ShippingWatch

More fire sales ahead for Cosco

According to Financial Times, there are clear expectations in the market that China's major shipping group Cosco will continue its fire sales in an effort to avoid being humiliated at the stock exchange.

More asset fire sales on the way from China Cosco Holdings. In the last two months, China's biggest shipping group has been selling off assets in its share of container factory China International Marine Containers, for USD 1.2 billion, and Cosco has also announced plans to sell Cosco Logistics, in both cases to the parent company, in an effort to avoid the major embarrassment of having the company's shares delisted on the Shanghai and Hong Kong stock exchanges after several consecutive years with major deficits.

Hard-pressed COSCO attempts rate hike

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs