Cosco Shipping Development Co.’s third-quarter net profit nearly doubled from a year earlier on rising demand for container manufacturing and higher contributions from investment services. The Shanghai-based shipping company posted net profit of 1.57 billion yuan ($245.1 million) in the quarter, up 91% on year, it said. Revenue rose 117% to CNY10.62 billion. In the …
The post Cosco Shipping Development’s 3Q Profit Soared on Container Demand first appeared on Hellenic Shipping News Worldwide.