Cosco Pacific saw profits decline

Chinese containergiant Cosco's port business Cosco Pacific achieved a smaller profit in the 1st half of of the year.

Published: 27.08.13 at 15:13

Chinese Cosco Pacific achieved a net result of USD 144 million in the first half of the year, down 3.6 percent compared to the same period 2012, according to Cosco Pacific's interim report for the first half of 2013, published Tuesday.

The decline is attributed to rising costs combined with a prolonged dockers' strike at the company's Hong Kong terminal.

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

Start a free company trial today

"The challenges we face as an industry require more skills and competencies"

Foto: Lucy Nicholson/Reuters/Ritzau Scanpix

They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.

Leading shippers prepared to pay 10% extra for sustainable transportation

Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.