The China Shipping Group company said in a regulatory filing that operatingearnings should be between CNY 50m and CNY 60m ($9.66m) to 31 March.
This compares to a loss of CNY 484.2m ($78.5m) in the sameperiod of 2013.
It said tanker and bulker markets have rebounded and it hasstrengthened cost controls, especially with regards to fuel, repairs and wages.
The company lost CNY 2.2bn
