China Shipping Container Lines Co Ltd said it expected to post a profit for 2010 from a loss in the previous year thanks to a gradual recovery of the global economy and restorative growth in the shipping industry.

In a filing with the Hong Kong bourse, CSCL said it expected to post a profit for 2010 compared with loss of 6.49 billion yuan ($986 million) attributable to equity holders in 2009. (Reuters)