B. Management measures and
operation indicators
II. Economic achievement indicators and economic report  
 

ii. Performance indicators|1. Materials

Due to the business character of COSCO Group, the application of material mainly focuses on the shipbuilding and ship-repairing industries.


Applied steel in shipbuilding and ship-repairing steel structure engineering in 2003-2005

Serial No.

Indicators

2003 2004 2005
1

Amount for shipbuilding steel structure (ton)

57458 75639.06 100926
2

Steel amount for shipbuilding (ton)

85771 86331.3 101395.5
3

Utilization ratio of steel material for shipbuilding

92% 92% 92%
The total material utilization ratio of COSCO in shipbuilding and outfitting work is 95%

Green Passport

The "Green Passport" is an important concept that the International Maritime Organization put forward in 2003 for ship recycling. A list of potentially hazardous materials which might be found on board ships, it is aimed to conduct ship recycling more safely and environmentally friendly. Currently the Green Passport is an added ship sign at the free will of ship owners, which is fit for both newly built ships and in-operation ships. COSCO Group has been paying close attention to the concept of Green Passport, actively tracing classification societies' establishment of related regulations and their implementation in the industry. The group will implement the Green Passport for its newly built ships, and plans gradual implementation in current ship management from next year on.

Utilization ratio of spare parts & material repair

In principle, the group tries to repair the repairable spare parts as much as possible, with the premise of quality assurance and expenditure saving. No record for the utilization ratio has been made.

Actively driving material saving
(1) Shipbuilding and ship-repairing enterprises should strictly follow technology standards of design criteria, production procedure, construction techniques and material consumption accounting system to decrease damage and waste and improve raw material utilization ratio.
(2) Shipbuilding and ship-repairing enterprises are supposed to increase the utilization life of supplemental materials and colligation& underlay materials, and save wood materials, to improve replacement utilization.

Decreasing Burden of Office Environment
To save paper, on one side, COSCO Group has popularized informationization, using digitalized management platform for file and information storage and trying to turn into paperless office work; on the other side, the group requires employees to use both sides of the paper to increase paper utilization ratio.

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COSCO Group, October 2006