Cosco Shipping International's marine revenue grew in the first quarter thanks to an additional bulker in operation.
The Singapore-listed owner chartered in an extra ship in the period, pushing revenue up 14% from SGD 3.6m ($2.59m) to SGD 4.1m.
Group net profit was SGD 2.94m, up from SGD 2.87bn in 2018, but overall revenue declined to SGD 39.01m from SGD 40.64m.
