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China Shipping Development posts HK$1.16b loss on weak global economy

China Shipping Development, an oil and bulk cargo carrier, said it had a first half net loss of 923 million yuan (HK$1.16 billion), dented by a sustained downturn in the domestic and overseas shipping markets amid a weak global economy.

20 Jul 2018 - 2:51PM

China Shipping Development, an oil and bulk cargo carrier, said it had a first half net loss of 923 million yuan (HK$1.16 billion), dented by a sustained downturn in the domestic and overseas shipping markets amid a weak global economy.

China Shipping Development posts HK$1.16b loss on weak global economy