Container

Cosco projects huge slide in net profit for Q1

Chinese container major Cosco Shipping Holdings expects to see its net profit plunge by almost 75 percent in Q1. Meanwhile, Cosco-subsidiary OOCL reports lower revenue and volumes for the period.
Photo: Pr / Oocl
Photo: Pr / Oocl
by DANIEL LOGAN BERG-MUNCH

Tumbling container freight rates and low demand into 2023 will pull Chinese Cosco Shipping Holdings down hard in the first three months of the year.

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