News / Subsidies from China keeping ambitious Cosco in calm financial waters

03/04/2019

Cosco Shipping’s $251m net profit last year was largely thanks to $230m of subsidies from the Chinese government, according to Alphaliner.

The consultant said the financial aid included $122m for vessel demolition and $107m in “other unspecified government subsidies”.

Alphaliner said that since 2010, parent organisation Cosco ...

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Gary Ferrulli
April 03, 2019 at 3:40 pm
That doesn’t count the $26.5 Billion China has committed to COSCO between 2016 and 2020, and another $26.5 Billion between 2021 and 2015.

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