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Our Dec. 10 story on the Chinese shipping giant Cosco Group referred to a Hong Kong-listed unit, China Cosco Holdings.
FORBES: Magazine Article
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Also in Hong Kong, China's largest shipping company China Cosco Holdings fell 5.3% after the company announced that it plans to sell its logistics unit to its state-owned parent.
WSJ: Asian Shares Fall; Liquidity Concerns Hit Shanghai
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Credit Suisse estimates that 35% of China COSCO's revenue and 32% of China Shipping Container Lines' comes from the Asia-Europe route, while earnings from European trade for the country's port operators varies between 7.3% to 34.1%.
FORBES
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COSCO, China's giant shipping firm.
ECONOMIST: Problems left over from history
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"Even though China's export growth will slow this year, containerization is a major growth factor behind the expansion of China's trade, and COSCO can still enjoy very high growth, " he says.
CNN: Red Chip Frenzy Again?
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Container-leasing firm COSCO Pacific, controlled by one of China's top shipping companies, merits a look, says the European brokerage analyst.
CNN: Red Chip Frenzy Again?