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Cosco Shipping expects better 2017 as Hanjin collapse pushes up rates

Wednesday, September 21, 2016 - 05:50

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Cosco Shipping itself is among the most indebted of the global shipping firms, but it is also one of China's largest state-owned firms, employing 330,000 people.

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

sentifi.com

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