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COSCO expects lower Q1 earnings

Dwindling global trade may have impacted profitability at COSCO Shipping.

COSCO unit cancels orders for eight vessels

A unit of China COSCO Holdings Co has canceled a US$299 million order for eight vessels as the global recession cut the shipping company's profit.

Choppy winds ahead for COSCO

Falling business and a gross misjudgment of freight rate movements have dealt a double blow to China's COSCO Holdings (COSCO), threatening to plunge the world's largest dry bulk carrier deep into the red.

Shipping service to be suspended

China Cosco Holdings Co and partners will suspend a weekly Asia-East Mediterranean container-shipping service from tomorrow because of slumping demand, Lloyd's List said yesterday.

COSCO Shipping reports 41% growth in revenue

Shanghai-listed COSCO Shipping Co., Ltd. announced on Wednesday that business revenue in the first half was up 41 percent over the same 2007 period to 3.46 billion yuan (505.1 billion U.S. dollars), with net profits at 853.05 million yuan.