China Shipping widens quarterly loss tenfold to US$229 million

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CHINA Shipping Container Lines widened its first quarter year-on-year loss tenfold to CNY1.5 billion (US$229 million), compared with the CNY146.1 million the country's second biggest carrier lost last year.

First quarter revenue fell 1.1 per cent to CNY6.4 billion year on year while operating costs increased 15 per cent to CYN7.7 billion, the company revealed in a statement to the Hong Kong stock exchange.

Shipping Gazette - Daily Shipping News
 

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