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CS Haisheng predicts profit for first three quarters of 2013CS Haisheng predicts profit for first three quarters of 2013

Chinese shipping firm CS Haisheng has projected a profit of RMB77.46m ($12.65m) for its first three quarters of 2013, reversing from a loss of RMB170.99m in the previous corresponding period.

Lee Hong Liang, Asia Correspondent

October 10, 2013

1 Min Read
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The Shanghai-listed firm attributed the expected gains to a one-off investment returns of RMB26.45m.

CS Haisheng has also proactively controlled its expenditures through streamlining its operations and reducing fuel bills, paving the way to a profitable January to September period.

CS Haisheng operates a fleet consisting largely of dry bulk carriers and a handful of chemical tankers and product tankers.

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dry bulk shipping

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.

 

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