Shipper buys 14 vessels to lift capacity
By Ding Yining |
August 19, 2010, Thursday
|
Print Edition
Print Edition
CHINA Shipping Development Co said it will order 14 dry-bulk ships for 2.88 billion yuan (US$422 million) to boost its shipping capacity after its first-half profit increased due to a rebound in rates.
Shenhua China Shipping Co, a unit of CSD, will pay 2.4 billion yuan for the 12 bulk carriers of 462,000-ton capacity each, the company said in a statement to the Shanghai Stock Exchange.
Jiahe Shipping, another CSD unit, will invest 480 million yuan for two dry-bulk carriers of 530,000-ton capacity each.
The company's profit in the first half surged 60 percent from a year ago to 979 million yuan, or 0.29 yuan per share, according to a separate statement. Total revenue rose 32.7 percent to 5.59 billion yuan in the first six months.
Income from oil transport contributed 306 million yuan, or 51 percent, to its total revenue in the period, while transporting coal made up 31 percent. "Overcapacity worries still exist in the shipping market and fluctuation in economic recovery added to the uncertainties of the global shipping industry in the second half," the company said.
Shenhua China Shipping Co, a unit of CSD, will pay 2.4 billion yuan for the 12 bulk carriers of 462,000-ton capacity each, the company said in a statement to the Shanghai Stock Exchange.
Jiahe Shipping, another CSD unit, will invest 480 million yuan for two dry-bulk carriers of 530,000-ton capacity each.
The company's profit in the first half surged 60 percent from a year ago to 979 million yuan, or 0.29 yuan per share, according to a separate statement. Total revenue rose 32.7 percent to 5.59 billion yuan in the first six months.
Income from oil transport contributed 306 million yuan, or 51 percent, to its total revenue in the period, while transporting coal made up 31 percent. "Overcapacity worries still exist in the shipping market and fluctuation in economic recovery added to the uncertainties of the global shipping industry in the second half," the company said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
