Haisheng warns of loss

China Shipping Haisheng expects to post a lower loss of CNY 90.6m ($14.6m) for the first half of 2014.

This compares to a deficit of CNY 129.9m in the same six months last year.

In 2013, the tanker and bulker owner returned to profit of CNY 18.23m, against a loss of CNY 372m the year before.

Revenue was up 2.51% to CNY 1.04bn.