If proof of an East-West split in liner shipping were needed, then Cosco Shipping Holdings perhaps helps to provide it.

The Chinese container shipping giant is celebrating its best-ever results with annual profit up by more than 26% to a staggering CNY 131.4bn ($19.2bn) for 2022.

Some 50% of the profit attributable to shareholders will be paid out in the form of a chunky $7.9bn