Cosco Shipping units cheered by profit surge
Shining financial performance has been mainly attributed to a successful acquisition of OOIL, operational efforts to mitigate impact from the China-US trade war or strengthened oil shipping freight rates in the second half of last year. However, details remain to emerge in the full financial reports to be published in March
Both the state conglomerate’s boxship and tanker units see net profits jump sharply in 2019 compared to the previous year
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