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.
Transportation
Chinese shipping profits surge across industry on capacity squeeze
COSCO, Sinotrans and port operators ride high while airlines left behind
COSCO Shipping Holdings saw its profits soar by a factor of 32 in the first half of 2021 to 37.09 billion yuan. © Reuters
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