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Cosco Profits Double, But US Sanctions and Competition Pose Significant Threats
Cosco, the world's largest shipping group, doubled its 2024 profits to $6.9 billion but faces potential losses due to proposed US port fees targeting Chinese-linked ships, increased competition from Western rivals following the sale of CK Hutchison's port network, and the risk of further US sanction...
Cosco Profits Double, But US Sanctions and Competition Pose Significant Threats
Cosco, the world's largest shipping group, doubled its 2024 profits to $6.9 billion but faces potential losses due to proposed US port fees targeting Chinese-linked ships, increased competition from Western rivals following the sale of CK Hutchison's port network, and the risk of further US sanction...
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