COSCO aims to consolidate freight units
By Randy Fabi | China Daily | Updated: 2011-09-02 08:00
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 |
Country's top shipping company restructures amid payment disputes
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