Report: Cosco falsified financial reports

Cosco Group has allegedly falsified its earnings reports published in the period 2008 to 2013, according to anew report from the Chinese authorities.

by DANIEL LOGAN

China's biggest shipping conglomerate, Cosco Group, has deleted a sum of USD 48 million from the company's revenue in the period 2008 to 2013, according to a new investigation performed by the country's National Audit Office, reports Seatrade Global.

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Report: Cosco falsified financial reports

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Chinese anti-graft watchdog will look into carriers

Why Maersk was fined by China for distorting competition

Cosco orders nine ultra-large vessels

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

MSC chosen as strategic partner for ailing Spanish rail freight company

Seven Seas: Customers' green ambitions and actions don't align

Royal Arctic Line's chief executive steps down

Jobs