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O&M FALLOUT

Cosco Corp battered by Q4 loss of S$484m

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Mainboard-listed Chinese shipbuilder Cosco Corporation (Singapore) unveiled a massive S$484 million loss for its fourth quarter, dragging full-year losses to S$570 million.

Singapore

MAINBOARD-listed Chinese shipbuilder Cosco Corporation (Singapore) unveiled a massive S$484 million loss for its fourth quarter, dragging full-year losses to S$570 million.

The size of the loss, due to allowances for impairment and write-offs on offshore-related orders,

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