China Merchants Energy Shipping provided earnings guidance for the year 2014. The company expects that net profit for 2014 would hit about CNY 200 million. It mainly attributed the profit to rebound in the international oil tanker market, increased cash managed and investment yields, as well as dropped cost rooted from depreciation of old carriers and VLCCs.
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- China Merchants Energy Shipping Co., Ltd. Provides Earnings Guidance for the Year 2014