China shipping behemoth China Cosco continued to struggle in the first quarter turning in a net loss of RMB1.88bn ($300m) although this was a slight improvement from the RMB1.99bn loss incurred in the preceding quarter. Revenue however fell to...
Beleaguered China Cosco has dodged the bullet for this year at least, with a successful application to be dropped from the delisting watchlist of the Shanghai Stock Exchange.
Cosco International Holdings, the Hong Kong-listed shipping services arm of the massive Cosco Group, saw net profit fall by a third last year to HKD241.6m ($31.1m) from HKD363.0m previously. Factors such as the prolonged weak shipping market...
Cosco has announced the firming of two options for platform supply vessels (PSVs) at its Guangdong Shipyard, totalling $60m.
Cosco Shipyard Group (CSG) has announced a $57m contract for two livestock carriers for its Guangdong Shipyard.