#COSCO TRACKING INFORMATION FULL#

Moreover, they further enhance our already robust balance sheet, which is strong enough to enable us both to withstand the challenges of cyclical markets, and to allow us to provide attractive returns to shareholders.įor much of the first half of the year, the container shipping market endured the same conditions through which it had been persevering for the previous 18 months, with effective levels of supply being under immense pressure at the same time as demand continued to grow, albeit moderately. The profits and cash flow that were generated by the results of 2022 put us in a very strong position to fund not only our continuing programme of measured and intelligent growth, but also to fund our ongoing investment in information technology and the digitalisation of our industry. At that point, we could not have foreseen that the results for 2022 would once again break new records. In last year's annual report, we wrote that our results for 2021, which include the highest ever revenue, liftings and profit figures for our core container shipping and logistics business, surpassed even the outstanding outcome for 2020.

#COSCO TRACKING INFORMATION FULL#

The Board of Directors has recommended that the dividend for full year 2022 is approximately 70% of the profit attributable to equity holders at approximately US$6,974 million, with proposed payment of a final dividend of US$2.61 per ordinary share and a second special dividend of US$1.95 per ordinary share for 2022. Orient Overseas (International) Limited (“OOIL') today announced a profit attributable to equity holders of US$9,965.2 million for 2022, compared to a profit of US$7,128.1 million in 2021.Įarnings per ordinary share in 2022 was US$15.09, whereas earnings per ordinary share in 2021 was US$11.08. OOIL Financial Results – Full Year and Second Half of 2022

# Net cash represents cash and bank balances deducted by total debt. Cash and bank balances of US$11.2 billion as at 31st December 2022.

Net cash of US$9.1 billion as at 31st December 2022.Group financial position remains one of the most robust in the industry.Germany is working on a new strategy towards China, its top trading partner, aiming to reduce its dependence on the Asian economic superpower and addressing security concerns.

Still, the decision prompted protests within Germany's government coalition and from abroad over concerns about increasing Chinese influence. That was less than an initially planned 35% stake. It did not provide further details.Ĭhancellor Olaf Scholz in October had pushed through a decision to let Cosco buy a 24.9% stake in one of HHLA's three terminals in the Hamburg port. Germany's economy ministry said it was reviewing whether government requirements 'are being implemented properly'. HHLA had implemented all the ministry's requirements for the contract with Cosco, she added. 'We believe we have answered all the questions,' she said at a presentation of HHLA's 2022 results. HHLA has been waiting for a final go-ahead from the economy ministry for 18 months and now expects to hear back soon, Chief Executive Angela Titzrath said. HAMBURG, March 23 (Reuters) - German logistics firm HHLA (HHFGn.DE) on Thursday called on the German government to uphold its responsibility towards the port of Hamburg and finally approve an agreed investment by Chinese shipping firm Cosco (601919.SS).

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