With billions to burn, shipping lines fear nothing in H2 25
‘In the name of share’
© Vladimir Serebryanskiy
By Alex Lennane
Another staggering loss in container shipping. This time it’s Cosco, with a fairly significant $1.44bn loss for 2016. And yes, the company blamed low freight rates, as well as restructuring costs. Last year, Cosco merged with China Shipping and has been busy restructuring, selling parts and focusing on container shipping. As with the other lines, it predicts better results this year.
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