Chinese bulker owner China’s Chang Jiang Shipping Group Phoenix (CSC Phoenix) forecasts at least $645m profit for 2014 after court restructuring ends.
Bulker owner CSC Phoenix, owned by Sinotrans & CSC, is expecting to log net earnings of around $645m for last year.
CSC Phoenix remains as a domestic operator of mostly handymax tonnage after being forced to give up much of its fleet to the parent company.
Dry Bulk Shipping News - Shipbroker Notes