Coscoreturned to the red this week with a first quarter deficit having recorded anarrow profit in 2013 amid delisting pressure in Shanghai.
The giant shipowner on Tuesday recorded aCNY 1.88bn ($300.55m) reversal in the first quarter of 2014, a fractionalimprovement on the CNY 1.99bn loss at the stage in 2013.
Corrine Png of JP Morgan says the firstquarter was weak and hindered by a loss on the scrapping of 16 vessels.
