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COSCO aims to consolidate freight units

By Randy Fabi | China Daily | Updated: 2011-09-02 08:00

COSCO aims to consolidate freight units

A China Ocean Shipping Group Co (COSCO) container at a shipping terminal in Tokyo. COSCO's decision in the last few weeks to unilaterally halt payments for ships it has chartered has diminished the company's reputation in the maritime industry. Tomohiro Ohsumi / Bloomberg

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COSCO aims to consolidate freight units

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