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Cosco Shipping expects better 2017 as Hanjin collapse pushes up rates

Published Tue, Sep 20, 2016 · 09:50 PM
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Shanghai

AMID the unravelling of South Korea's Hanjin Shipping, shippers are looking for more robust alternatives, and freight rates are rising - all potentially good news for rivals such as China Cosco Shipping Corp.

Sun Jiakang, executive vice-president of China's biggest shipping company, said on Monday that rates had risen in the last month - a boost that should l…

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