China Merchants Energy Shipping, part of state conglomerate China Merchants Group, has recorded weaker net results for the first nine months of the year.
Lower tanker earnings more than offsetting higher income from dry bulk shipping.
The Shanghai-listed company—one of the world’s largest owners of VLCCs and VLOCs—posted net profit of CNY 439.9m ($63.2m) for the nine months, down 47.9%
