Cosco Shipping expects better 2017 as Hanjin collapse pushes up rates
Wed, Sep 21, 2016 - 5:50 AM
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...