Coscol turns it round

Shanghai-listed Cosco Shipping Co (Coscol) has returned to profit in the first half of 2014, despite a slight fall in revenue.

The company said net earnings to 30 June were CNY 11.4m ($1.84m), against a net loss of CNY 78m in the same period a year ago.

Revenue was down 1.6% to CNY 3.6bn, however.

Shipping volumes in June rose 14.9% year-on-year to 1.3m tons

The company offers heavy-lift, liner, car transport and bulk shipping with its mixed fleet.