FYI
"China's top two carriers — China Shipping Container Lines (CSCL) and China Cosco — rode a wave of container traffic growth, but only one of them made a profit. While the improved business climate lifted CSCL into profitability, a relatively unfamiliar position for the carrier, China Cosco remained in the red, although it still saw significant margin improvement. Nearly $300 million in subsidies has been given to four Chinese lines, including CSCL and China Cosco, as the Chinese government rolls out a six-year plan to update its shipping industry."
"China's top two carriers — China Shipping Container Lines (CSCL) and China Cosco — rode a wave of container traffic growth, but only one of them made a profit. While the improved business climate lifted CSCL into profitability, a relatively unfamiliar position for the carrier, China Cosco remained in the red, although it still saw significant margin improvement. Nearly $300 million in subsidies has been given to four Chinese lines, including CSCL and China Cosco, as the Chinese government rolls out a six-year plan to update its shipping industry."