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Tag Archives: Sale of LBCT

Cosco made a $1 billion in profit in 2019

Shipping containers. One is visible with the word COSCO written on it

PortandTerminal.com, January 23, 2020 SHANGHAI – 2019 was a good year for Cosco despite the China/USA trade war. The company has forecast its profit for the full year to be $1 billion, which includes the sale of its Long Beach terminal. READ: Macquarie buys Long Beach Container Terminal from OOCL for $1.78 billion In April, Cosco’s Orient Overseas (International) Limited …

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