Cosco Shipping Energy Transportation (CSET), the tanker arm of state conglomerate China Cosco Shipping, has managed to eke out a small profit for 2018 due to strong recovery in tanker earnings towards year-end.
Having posted net losses of CNY 268.3m ($38.5m) in the first nine months of last year, the Shanghai- and Hong Kong-listed company expected its net profits to have ranged between CNY 80m and CNY 180m in 2018.
