ArcelorMittal's sale of a controlling share in Global Chartering Ltd (GCL) to Peter Livanos-controlled DryLog has turned the steel and mining giant's shipping business from a negative to a positive in its results.
In the first full year after the sale, shipping turned in $6m towards ArcelorMittal's 2020 operating profit.
That is a sliver of the world's largest steel maker's total operating profit of $2.11bn,
