• ITVI.USA
    14,128.230
    318.660
    2.3%
  • OTRI.USA
    21.970
    0.490
    2.3%
  • OTVI.USA
    14,109.280
    325.230
    2.4%
  • TLT.USA
    2.810
    0.000
    0%
  • TSTOPVRPM.PHLCHI
    1.870
    -0.030
    -1.6%
  • TSTOPVRPM.ATLPHL
    2.290
    -0.190
    -7.7%
  • TSTOPVRPM.CHIATL
    2.760
    -0.310
    -10.1%
  • TSTOPVRPM.LAXDAL
    2.040
    -0.240
    -10.5%
  • TSTOPVRPM.LAXSEA
    2.630
    -0.090
    -3.3%
  • TSTOPVRPM.DALLAX
    1.320
    -0.050
    -3.6%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    14,128.230
    318.660
    2.3%
  • OTRI.USA
    21.970
    0.490
    2.3%
  • OTVI.USA
    14,109.280
    325.230
    2.4%
  • TLT.USA
    2.810
    0.000
    0%
  • TSTOPVRPM.PHLCHI
    1.870
    -0.030
    -1.6%
  • TSTOPVRPM.ATLPHL
    2.290
    -0.190
    -7.7%
  • TSTOPVRPM.CHIATL
    2.760
    -0.310
    -10.1%
  • TSTOPVRPM.LAXDAL
    2.040
    -0.240
    -10.5%
  • TSTOPVRPM.LAXSEA
    2.630
    -0.090
    -3.3%
  • TSTOPVRPM.DALLAX
    1.320
    -0.050
    -3.6%
  • WAIT.USA
    127.000
    0.000
    0%
American ShipperShipping

Q1 profits skyrocket at CSCL

Ocean carrier China Shipping reported a nearly 306% year-over-year increase in net profits during first quarter 2015.

   China Shipping Container Lines Co. Ltd. increased net profits attributable to equity holders 305.58 percent to 249 million yuan (U.S. $40 million) in the first quarter of 2015 compared with the first quarter of 2014, according to the company’s latest financial statements.
   Revenues at the Hong Kong and Shanghai-listed CSCL fell 9.42 percent to 8.57 billion yuan during the quarter.
   The company did not provide any comments on the results.
   CSCL, China’s second-largest shipping company, is a member of the Ocean3 Alliance with French ocean carrier CMA CGM and Dubai-based United Arab Shipping Company, cooperating on the major east-west trade lanes.