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 Shipping Holdings returned to profit in 2017 with net income of CNY2.66bn ($423m) following the previous year’s CNY9.9bn loss. The container line said its performance had been boosted by increased demand, internal changes and an improving global economy. In particular, reorganisation of routes helped it to expand the services it offered and improved its efficiency.