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Cosco Shipping projects USD 1.5 billion loss

Chinese container carrier Cosco Shipping has published its preliminary annual report for 2016, and the company projects a loss of around 10 billion yuan, or USD 1.5 billion for the full year.

Photo: PR-foto

BY RITZAU FINANS

Cosco Shipping expects a deficit of 9.9 billion yuan, or around USD 1.5 billion, for 2016, informs the Chinese carrier, according to Bloomberg.

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