The tanker and boxship arms of giant Chinese state shipowning group China Cosco Shipping expect to post a combined profit of more than $1bn for 2019.
Cosco Shipping Energy Transpotation (CSET) said in a profit alert that it is forecasting net earnings for last year of between CNY 400m and CNY 480m ($69.5m), against CNY 75m in 2018.
The Shanghai- and Hong Kong-listed company has a fleet of 170 tankers and LNG carriers, including 19 on order.
