China Shipping Container Ship Co., Ltd. Loses RMB 1.266 Billion

A few days ago, China Shipping Container Lines announced semi-annual report on Wednesday. The report shows that in the first half of the year, the company had a loss of 1.266 billion yuan and a loss of 0.1083 yuan per share. The amount of losses was basically the same as last year.

In 2012, China Shipping Container Lines gradually updated and phased out its own containers, seized the opportunity of the second-hand box market to sell at a higher price, realized greater value-added, and caused the performance to turn deficits. The annual profit was 523 million yuan. In 2011, CSCL suffered a huge loss of RMB 2.743 billion.

In the first half of this year, revenue from China Shipping's operating industry increased by 3.51% year-on-year to 15.587 billion yuan. The company pointed out that in the first half of 2013, the international economic and trade recovery was sluggish and the recovery was slow. The shipping market continued to be depressed due to the increase in supply and demand imbalances. The freight rates of shipping routes fluctuated at a low level and the volume demand was sluggish.

China Shipping Container Lines stated that in the third quarter of this year, the volume of trunk routes showed a seasonal recovery and the route loading rate remained at a relatively high level. Since the market's freight rate has bottomed out since July, the operating pressure of liner companies has eased. However, the economic situation in the second half of the year is still relatively complex and changeable. The global macroeconomic fundamentals have improved, but there are still many uncertainties and uncertainties.