Shanghai-listed Nanjing Tanker and Shenzhen-listed CSC Phoenix would both be into their third consecutive annual losses if they do not return to profit when they release their results later this year and this will lead to their suspension. If the losses continue into their fourth year, they will be delisted.
A profit warning has been issued for Nanjing Tanker although its full-year results have not been released.
Local news reports quoted Sinotrans chairman Zhao Huxing as saying the China Securities Regulatory Commission, Shanghai Stock Exchange and the group were all "concerned" about Nanjing Tanker's condition and the group was also studying the problems internally.
He added that CSC Phoenix, which is in the dry bulk space, has some room for operations to improve but dismissed the idea of any consolidation plans.
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