Cosco Shipping Energy Transportation (CSET), the tanker arm of state giant China Cosco Shipping Corp, slumped into a deep loss for the first nine months of this year with weak spot earnings.
The Shanghai- and Hong Kong-listed company recorded net losses of CNY 268.3m ($38.5m) in the nine months, compared with net profits of CNY 1.25bn during the same period of 2017.
