Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

COSCO bets wrong way on FFAs, loses 4bn yuan

Hong Kong: China COSCO Holdings was up 0.02 yuan at 8.80 in Shanghai yesterday. The stock tumbled 5.18% on Wednesday after booking a loss of 3.95bn yuan from forward freight agreements signed earlier this year. The company has said the outlook for the final quarter of this year was "very tough". [18/12/08]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.