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Cosco counts on fuel-efficient ships to cut costs, revive profits

Wed, Sep 24, 2014 - 12:00 AM

[BEIJING] China Cosco Holdings Co, the container shipping line that posted three annual operating losses, has said that adding more fuel-efficient vessels will help cut costs enough to revive profits amid a capacity glut.

"The ships need to be filled for the cost savings to be achieved,"...

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