China Merchants Shipping reported 1H revenue of 19.651 bln yuan, up 56.15% YoY,
and net profit attributable to shareholders of 6.96 bln yuan, up 227.57% YoY;
basic EPS 0.86 yuan. The company proposed a cash dividend of 1.3 yuan per 10
shares (including tax). Management said results were mainly driven by a sharp
rise in tanker freight rates and a recovery in dry-bulk and breakbulk markets;
ro-ro and LNG revenues increased about 309 mln yuan as newbuilds entered
service.
