Published: July 29 2009 11:10 | Last updated: July 29 2009 11:57
China Cosco has warned that it expects to announce a loss for the first half of the year, in the latest sign of the dreadful market conditions facing container shipping companies.
Cosco, a Chinese state-controlled company that is listed in Hong Kong and Shanghai, said in a statement issued after markets closed on Tuesday that it expected to announce a substantial profit reduction for the first half.
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