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News / Cosco sails back into the black as rate improvements help boost revenue

© Vladimir Serebryanskiy_cosco 80073176
© Vladimir Serebryanskiy
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Chinese shipping giant Cosco Shipping Holdings today reported a 35% year-on-year increase in revenue for the third quarter as sit swung back into the black.

It also announced plans to raise almost $2bn through a share placement.

The company said the new funds would be used to ...

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