HONG KONG -- Major Chinese and Hong Kong shipping groups logged record revenue and profit growth in the first half of the year, as tight capacity and a shortage of containers in key markets intersected with a disruption of operations at a number of major ports.
State-owned COSCO Shipping Holdings, the world's third-largest maritime carrier by capacity, said first-half revenue grew 88% on year to 139.26 billion yuan ($21.5 billion) while net profits soared by a factor of 32 to reach 37.09 billion yuan.
