COSCO shipping reports improved performance
COSCO Shipping Holdings Co. announced financial results for the twelve months ended December 31, 2017. The company returned to profitability with net profit reaching RMB 2.66 billion. COSCO Shipping Lines posted its shipping volumes increased by 23.7 per cent Y-O-Y to 20,913,746 teus. The total terminal throughput of COSCO Shipping Ports reached 100,202,185 teus, of which the total terminal throughput in overseas regions was 18,840,664 teus, representing a remarkable growth of 38.7 per cent year-on-year.