Box volume recovery may not last, says Cosco ports chief
Company chairman Feng Boming says cargo being shipped now was ordered before the virus outbreak and will drain in May. He urges shipping companies to find quick and effective solutions, including cost reduction, to tackle the possible shrink in revenue
Hong Kong-listed Cosco Shipping Ports recorded $308m net profits for 2019, down 5.1% from 2018, while total throughput rose 5.5% to 123.8m teu
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