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Cosco had a 2013 operating loss of more than USD 1.1 billion

If not for USD 1.5 billion in one-off item profits from the sale of assets to its parent company, China's largest state-owned shipping group would have been de-listed from the Shanghai Stock Exchange.

China Cosco would have lost around USD 1.1 billion in 2013 if the giant Chinese shipping group conglomerate had not - according to Alphaliner - divested assets for USD 1.3 billion in various related party transactions over the past year.

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