China Cosco Shipping’s energy shipping unit returned to the black for the first quarter, supported by firm VLCC rates and higher LNG earnings.
Shanghai and Hong Kong-listed Cosco Shipping Energy Transportation (CSET) has reported a net profit of CNY 428m ($63.6m) compared with a net loss of CNY 86.5m during the first quarter of 2018.
Revenues rose to CNY 3.85bn
