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COSCO Shipping Holdings 2021 Net Profit 89.3 Billon CNY

Views: 13     Author: Site Editor     Publish Time: 2022-03-31      Origin: Site

On March 30, COSCO SHIPPING Holdings Co., Ltd. announced its 2021 annual results.


During the reporting period, the operating income was 333.69 billion CNY, a year-on-year increase of 94.85%; the net profit attributable to shareholders of the listed company was 89.296 billion CNY, a year-on-year increase of 799.52%.


In addition, cargo volume reached 26.912 million TEU, a year-on-year increase of 2.2%. The revenue per container for international routes was US$2,151.

COSCO SHIPPING Holdings Co., Ltd. said that 2021 is a year where opportunities and challenges meet. Under the influence of multiple factors such as repeated COVID-19, increasing transportation demand, and limited supply of transportation capacity, the global logistics supply chain continues to be challenged and impacted by complex situations such as port congestion, container shortages, and inland transportation delays, and the supply and demand relationship of container transportation continues to be tense.


Facing these challenges, COSCO SHIPPING Holdings Co., Ltd. is doing its best to optimize the layout of the route network, increase the effective transportation capacity, actively explore a new end-to-end cooperation model, give full play to the advantages of digital technology, and fully assist customers to maintain the stability of the supply chain.


In order to effectively cope with the situation of strong growth in transportation demand and shortage of supply of transportation capacity, COSCO SHIPPING Holdings Co., Ltd.'s dual brands - COSCO SHIPPING Lines and OOCL, together with other members of the Ocean Alliance, released a release with wider coverage and better quality. , DAY5 route products with faster delivery and more stable service, involving 39 routes in the alliance and a capacity of 4.1 million TEU.

COSCO SHIPPINGs 2021 Profit of 89.3 Billion CNY

At the same time, COSCO SHIPPING Holdings Co., Ltd. has continuously improved the operational efficiency of its dual-brand fleet. In 2021, the average weekly capacity of trans-Pacific routes will increase by about 26% year-on-year, and the average weekly capacity of Asia-Europe routes will increase by about 6% year-on-year. In addition, increase efforts to develop third-country markets, emerging markets and regional markets. In 2021, the container volume of dual brands in emerging markets will increase by 9% year-on-year.


COSCO SHIPPING Holdings Co., Ltd. is also committed to building a land-sea integrated operation model, making every effort to ensure the stability and smoothness of the global industrial chain and supply chain, and providing customers with more reliable and guaranteed "end-to-end" services. During the reporting period, the dual brands continued to strengthen the development of cargo sources in the European hinterland, and the container volume of the China-Europe land-sea express line increased by 23% year-on-year; 29 new sea-rail domestic and foreign trade channels were added, Hunan-Guangdong non-rail-sea combined transportation, and the new Greater Bay Area-Western land-sea channel went smoothly. put into operation.


In 2021, the core product of the Global Shipping Business Network (GSBN), jointly launched by COSCO SHIPPING Lines, OOCL, COSCO SHIPPING Ports, and five other internationally renowned liner companies and port operators, has been launched in 2021. 11 ports at home and abroad have been put into production and application, and in many countries and regions such as Hong Kong, Singapore and Thailand, the "paperless delivery" has been realized, which greatly simplifies the data exchange method, ensures the customer service experience, and steadily improves the Industry influence.

COSCO SHIPPINGs 2021 Profit of 89.3 Billion CNY_2

In 2021, in order to solve customers' shipping problems, COSCO SHIPPING Holdings Co., Ltd. will launch 30 flights on trans-Pacific routes, Asia-Europe routes, intra-Asia routes (flow to Australia and New Zealand), and other international routes (flow to Mexico), etc. Special class train. At the same time, it helps customers cope with overseas terminal congestion, creates customized services, and opens the North American "Extreme Express" special train, which shortens the entire trans-Pacific route to 19 days.


COSCO SHIPPING Holdings Co., Ltd. has always practiced the concept of "energy saving and carbon reduction, green development", insisted on integrating environmental friendliness into the operation and management of the enterprise, and strived to achieve the harmonious coexistence of the sustainable development of the enterprise and the ecological environment.


Through measures such as optimizing the fleet structure, optimizing the route design, and effectively reducing fuel consumption, the dual brands continuously reduce the impact of business operations on the environment and carbon emissions. In addition, the 32 large container ships contracted by the two brands in 2020 and 2021, all of which can meet the IMO emission limit standards for sulfur oxides (SOx) and nitrogen oxides (NOx), can also meet the requirements of 2030 "Carbon reduction" medium-term target requirements.

COSCO SHIPPINGs 2021 Profit of 89.3 Billion CNY_3

Looking forward to 2022, COSCO SHIPPING Holdings Co., Ltd. believes that the international economic and trade pattern will continue its profound adjustment trend, and the global economy will enter a recovery channel, but the foundation is not solid. Uncertain factors such as repeated COVID-19 and local geopolitical events will still bring challenges to the global economic recovery process. According to major international economic organizations, the world economy will continue to grow at a low rate in 2022.


Since the beginning of 2022, the container shipping market has continued to run at a high level in 2021. The demand is still flexible to a certain extent, and the global port continues to be congested, putting pressure on the effective supply of shipping capacity. The tense relationship between supply and demand in the market is unlikely to be significantly improved in the first half of 2022. In the short term, the market outlook remains cautiously optimistic. However, repeated epidemics, global inflation, geopolitics and other events will bring uncertainties to the long-term operation of the market, making it increasingly difficult to predict future market trends.


COSCO SHIPPING Holdings Co., Ltd. said that in the future, it will actively respond to global economic and trade changes, fulfill the mission of shipping the world, and escort the stability of the global supply chain. At the same time, it will be committed to the development of green, low-carbon and intelligent shipping, and make new contributions in fulfilling social responsibilities and environmental protection and emission reduction.



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