Restructured Chinese owner CSC Phoenix

Restructured Chinese owner CSC Phoenix, bulker company, part of the state-controlled Sinotrans & CSC group, said it should log net earnings of between CNY 4.31bn ($704m) and CNY 4.41bn to 30 September.
Restructured Chinese owner CSC Phoenix is expecting the boost after completing its bankruptcy restructuring at a court in Wuhan this month.
Restructured Chinese owner CSC Phoenix survived legal action from creditor banks and the auction of some of its vessels.
Restructured Chinese owner CSC Phoenix controlling 54 ships, including a handful of general cargoships.