Cosco International revenues fall by 6.6%

Cosco International, the shipping services arm of state giant China Ocean Shipping, recorded a 6.6% year-on-year fall in profit to HK$258.4m($33.3m) in the first half of this year, weighed down by a significant drop in revenues amid industry woes.

  

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The Hong Kong-listed firm’s revenues were HK$4.5bn in the first six months, sharply lower than HK$5.7bn a year ago, according to its interim report.

“The company’s various shipping services businesses were affected to different degrees by the slowdown...

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