CMES forecasts up to 248% profit surge on tanker super-cycle
AI Summary
China's largest shipping company forecasts up to a 248% profit surge driven by a tanker super-cycle amid geopolitical disruptions while dry bulk markets are recovering. The forecast reflects robust shipping demand and market dynamics.
China's largest shipping group expects first-half earnings to more than triple as geopolitical disruption boosts tanker returns while dry bulk markets continue to recover.