You are here

O&M FALLOUT

Cosco Corp battered by Q4 loss of S$484m

cosco.jpg
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,...