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  • April 20, 2014
  • Last updated: 9:31pm
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  1. Business - Companies - SHIPPING

    Asset sales offer Cosco one method to avoid delisting

    Posted Aug 01st 2013, 12:00am by Reuters

    ... of the past six years, which has put a lot of pressure on their [profit and loss] and balance sheets," Ross said. Cosco Group, parent of Cosco Holdings, last month replaced its chairman Wei Jiafu, a prominent figure in the shipping industry who was known as Captain Wei. Shares in China Cosco Holdings have fallen 14.5 per cent this year, compared with a 3.1 per cent drop in the Hang ...

  2. Business - Companies - SHIPPING

    Sinotrans sees shipping recovery as profit increases

    Posted Aug 23rd 2013, 12:00am by Charlotte So

    ... is providing the domestic logistics knowhow to them," said Gao Wei, a spokesman for Sinotrans. "We want to provide the logistics solution on the international legs as well which ...

  3. Business - China Business - SHIPPING

    Poor results sink shares of China Cosco, CSCL as industry suffers

    Posted Aug 31st 2012, 12:00am by Keith Wallis

    ... from the same period a year earlier, despite a 9.6 per cent increase in revenue to 15.3 billion yuan. China Cosco chairman Wei Jiafu said "the shipping industry is facing a very long ... recovery" towards the end of the year, Wei said at a results briefing yesterday. He avoided direct questions about when the shipping sector could see a sustained recovery. Wan Min, Cosco Container ...

  4. Business - China Business - SHIPPING

    Dry-bulk shipping sector faces worst crisis in years

    Posted Sep 24th 2012, 12:00am by Keith Wallis

    ... such as cement and specialist steels, would not recover until 2016 or after. About 38 per cent, including Cosco chairman Wei Jiafu, thought the recovery would take place in 2015. Of those polled ...

  5. Business - China Business - SHIPPING

    Shipping giant Cosco charts seas of red ink

    Posted Nov 24th 2012, 12:00am by Keith Wallis

    ... if it reported a third year of losses in 2013. She suggested the only positive option was for China Cosco to sell its dry bulk operation back to the parent Cosco. Cosco executives, including chairman Wei ...



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