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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.

The massive deficit stresses the significantly poor operating results of Cosco's container and dry bulk activities.

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