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CMES net profits expected to double for 2018

The Chinese state giant, which owns one of the world’s largest VLOC and VLCC fleets, predicts its net profit for last year will surge perhaps by more than 100%, helped by acquisitions, deliveries of new valemax ore carriers and improved VLCC earnings

Net profits were forecast to increase 84%-104% from the year before to Yuan1.1bn ($162m)-Yuan1.2bn

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