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Strong container market leads Cosco to believe in "marked growth" this year

Strong increases in volumes and freight rates boosted earnings and kept state-owned Chinese container line Cosco busy in the first quarter of the year. Routes on the Pacific particularly drive growth.

Photo: AP/Ritzau Scanpix

State-owned Chinese container line Cosco, the fourth largest in the world, saw a significant improvement in the first quarter of the year with marked increases in volumes on all the company's routes.

Cosco thus joins the group of other prominent container lines and logistics companies to benefit from a busy container market characterized by growing volumes and sky-high rates.

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