Cosco's logistics firm to expand its network in uncertain year
Singapore-based logistics firm Cosco Shipping, a subsidiary of the Chinese major, makes an impairment of almost SGD 100m but expects to expand its network during an uncertain 2023.
by DANIEL LOGAN
Logistics company Cosco Shipping International was impacted by the declining freight market in the second half of last year, but 2023 offers new opportunities, according to the financial report.
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![”Simply put, there is too much value at stake by consolidating operations in global supply chains […] to let these stay fragmented,” CEO of Flexport Dave Clark comments. | Foto: Lindsey Wasson/Reuters/Ritzau Scanpix](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/15443496/e5kdk4/ALTERNATES/schema-4_3/Clark.jpg)
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