China Cosco exits first quarter with major deficit

The container business of newly merged Chinese shipping group Cosco/China Shipping suffered a major loss in the first three months of the year, particularly attributed to the sale of dry bulk activities as part of the large-scale merger.

by DANIEL LOGAN

Chinese container carrier China Cosco Holdings Co, part of newly merged shipping conglomerate Cosco China Shipping, finished the first quarter of the year with a significant deficit.

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