Cosco Shipping International has gone back into the black for the second quarter on the back of earnings from Cogent, a Singaporean logistic business bought in March.

The Singapore-listed company reported net income attributable to shareholders of SGD 2.5m ($1.82m) versus a SGD 33.3m loss in the same period in 2017.

Cosco's revenue came in at SGD 40m versus SGD 10.8m