Cosco Shipping Energy Transportation (CSET), the tanker arm of state conglomerate China Cosco Shipping, has forecast stronger first-half results on better performances of its crude and LNG shipping divisions.
Unaudited results showed net profit of the Shanghai- and Hong Kong-listed company ranged between CNY 440m ($63.9m) and CNY 500m in the opening six months of 2019, compared with net loss of 216m in the same period of 2018.
