Two major carriers reported losses this week. Click on the headlines to read the full articles in the Journal of Commerce:
Cosco Loses $325 Million, Reverses Year-Earlier Profit
China Cosco Holdings, battered by weak bulk and container shipping markets, reported a third quarter loss $325 million, reversing a $331 million profit a year earlier.China Shipping Loses $149 Million as Rates Tumble China Shipping Container Lines lost $149 million in the third quarter, as weak rates caused revenue to tumble 36 percent to $1.1 billion.