SINGAPORE (May 15): Cosco Shipping International (Singapore) Company, recorded earnings of $2.8 million for 1Q18 ended March compared to a loss of $78.9 million in 1Q17.

Group turnover for the logistics management service provider surged about 3.5 times to $40.6 million in 1Q18 compared to $11.4 million in 1Q17 mainly due to turnover of $32.1 million from newly acquired logistics businesses, offset by a decrease in shipping revenue from a reduced fleet of three bulk carriers.

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