Cosco Shipping International profits weighed by coating business

Cosco Shipping International profits weighed by coating business
Cichen Shen 24 Aug 2018

Cosco’s shipping service unit saw net profit down 9%, affected by losses from its coating joint venture with Jotun A/S. It marine insurance and spare parts business also recorded reduced segment profits

Hong Kong-listed company has painted a challenging picture for the markets going forward, saying it is facing cost pressure from shipping firms ...

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