GCTL8.com (FocusAsia Media Ltd)

BEIJING, Oct 28 (FAM) – COSCO Shipping Ports Ltd’s third quarter profit fell 52 per cent year on year to US$43.89 million drawn on revenues of $149.8 million, up 0.7 per cent.

Formerly known as Cosco Pacific, COSCO Shipping Ports is the terminal operator arm of China COSCO Shipping Corporation Ltd. (COSCOCS), the newly merged shipping conglomerate formed from state-run firms COSCO and China Shipping.