China Cosco hit by market overcapacity as it struggles to get back into black

China Cosco lost 9.56 billion yuan (HK$11.82 billion) in 2012, after a 10.50 billion yuan loss in 2011. Sales for 2012 rose 4.4 per cent year on year to 88.33 billion yuan.

via Business feed http://www.scmp.com/business/companies/article/1202187/china-cosco-hit-market-overcapacity-it-struggles-get-back-black