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Cosco Shipping expects better 2017 as Hanjin collapse pushes up rates

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.


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...

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