Carriers

Cosco delivers Q1 profit of roughly USD 6bn

China-based container carrier Cosco still benefits from sky-high rates and has just presented its best first-quarter result to date.
Photo: PR / Cosco Shipping
Photo: PR / Cosco Shipping
by KIM WIESENER

Cosco continues to bring in massive profits from its container business. In Q1, the Chinese container carrier’s operating profit (EBIT) is expected to be USD 6.17bn, according to interim financial figures.

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