China's CSCL has posted its final loss as a containership operator.

The company transferred its fleet to sister company China Cosco Holdings Co at the end of February as part of the merger of China Shipping and Cosco that formed CoscoCS.

The net deficit to 31 March was CNY 859m ($132.47m), compared to a profit of CNY 685m in the same period of 2015.

Revenue