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China Cosco - the world's largest operator of dry bulk ships - sinks to an all-time low in Hong...
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Thursday, August 30, 2012, 7:13 AM ETChina Cosco - the world's largest operator of dry bulk ships - sinks to an all-time low in Hong Kong after posting a H1 loss of $767M. The country's 2nd largest ship operator - China Shipping Container Lines - posted equally dismal earnings. Neither company sees any relief in sight for industry overcapacity. The Hang Seng (EWH) -1.2%.
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