OOCL gains market share in Q1, with 'very strong' financials unveiled by Cosco
Volumes carried by Cosco-owned container line OOCL in the first quarter soared, compared with the ...
Israeli carrier Zim Line has been obliged to add a “going concern” qualification – confirmation that the company will continue trading to its third-quarter financial statement released on Saturday.
The addition, no doubt required by the company’s auditors, follows two weeks of tough talks with creditors to write-off half of the embattled carrier’s $2.4bn debt.
Zim said it had been required to reclassify some $1.5bn of long-term debt to short-term debt, but added that it was “on the verge of signing” an ...
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