China

21 Nov

China to build port in Myanmar, third in India's neighbourhood

  • By: Bangladesh Ship Supply
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IANS| Nov 09, 2018, 04.01 PM IST Myanmar Commerce Minister Dr Than Myint, right, shakes hands with Chinese Ambassador to Myanmar Hong Liang, center, and Chairman of CITIC Construction Chang Zhenming, left, after the Singing Ceremony of the Framework Agreement Kyauk Phyu Special Economic Zone Deep Sea Port Project between Kyauk Phyu Special Economic Zone Management […]

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26 Jan

Cosco warns investors to expect a $1.4 billion loss in 2016

  • By: Bangladesh Ship Supply
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  • Comments Off on Cosco warns investors to expect a $1.4 billion loss in 2016

Cosco Shipping Holdings has issued a profit warning on expectations that it will report a net loss of USD1.44 billion for 2016 as weak demand, low freight rates and rising costs weighed heavily on the carrier’s earnings. It is an ominous sign of what is to come as container lines prepare to release their financial […]

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