Cosco Shipping locked in deficit spiral
The shipping division with the Chinese major player Cosco Group has not done much to alleviate the troubles for the group. Following the first half of 2013, Cosco Shipping can present a deficit of 78 million yen (12.7 USD). That is triple the amount of the same period last year, which saw the company suffer a 23.6 Chinese yen deficit, writes SinoShip News.
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