Reported 3 days ago
China's largest container shipping line, Cosco Shipping Holdings, reported a remarkable increase in revenue and profits for 2024, achieving operating revenue of $33.29 billion, a 33.29% rise from the previous year. Net profit surged by 95% to $7.75 billion, driven by strong consumer demand in the U.S. and shifts in shipping routes due to regional crises. However, the company faces challenges from trade tariffs and potential port fees in the U.S.
Source: YAHOO