Cosco

26 Jan

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

  • By: Bangladesh Ship Supply
  • Blog
  • 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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