Cosco posts $1.7bn loss

CHINA Cosco Holdings limped out of 2011 with the biggest yearly loss yet reported in the shipping industry, haemorrhaging Yuan10.5bn ($1.7bn), compared with profits of Yuan6.8bn in 2010.The only comparable loss was the $1bn in red ink...

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Mega ship orders keep rolling in as Cosco lines up for 20,000 teu vessels and Maersk adds nine 14,00 teu ships

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