Finance
Cosco’s Profit Drops by Half as Lower Freight Rates Bite
Cosco Shipping Holdings Co. reported a 50% drop in first-quarter profit on weaker freight rates, warning that war in the Middle East has posed “significant challenges” for the industry.
B
Bloomberg
April 29, 2026·1 min read
Image: Bloomberg
Cosco Shipping Holdings Co. reported a 50% drop in first-quarter profit on weaker freight rates, warning that war in the Middle East has posed “significant challenges” for the industry.
Original article
Cosco’s Profit Drops by Half as Lower Freight Rates Bite
Published by Bloomberg