Chinese bulker owner Cosco Shipping International has seen profit improve from continuing operations in the third quarter.

The company said net earnings were SGD 2.2m ($1.6m), against SGD 19.43m in 2017, but last year's figure was boosted by an SGD 23.6m gain from selling its shipyard business.

Revenue jumped 502% to SGD 42.2m as it added logistics businesses.