A warming global economy, containership consolidation and internal efforts pulled Cosco Shipping Holdings back into the black in 2017.
The world’s fourth largest container line banked net income of CNY 2.66bn ($423.1m) in 2017, stamping out a loss of CNY 9.9bn the previous year.
Cosco is set to jump up the liner rankings with the takeover of Orient Overseas Container Lines in 2018 and noted merger and acquisition activity had created stronger companies in the market.
