Seatrade Maritime is part of the Informa Markets Division of Informa PLC

Informa PLC|ABOUT US|INVESTOR RELATIONS|TALENT

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Events Podcasts Reports Advertise

Red Sea Crisis

Transport

Recent in Transport

Recent in Ports

Recent in Safety

Recent in Ship Operations

Recent in Sustainability

Recent in Offshore

Recent in Event News

Profitable CSC Phoenix to resume trading in Shenzhen

Changhang Phoenix (CSC Phoenix) has averted a delisting from the stock exchange as the Shenzhen bourse has approved of its application to resume trading, after a suspension since May 2014.

Lee Hong Liang, Asia Correspondent

August 5, 2015

1 Min Read

Kalyakan - stock.adobe.com

In a filing to the stock exchange on Tuesday, CSC Phoenix, the bulk shipping arm of Sinotrans & CSC Group, said it has been informed by Shenzhen Stock Exchange on 31 July that the company’s shares will resume trading on 18 August this year.

Since completing its restructuring in September 2014, CSC Phoenix posted a 2014 full year net profit of RMB4.31bn ($694.32m), as against a loss of RMB4.51bn in 2013.

In the first half ended 30 June 2015, the company also booked a gain of RMB108.69m.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

Get the latest maritime news, analysis and more delivered to your inbox

Join 12,000+ members of the maritime community