COSCO SHIPPING Holdings reported a net profit of 64.716 bn in H1

On July 6, COSCO SHIPPING Holdings issued an announcement on the pre-increase in performance for the first half of this year.
 
The announcement stated that in the first half of the year, COSCO SHIPPING Holdings is expected to realize a net profit of about 64.716 billion yuan attributable to shareholders of the listed company, an increase of about 27.618 billion yuan compared with the same period of the previous year, an increase of about 74.45% year-on-year.

COSCO SHIPPING Holdings stated that in the first half of this year, the supply and demand relationship in the international container shipping market was relatively tense, and the export freight rates of main routes remained high.
 
During the reporting period, the average value of China Containerized Freight Index (CCFI) was 3,286.03 points, a year-on-year increase of 59%.
 
COSCO SHIPPING Holdings said that it will give full play to the important role of technological innovation and digitalization in the supply chain system and contribute to ensuring the stability of the global supply chain.
 
Source: Xinde Marine News Sarah Yu

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