The Chinese giant pocketed a total of CNY 466.5m ($74.6m) for thesales during the three months to 31 March, a statement to the Hong Kong and Shanghai Stock Exchanges reveals.
However it will book a loss of CNY 793m from demolishing the 12 containerships and fourbulk carriers, it said.
The sales constitute over a third of the 41 ships the companypreviously declared it would shed in 2014 as part of its fleet renewal.
Cosco
