A warming global economy, containership consolidation and internal efforts pulled Cosco Shipping Holdings back into the black in 2017. The world’s fourth largest container line banked net income of
Chinese shipowner Cosco returned to profit in 2017 with net income of CNY2.66bn ($423m) following the previous year’s CNY9.9bn loss. The company said it had a “strong and growing business segment” that included its China operations as well as Hong Kong, Singapore and India. In particular, reorganisation of routes helped it to expand the services it offered and improved its efficiency.