The tanker and bulker shipowner had earlier told investors of an expected profit due to improvements in the oil tanker market.
In the first nine months of 2014, CMES recorded a profit of RMB313.07m. In 2013, the Chinese shipowner made a loss of RMB2.18bn.
CMES has been disposing of several elderly vessels in an effort to lower its operating costs and renew its fleet.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.  |
