Cosco Pacific has reported a 3.7 per cent increase in first-half profit to US$69.1 mill as better earnings from its port operations more than offset the impact of lower revenue from container leasing (Florens Container Corporation).
Total turnover for the six months ended June was down 2.7 per cent to US$105.5 mill as container leasing turnover slipped 2.5 per cent to US$98 mill. Main customer Cosco Container Lines (Cosco) accounted for 69.1 per cent of the leasing revenue, down from 72.3 per cent a year earlier. Cosco reduced the number of units leased after returning boxes upon expiry of 10-year leases during the first half of last year....
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Approx 280 words from WorldCargo News, September 2000,
page 18.
