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  1. Cosco earnings sink 40.4pc on lower rates

    Posted Apr 23rd 2009, 12:00am by Charlotte So

    ... rates for capesize vessels, those at more than 150,000 deadweight tonnes, peaked at US$233,988 per day on June 5 and plunged 99 per cent to US$2,316 on December 2 as demand for shipping dried up ... after hitting a record high on May 20. China Cosco operated 81 capesize vessels and 351 bulk ships of other classes as of the end of June. The decline in freight rates for bulk shipping helped ...

    http://www.scmp.com/article/677837/cosco-earnings-sink-404pc-lower-rates

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