Shanghai-listed Cosco Shipping Specialised Carriers has posted a sharp fall in net profit for 2016 compared to the previous financial year due to the sluggish shipping market.
Shanghai-listed Cosco Shipping Company Limited (Coscol) has been hit by a sharp plunge in profit for the third quarter compared to the year-ago period.
Cosco Shipping Company Limited (Coscol) has converted three existing shipbuilding contracts at Shanghai Shipyard to ice-class multipurpose vessels from heavy lift vessels.
Germany’s heavylift specialist Rickmers-Linie and the National Shipping Company of Saudi Arabia (Bahri) have entered into a space charter agreement covering the US to the Red Sea and the Middle East.
Cosco Shipping Company Limited (Coscol) saw its first quarter profit virtually erased as the company cited a difficult operating environment in the global shipping market.