China Cosco Posts Wider Loss as Shipping Glut Damp Freight Rates

China Cosco Posts Wider Loss as Shipping Glut Damp Freight Rates

Jerome Favre/Bloomberg

China Cosco, which also has a logistics business and a stake in container-terminal operator Cosco Pacific Ltd., fell 1.6 percent to HK$3.15 in Hong Kong yesterday before the earnings release.