Comment / Analysis: with OOCL buy, Cosco is growing, but it's also burning more cash

© Vladimir Serebryanskiy

China’s state-owned Cosco Shipping Holdings will likely reach record revenues of Rmb90bn ($13.5bn) this year, based on a nine-month performance that validates projections for 2017.

But, as it continues to grow the size of its business, so too its net leverage continues to rise.

Is that a good or a bad thing? And, what might it lead to?

Pre-OOCL deal

Even excluding the pending consolidation of Orient Overseas International (OOIL) and its container shipping arm, OOCL – which recently received the green light from ...