News / Cosco's 'hard-won' slim profit in H1 boosted by its terminal business

© Vladimir Serebryanskiy

Cosco Shipping Holdings has reported a net profit of Rmb40.8m ($6m) for the half-year, but the result was skewed by the contribution from terminal business.

Chinese state-owned carrier Cosco saw liftings soar by 12.4% in the first half of this year, compared with 2017, to 11.2m teu, but revenue from liner services increased by only 1.3% to Rmb42.4bn.

Cosco said that the slim profit was “hard won” from an above-industry par performance and a contribution from the terminal business.

Cosco mainly blamed the rush in the delivery of ...