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Cosco Shipping Holdings posts stronger than anticipated earnings

Goldman Sachs expects the better than expected performance was driven by the depreciation of yuan against US dollars since April

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Net profit in the second quarter was estimated at about 9.5bn yuan ($1.3bn) beating analysts’ forecasts, as spot freight rates on the east-west main lanes were generally weaker than levels in January-March

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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