Carriers

Cosco heralds significant full-year deficit

One of Chinas biggest shipping group's, Cosco Corp., is now heralding a major deficit in the fourth quarter and a significant loss for the full-year 2015. The oil price and dry bulk sector are hurting the group's businesses.
by DANIEL LOGAN

Cosco Corp. is hit hard on virtually all fronts, and the group's board of directors is now warning of a significant net deficit in the fourth quarter 2015 and a negative result for the full year, informs state-owned Cosco Corp. in a brief statement on Wednesday.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs