Jefferies tips Cosco for profit fall as box rates dip

Jefferies is expecting a fall in profit for Cosco Shipping Holdings as boxship rates fall.

Transpacific levels have endured a sharp decline, the analyst said.

Cosco and its new acquisition OOCL both have their largest market share in these trades.

Finance costs related to the OOCL takeover will also weight heavily this year, Jefferies added.

Costs hit CNY 952m ($140.77m)