Cosco predicts first quarter profit rebound after huge 2016 loss

Rising rates and container volumes have lifted Cosco Shipping’s first quarter earnings. Fresh from reporting a 2016 net loss of $1.4 billion, Cosco Shipping Holdings has issued a positive profit alert for the first quarter of 2017 as freight rates rose during the three months with a surge in the volume… Source: http://www.joc.com

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