COSCO Group Among China State Firms That Falsified Revenue and Profit, Auditor Says
Some of China’s biggest state firms were found to have falsified revenue and profits, while some state lenders doled out loans to unqualified borrowers, the
Some of China’s biggest state firms were found to have falsified revenue and profits, while some state lenders doled out loans to unqualified borrowers, the
(Bloomberg) The global iron-ore market is set to tighten in the second half of the year as China imports more and produces less, according to the biggest
Shipbuilder COSCO Corporation Singapore Ltd on Thursday posted a 94 percent slide in first-quarter profit, and said weak oil prices makes a recovery in the
China Cosco said losses in its main dry bulk shipping business fell sharply in 2014 and its container shipping gross profit grew amid a still subdued global
Finnish marine power solutions provider Wärtsilä says it has been selected to supply 20 generating sets for five newbuild 14,500 TEU containerships being
China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on
The global shipping market is unlikely to see a recovery in the next two years due to continuing oversupply of vessels, the chairman of China's largest
A giant iron-ore freighter owned by Vale SA was allowed to dock at a Chinese port last week, Reuters data showed, the first since the Brazilian miner signed
China has given four shipping lines including China Cosco 1.8 billion yuan ($293.3 million) in subsidies to encourage them to retire and upgrade their vessels,
China COSCO’s fleet upgrade program continues today with an order for ten more bulk carriers including six of 81,600 dwt and four of 208,000 dwt. The
China Cosco Holdings Co., the container shipping line that posted three annual operating losses, said adding more fuel-efficient vessels will help cut costs
China COSCO Holdings says it has entered into newbuilding contracts with CSSC's Changxing Shipbuilding for the construction of five 14,500 TEU containerships
n the end, the answer to Brazilian miner Vale's Chinese shipping problem turned out to be in the problem
Brazilian miner Vale SA reached a deal with China Ocean Shipping Co (Cosco) for transporting iron ore, a move that could help the Brazilian miner resolve a
China published a set of guidelines to support and develop its shipping industry on Wednesday, sending shares in shipping firms such as China COSCO and China
China COSCO Holdings Co Ltd said on Friday that it would be tough to escape a loss in 2014, but said the shipping market's outlook was improving in the second
The tide may be turning for state-backed shipping company China COSCO Holdings Co Ltd as a slower influx of new vessels and an uptick in global trade begin to
COSCO announced a heap of new orders today including two new 64,000 ton dwt bulk carriers and four subsea supply vessels at their Zhoushan and Dalian yards,
Last weekend, Shanghai Shipyard delivered the new 28,000 DWT heavy lift vessel MV DA DE to COSCO Shipping, adding to their five other vessels of similar type.
COSCO-owned shipyards won $300 million in newbuild orders today from European and Asian shipowners to build one accommodation barge and seven bulk carriers.
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