Cosco holed on bottom line

Cosco suffered a significant full-year net loss of S$570 million ($407.4 million) as a newbuilding contract famine combined with writedowns holed the bottom line of the Chinese fabrication group.

Orders dearth: for Cosco yard group
Orders dearth: for Cosco yard group
Published 15 February 2016, 10:46Updated 18 October 2016, 05:01
Asia & Oceania