresponding period of the previous financial year.”

The profit would be mainly attributable to contributions from Cogent Holdings Limited and PT Ocean Global Shipping, which were recently acquired by COSCO Shipping.

COSCO Shipping ended the first quarter of 2017 with a net loss of SGD 78.9 million, while the group’s turnover for the period stood at SGD 401.8 million.

Turnover from shipyard operations was at SGD 392.6 million, while the turnover from dry bulk shipping and other businesses reached SGD 9.2 million.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >