Marine Link
Sunday, September 25, 2016

China Shipping Buys 14 Bulk Ships After Profit Jump

August 19, 2010

According to an August 18 report from Bloomberg, China Shipping Development Co., part of China’s second-biggest sea-cargo group, ordered 14 dry-bulk ships after rebounding rates helped it report a 60% jump in first-half profit. The company will pay $424m for the vessels, according to a Shanghai Stock Exchange statement today. The shipping line said late yesterday that first-half net income rose to $144m from $90.2m a year earlier. The result was in line with analysts’ estimates.

(Source: Bloomberg)



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News