Cosco Shipping returns to black in Q3

Chinese carrier Cosco Shipping delivered a positive bottom line for the third quarter 2017 compared to a massive deficit last year, though the company's results for the first nine months remain deep in the red.
Photo: PR-foto/Hamburg Hafen Marketing Association
Photo: PR-foto/Hamburg Hafen Marketing Association

State-owned Chinese carrier Cosco Shipping achieved a positive bottom line in this year's third quarter, a huge improvement from a deficit last year. But looking at the first three quarters this year, the carrier is still deep in the red.

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