SINOTRANS SHIPPING

Source：http://www.hanxiangshipping.com Publish Date：2012/6/27

The profit Sinotrans Shipping Ltd. Collected within 2011 has declined 28.1% from the USD 128 mil in 2010 to USD218.49mil. The income has risen from USD218.49mil in 2010 to USD 281.43mil by 2011, while operating costs increased from USD163.54mil to USD198.67mil. In 2011, bulk carrier has brought in a profit of USD72.89mil, though it is less than the USD162.19mil profit made in 2010. The reason of profit has been interpreted as doing ship charter business by long-term and short-term mixed time chartering modes. In addition, because of the 14% rise in freight rate,container shipping profits have gone up from USD3.4mil in 2010 to USD3.52mil in 2011.