Search results for: COSCO Pacific

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  • 28 August 2015
    Business & Finance

    Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a 5% dip in revenue from its terminals business for the first six months of 2015, mainly attributed to the depreciation of the Euro which led to a decrease in revenue from Piraeus Terminal in Greece. The performance of Piraeus Terminal in the first half of […]

  • 28 August 2015
    Business & Finance

    Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a 5% dip in revenue from its terminals business for the first six months of 2015, mainly attributed to the depreciation of the Euro which led to a decrease in revenue from Piraeus Terminal in Greece. The performance of Piraeus Terminal in the first half of […]

  • 27 April 2015
    Business & Finance

    The Hong Kong-headquartered COSCO Pacific handled 16.5 million TEUs throughout its container terminals in the first quarter of 2015, a 6.6% increase compared to 15.5 million TEUs the ports and terminals arm of the COSCO Group handled in the first three months of 2014. The improved throughput translated to a 19.7% rise in net profit for the quarter, bringing […]

  • 17 November 2015
    Business & Finance

    Cosco Pacific, China Merchants Holdings International (CMHI) and CIC Capital Corporation have used the recent G20 summit in Ankara to officially sign an agreement with FIBA Holding to jointly acquire Kumport Terminal, Turkey’s third largest container terminal situated in the Ambarli Port Complex on the northwest coast of the Marmara Sea. Back in September, COSCO Pacific, CMHI and […]

  • 25 March 2015
    Business & Finance

    Container terminal operator Cosco Pacific’s revenue rose by 8.9% to USD 870 million in 2014 when compared to figures from the preceding year. Revenue from the terminals business rose by 13.6% to USD 516 million, the increase being mainly attributable to Piraeus Container Terminal, Guangzhou South China Oceangate Container Terminal and Xiamen Ocean Gate Container […]

  • 26 October 2015
    Business & Finance

    Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a weaker than expected container throughput in the first nine months of 2015  due to ”slower global economic growth and negative growth in China’s exports and imports,” the company said in its report on financial and operational highlights in 2015. For the three months […]

  • 29 March 2016
    Business & Finance

    Hong Kong-listed port operator COSCO Pacific Limited recorded a 30.4 % profit increase in 2015 due to steady development and stable profit performance, the company said. Specifically, profit attributable to equity holders of COSCO Pacific for the year 2015 was USD 381.6 million against USD 292.7 million reported in 2014. Excluding the write back provisions […]

  • 28 March 2016
    Business & Finance

    Hong Kong-based COSCO Pacific and PSA Singapore have signed a new investment agreement in Shanghai, China today to co-invest in three new mega berths at the Phases 3 and 4 expansion of the Pasir Panjang Terminal which was opened last year. The investment will be implemented through a joint venture Cosco-PSA Terminal (CPT) and allow for the arrival […]

  • 17 September 2015
    Business & Finance

    COSCO Pacific, China Merchants Holdings International (CMHI) and CIC Capital Corporation have, through their respective wholly-owned subsidiaries, formed a joint venture to acquire equity interests in Fina Liman and Kumport in Turkey. Fina Liman is an investment holding company whose only asset is its investment in Kumport, which is principally engaged in the ownership and operation […]

  • 17 September 2015
    Business & Finance

    COSCO Pacific, China Merchants Holdings International (CMHI) and CIC Capital Corporation have, through their respective wholly-owned subsidiaries, formed a joint venture to acquire equity interests in Fina Liman and Kumport in Turkey. Fina Liman is an investment holding company whose only asset is its investment in Kumport, which is principally engaged in the ownership and operation […]

  • 29 October 2014
    Business & Finance

    Hong Kong-listed COSCO Pacific Limited has marked a 8.55% and 4.4% increase in profit for the three months and nine months ended September 30, 2014, respectively, compared to the same period in 2013. The profit for the third quarter was USD 86,94 million bringing the total profit for the nine months to USD 233,729 million Total container […]

  • 18 June 2008

    To operate container terminals The Chinese ports investor Cosco Pacific Ltd. looks set to upgrade and manage two of the three container shipping berths in the Greek port of Piraeus. The company said on Friday that it had been notified by the Piraeus Port Authority (PPA) that it was the highest bidder for the concession. […]

  • 26 October 2015
    Business & Finance

    Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a weaker than expected container throughput in the first nine months of 2015  due to ”slower global economic growth and negative growth in China’s exports and imports,” the company said in its report on financial and operational highlights in 2015. For the three months […]

  • 28 April 2016
    Business & Finance

    Hong Kong-based container terminal operator COSCO Pacific Limited has seen its profit drop by 25.8 percent to USD 42.9 million, against USD 57.9 million recorded in the same period in 2015. The terminal operator’s revenues for the period decreased to USD 128.6 million, compared to USD 131.6 million a year earlier. However, COSCO Pacific recorded a slight increase of […]

  • 8 January 2020
    Business & Finance

    Cosco Pacific’s cargo hold fire caused by spontaneous combustion of misdeclared lithium batteries.

  • 26 August 2014
    Business & Finance

    COSCO Pacific Limited has announced the unaudited condensed consolidated results of the company and its subsidiaries for the six months ended June 30, 2014.  The Group’s revenues rose by 11.4%. Revenues from the terminals business rose by 18.9%, and revenues from the container leasing, management and sale businesses rose slightly by 2.1%;  Gross profit fell by […]

  • 7 January 2020
    Business & Finance

    A fire broke out on board Cosco Pacific, off Indian coast.

  • 28 March 2006

    COSCO Pacific, P&O, Maersk and Qingdao Port Group will jointly invest RMB 4 billion in the sixth phase of a container project in Qingdao port, with the aim of starting operations in 2008.

  • 30 December 2005

    HONG KONG (AP) – Ports investor COSCO Pacific Ltd. said it has signed an agreement to buy a 20 percent stake in the Suez Canal Container Terminal in Egypt — its first port investment in the Middle East.

  • 17 November 2007

    Cosco Pacific Ltd, Asia’s third-largest container-terminal operator, said one of its ventures and Pan Asia International Shipping Ltd. will form a $1 billion container terminal operator in China to handle growing trade.

  • 12 May 2016
    Business & Finance

    Hong Kong-listed Cosco Pacific Limited has entered into a share sale and purchase agreement with Hutchinson Port Holdings to acquire a 35% equity interest in Euromax container terminal in Rotterdam. The consideration for the acquisition comprises of €41.43 million for 35% of the share capital of Euromax and €84 million for 35% of the shareholder’s loan of […]

  • 14 March 2005

    China’s top shipping group, China Ocean Shipping (Group) Co. (COSCO), plans to float its container shipping arm, the world’s seventh largest, in a Hong Kong IPO that is expected to raise more than US$1 billion. Hong Kong-listed COSCO Pacific Ltd., which leases shipping containers and operates terminals, said Friday its sister firm China COSCO Holdings […]