China’s state-owned tanker and LNG carrier group Cosco Shipping Energy Transportation (CSET) is braced for a sharp reversal in earnings.
The company says it expects to lose CNY 210m ($30.94m) to CNY280m ($41.26m) in the first half of 2018 after being impacted by the tough crude oil shipping market.
The deficit compares with net income of CNY 851.6m
