Released from the drag of its former container shipping business in 2016, Cosco Shipping Development announced that it was expecting net profit for 2017 to more than triple to at least RMB1.3bn ($205.2m) compared with the RMB368.6m posted in the previous corresponding period.
The boxship sector is facing record deliveries of ultra-large containerships (ULCs) newbuildings in 2018 with 10 joining the fleet in January alone.
The first ice-breaking LNG carrier jointly owned by Mitsui OSK Lines (MOL) and China Cosco Shipping has been named at Daewoo Shipbuilding & Marine Engineering (DSME).
Cosco Shipping Energy Transportation is going back on the ordering trail, announcing a RMB2.14bn ($323.7m) order for seven tankers from Guangzhou Shipyard International (GSI) over the weekend.
China and Greece have vowed to strengthen cooperation under the Belt and Road Initiative. This commitment was made during a visit to Athens by Chinese Vice Premier Ma Kai.