Last week it was confirmed that the Chinese state controlledowner would be delisted after racking up four straight annual losses.
However the company cut its first quarter deficit to CNY 255.5m($41m) from CNY 359.4m for the corresponding period a year earlier.
The reduction was down to a drop in costs as sales droppedby 13% to CNY 1.67bn from CNY 1.91bn.
CSC Nanjing, part of the Sinotrans & CSC group, posted ahuge CNY 5.9bn ($952m) deficit in 2013.
The company's fleet consists mainly of products tankers, butit also owns 14 VLCCs, a suezmax and LPG vessels.
