Cosco starts China’s first full intermodal service for vehicle exports
Cosco Shipping Lines has launched China’s first complete vehicle export intermodal route. Last week, in two ...
Cosco Shipping has announced a 42% hike in profits for the six months to June and challenged suggestions that it has gone to excess in its pursuit of OOCL. According to Splash 24/7, Cosco chairman Huang Xiaowen said the $6.3bn bid for the Hong Kong-based carrier was not overpriced, but would provide heightened operational efficiency and brilliant brand values. Mr Xiaowen was speaking during an earnings call, which revealed first half profits had topped $26.3m on the back of a 49% bounce in revenues to $485.6m.
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