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China Shipping profit climbs

China Shipping profit climbs

   China Shipping Container Lines said its third quarter net profit attributable to equity holders was 2.15 billion yuan ($322 million), 211 percent more than in the same 2009 period.

   The carrier said operating income was 123.6 percent higher in the quarter when compared to the third quarter of 2009, “due to a significant increase in loaded container volumes and rebound in freight rates.