Category: Investment, Biotech, Technology
China Shipping Stocks: China Logistics (OTCQB: CHLO), CSCL (2866-HK) Show Positive Trends
Snapshot for China Shipping Companies: Sector Up
News about: China Logistics Group
Point Roberts, WA - February 15, 2013 (Investorideas.com newswire) - Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors Issues a snapshot for China shipping stocks and a trading alert for China Logistics Group, Inc. ( OTCQB: CHLO), and China Shipping Container Lines Co Ltd (CSCL) (2866-HK). Both companies have shown improvement in recent numbers reported and reflected in the stock charts.
China Logistics ( OTCQB: CHLO) recently reported that it sees shipping volumes doubling in 2013 for its South American route out of Shanghai launched in 2012.
China Logistics began offering freight forwarding services from China to destinations in South America in March of 2012. Trade between China and South America has increased significantly in the past ten years due in large part to strong economic growth in countries like Brazil and Argentina. Management’s decision to begin providing freight forwarding services to Brazil and Argentina out of Shanghai in 2012 led to the Company achieving freight volume of 3,000 TEU or, twenty foot equivalent units, generating revenue for the year from the South American route of approximately $720,000 with $ 139,000 in gross profit. In 2013, management expects its shipping business to the South America route to double to volumes of at least 6,000 TEU generating revenue over $1,400,000.
China Shipping Container Lines Co Ltd (CSCL) (2866-HK) reported in January it expects to show a net profit of approximately Rmb520 million (US$83.7 million) for 2012, reversing losses of Rmb2.74 billion recorded the previous year. China Shipping Container Lines Company Limited is principally engaged in operation and management of container shipping. The Company is also involved in the provision of port services. The Company operates Pacific lines, Europe/Mediterranean lines, Asia-Pacific lines and China domestic lines, among others. During the year ended December 31, 2011, the Company handled approximately 7,438,002 twenty-foot equivalent units (TEUs).
Snapshot for China Shipping Companies
About China Logistics Group, Inc.
China Logistics Group, Inc. (OTCQB: CHLO) is a U.S. company doing business in China through its subsidiary Shandong Jiajia International Freight & Forwarding Co., Ltd. (Shandong Jiajia). Established in 1999; Shandong Jiajia is an international freight forwarder and logistics manager located in China. Shandong Jiajia acts as an agent for international freight and shipping companies. It sells cargo space and arranges land, maritime, and air international transportation for clients seeking primarily to export goods from China. For more information please visit http://www.chinalogisticsinc.com.
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