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Cosco sees huge jump in profits in the first half of the year

Like many of its competitors, the world's fourth-largest container carrier, Cosco, has achieved explosive revenue and earnings growth in the first half of the year.

Photo: PR / Cosco Shipping

The bottom line at Chinese container carrier Cosco, the fourth largest in the world, sees tremendous growth on the heels of a rate boom.

Higher freight rates and more cargo volumes have benefited the carrier, which has achieved significant revenue growth and huge increases on the bottom line.

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