|
| Home - News Room |
| China crisis |
|---|
| PostTime:2010-03-09 07:36:42.0 View:24 |
| Tanker owner China Merchants Energy Shipping (CMES) has posted a 72.2% drop in 2009 profit. The company said it made CNY 343m ($50.2m) last year. In a brief statement, it told the Shanghai Stock Exchange that total assets stood at CNY 14.7bn. Revenue was down 42% to CNY 1.86bn. CMES is a joint venture between China Merchants, China Petrochemical Corp, Sinochem, Cosco and China National Offshore Oil Corp (CNOOC). It has five VLCCs, two aframax tankers and three capesize bulkers on order at Dalian Shipyard. Another two 180,000-dwt bulkers have been booked at a Qingdao-based yard. |
| Source:Tradewinds Author: Gary Dixon in London |
| © All rights reserved. |
|