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News / COSCO back in the black, with a little help from its state friends

© Vladimir Serebryanskiy_cosco 80073176
© Vladimir Serebryanskiy
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COSCO Shipping posted a net profit of $264m in 2017, reversing a loss of $1.1bn in the previous year, as it targets a June date for closing the $6.3bn takeover of Orient Overseas International Lines (OOIL) and its container line arm, OOCL.

Turnover at the Chinese ...

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