UPS sees decline in Q2 and refuses further guidance over 'uncertainty'
US integrator UPS today reported a second-quarter drop in revenues and profits, but declined to ...
© Khunaspix Dreamstime.
A short article about Captain Wei Jiafu, the man whose vision, drive and ambition took Chinese shipping line Cosco into the premier league of global shipowners. The recession has not been kind to Cosco – overcapacity, weak demand and marginal freight rates have led to heavy losses in its container shipping division; while things are twice as bad for its dry bulk business. With the prospect of a possible de-listing from the Shanghai bourse mounting, shareholders are beginning to call for his head.
Comment on this article