Wei Jiafu said COSCO reach 6 billion yuan in the first half profit

As the international economic recovery, the shipping industry has shown a significant recovery in the first half, shipping performance has gradually picked up. Today, COSCO president Wei Jiafu told China Central Television interview that the first half of this year, Cosco profit of 60 million, he did not disclose the data in a group or a stock company.

Wei Jiafu said that at present, the U.S. economy has improved, the European economy is also improving, he has emerged that the international economic recovery, and that the current economic crisis era in the post. He said that with economic recovery, the shipping industry also appeared to restore profitability. "Last year it earned 1.4 billion, the first 6 months of this year, our profit reached 60 million." Wei Jiafu said.

As the financial crisis in international trade have fallen sharply, the shipping industry by the direct impact, the world's largest shipping company Maersk has happened over the first loss. China Ocean 2009 annual report, annual loss of 6.313 billion yuan in 2009, while in 2008 the company was 14.839 billion yuan profit.