26/01/2015at 11:08

Cosco in black following three deficit years

Chinese shipping conglomerate Cosco achieved a positive result in 2014 following three consecutive deficit years, according to Reuters.

BY KATRINE GRØNVALD RAUN

Three deficit years are now in the past for Chinese shipping conglomerate Cosco as the carrier finished 2014 with a USD 809.26 million profit on the bottom line, says Chairman Ma Zehua in an interview with Chinese news agency Xinhua, according to Reuters.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Cosco receives giant state loan for newbuildings
For subscribers
Cosco scraps more ships as part of fleet renewal
For subscribers
Cosco: Two years until shipping starts to improve
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Logistics

Maersk chair on investor criticism: "I get the feeling that ATP also will ask about it next year"

Denmark’s largest pension fund wants greater insight into how Maersk will make money from logistics. There are limitations to transparency, chair says.

For subscribers

Foto: Marvin Ibo G'ng'r/AP/Ritzau Scanpix

Logistics

Media: Divestment of DB Schenker unlikely to finish before 2024

For subscribers

Joe Nielsen, partner at A.P. Møller Capital. | Foto: A.p. Møller Capital

Logistics

APM Capital acquires South African logistics company

For subscribers

Suppliers

DNV expects continuation of strong growth in 2023 after record-breaking 2022

For subscribers

Tanker

Major stakeholder sells off Torm shares after share rally

Carriers

Weco Shipping lands yet another record profit: "It has been a great year"

For subscribers

Maersk chair on investor criticism: "I get the feeling that ATP also will ask about it next year"

Denmark’s largest pension fund wants greater insight into how Maersk will make money from logistics. There are limitations to transparency, chair says.

For subscribers

Carriers

Weco Shipping lands yet another record profit: "It has been a great year"

The group, which is owned by the Danish baron Johan Wedell-Wedellsborg, has managed to double its bottom line in 2022.

For subscribers

Logistics

APM Capital acquires South African logistics company

A.P. Moller Holding’s investment company eyes growth potential in the African logistics operator, which has specialized in storing and transporting refrigerated food products.

For subscribers