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News / Another record quarter for Cosco, with more eye-watering results to come

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Cosco Shipping expects to post a net profit of $4.3bn for the first quarter of this year, following its $13.8bn surplus in 2021.

Indeed, Cosco’s preliminary results suggest that ocean carriers are set to cumulatively smash all records when all Q1 earnings are reported.

It will be ...

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  • Rajan K R

    April 09, 2022 at 4:45 am

    Obviously, when they take more than a month to process a simple COD and then collect storage/ ground rent charges for the period the container kept at port!

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