Cosco Shipping Holdings is the latest container ship owner to forecast a massive leap in full-year profit on the back of the red-hot liner markets.

The Hong Kong-listed company said it expects to post a full-year profit of CNY 89.3bn ($14.1bn) for 2021 versus the CNY 9.9bn achieved 12 months ago, according to a regulatory filing.

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The strong result came despite the shipowner carrying only 2.15%