Shanghai-listed China Shipping Haisheng is anticipating a net loss for the first half of 2012 due to the weak shipping market of low rates and overtonnage.
The unit of China Shipping Group did not reveal a potential net loss amount. The company had recorded a net profit of RMB26.53m ($4.16m) in the first half of 2011.
Haisheng operates a fleet of dry bulk carriers and oil and chemical tankers.
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