Today's Date:
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1/25/2013
China Cosco says expects huge loss for 2012
China Cosco Holdings Co Ltd, operator of the world's largest bulk cargo fleet, said that it expects to post a huge loss for the full year 2012.
"Even though prices in the cargo market have recovered, the overall levels are still not ideal. The dry bulk cargo market is also still sluggish," it said in a statement posted on the Shanghai stock exchange. (Reuters) |
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