COSCO Shipping Holdings reported 3Q 2017 revenues that rose 27% on a year earlier, though the 3% rise on the prior quarter tells a truer story of its underlying performance. For context that is inline with the 2.5% rise expected by analysts for the container-line sector. The company’s gross profit margin also improved to 8.0% from negative 3.0% a year earlier. That’s down from 9.7% in the prior quarter due to higher bunker fuel costs, and has some way to go to catch the sector average 11.0%. The performance is enough though to allow the group to raise 12.9 billion yuan ($1.9 billion) of ...